股市调整冲击高含权混合类理财，股债均衡型产品近三月收益反超

Overall Performance - As of November 27, 2025, the average net value growth rate for mixed public wealth management products with a duration of 3-6 months is 2.88%, with an average maximum drawdown of 0.86%. Two products have achieved a net value growth rate exceeding 10% in the past six months [5]. - A total of six wealth management companies are represented in the rankings, with Ningyin Wealth Management featuring three products, while Hangyin Wealth Management and Xingyin Wealth Management each have two products. Additionally, Guangda Wealth Management, Minsheng Wealth Management, and Ping An Wealth Management each have one product listed [5]. Highlighted Product Analysis - In Q3 2025, the active trading in the stock market significantly boosted equity investment returns, with high-equity products performing particularly well. Ningyin Wealth Management's "Ningyin Balanced Growth Mixed Open Wealth Management Product No. 3" and "Ningyin Balanced Growth Intelligent Manufacturing Mixed Wealth Management Product No. 5" topped the rankings with net value growth rates of 10.40% and 10.28%, respectively [6]. - Both top products have similar investment allocation ratios, with the top ten holdings comprising cash, interbank pledged repos, bank tier-2 capital bonds, and stocks [6][7]. Market Trends - Entering Q4, the A-share market began to adjust overall, with the broad index under pressure from October to November 2025. The Shanghai Composite Index saw a slight increase, while the ChiNext Index and Shenzhen Component Index experienced significant declines [8]. - The Hong Kong stock market also showed a trend of adjustment, with major indices generally declining. In October, the Hang Seng Index and Hang Seng Tech Index fell by 3.53% and 8.62%, respectively, while in November, the declines were less severe, with the Hang Seng Index down by 0.18% and Hang Seng Tech down by 5.23% [8]. - Due to the overall adjustment in the equity market in Q4, Ningyin Wealth Management's two products entered a "roller coaster" mode starting in October, with net value growth rates dropping to -1.17% and -1.23%, respectively, before showing slight recovery in November [8].