纯固收长盈理财榜单出炉，重仓二永债产品近1月收益表现突出

Core Insights - The article discusses the performance rankings of public pure fixed-income products issued by wealth management companies, focusing on those with a minimum one-year establishment period and a 2-3 year investment horizon [4]. Market Performance - The bond market in 2025 experienced fluctuations with a downward trend in interest rates. Many banks began issuing perpetual bonds to replace preferred shares, aiming to reduce interest costs. By December 31, 2025, banks issued a record 71 perpetual bonds totaling 821.8 billion yuan, with most new bonds having coupon rates between 2.0% and 3.0% [5]. - The issuance of secondary capital bonds also expanded significantly, with 77 bonds issued in 2025, amounting to 934.67 billion yuan, and an average coupon rate of 2.52%, down from 2.61% in 2024 [5]. Product Overall Performance - As of January 15, 2026, there were 980 public pure fixed-income products with a 2-3 year term and at least one year of establishment. Among 621 products with complete annualized yield disclosures, the average weighted annualized yield was 3.08%, with 131 products exceeding 3.5% [6]. - Seven wealth management companies made it to the ranking list, with Xingyin Wealth Management featuring three products, while Minsheng Wealth Management had two, and Huaxia, Huizhou, Nanyin, Nongyin, and Xinyin Wealth Management each had one product listed [6]. Highlighted Product Analysis - Huaxia Wealth Management's "Fixed Income Debt Rights Closed-End Wealth Management Product 264H" topped the list with a weighted annualized yield exceeding 5%, achieving a historical annualized yield of 3.85%. The product's investment targets include cash, bank deposits, interbank certificates, bonds, non-standard assets (trust plans), and public funds, with a leverage level of 130.61% as of Q3 2025 [7]. - Xingyin Wealth Management's "Fengli Yuedong Stable Enjoyment Closed-End Product 12" ranked second with a weighted annualized yield of 4.92%. This product primarily invests in cash, bank deposits, and bonds, with over 40% of its top ten assets being secondary capital bonds issued between 2021 and 2022. Notably, its recent one-month annualized yield reached 17.11%, surpassing all other products in the ranking [7].