偏股混合理财收益领先，一偏债混合产品近一年收益告负

Core Viewpoint - The report highlights the performance of mixed public funds over the past year, indicating a strong market performance in A-shares and a significant presence of certain financial institutions in the rankings [5][6]. Group 1: Market Performance - As of January 15, 2026, the A-share market continued its strong performance, with the ChiNext Index rising over 62%, the Shenzhen Component Index increasing over 42%, and the Sci-Tech 100 Index gaining over 74% [5]. - The Hong Kong stock market also showed positive results, with the Hang Seng Index up over 39%, the Hang Seng Tech Index rising over 33%, and the Hang Seng Hong Kong Stock Connect Index increasing over 46% [5]. - The bond market experienced continued fluctuations, with a downward trend in interest rates [5]. Group 2: Overall Performance of Mixed Public Products - As of January 15, 2026, there were 249 mixed public fund products with an investment period of 1-3 years, with an average net value growth rate of 5.50% over the past year [6]. - More than 60% of these products had a net value growth rate between 1% and 5%, while 11 products had growth rates between 10% and 20%, and 8 products exceeded 20% growth [6]. - Only one product reported negative growth [6]. Group 3: Product Analysis - Ningyin Wealth Management had 7 products heavily invested in equity assets and public funds, with some products having over 80% allocation to public funds [7]. - The strong performance of the equity market led to superior growth in Ningyin's mixed products, although they were also subject to significant volatility, with some products experiencing maximum drawdowns exceeding 15% [7]. - The report noted that mixed equity products performed well, while mixed debt products lagged due to the "stock-bond seesaw effect" [7]. - The lowest performing product was the "Postal Wealth·Hongyuan Two-Year Fixed Opening No. 21 (Industry Selection) RMB Financial Product," which had a net value growth rate of -0.88% and a bond holding ratio of 41.6% [7][8].