1月市场开门红！混合类理财冠军凭黄金、科创ETF领跑

Market Performance - In January 2026, the A-share market exhibited a strong "opening red" trend, with the Shanghai Composite Index rising by 3.76%, the ChiNext Index increasing by 4.47%, and the Shenzhen Index up by 5.03% by the end of January [2] - The non-ferrous metals sector led the gains with a 22.59% increase, while cyclical and high-elasticity sectors such as media, oil and petrochemicals, and basic chemicals all saw gains exceeding 12% [2] - Technology and manufacturing sectors, including electronics, computers, and communications, also performed strongly [2] Mixed Public Fund Performance - As of January 29, 2026, there were a total of 128 mixed public funds with investment periods of 3 to 6 months, with 28 funds achieving a net value growth rate exceeding 5% over the past six months [3] - Nearly 70% of the products had a net value growth rate concentrated in the 1% to 5% range [3] - Notable institutions included Xingyin Wealth Management with 3 products listed, Ningyin Wealth Management with 2, and several others with 1 product each [3] Product Analysis - The "Rongzhu Mixed Anti-Inflation Strategy Semi-Annual Holding Period Wealth Management Product A" from Minsheng Wealth Management topped the list with a 6-month net value growth rate of 8.20% [4] - The product primarily invests in funds and bonds, with holdings of 54.28% in funds and 15.33% in bonds as of the end of Q4 2025 [4] - The top ten assets include stock ETF funds, bond funds, and bank preferred shares, with allocations to "E Fund Shanghai Stock Exchange Sci-Tech Innovation Board 50 ETF Link C" and "Huaan Gold ETF Link C" at 3.97% and 2.26%, respectively [4] - Despite low holding ratios, both ETFs experienced strong growth of 39.57% and 42.07% over the past six months, contributing to recent returns [4] - The product manager anticipates that the domestic capital market has completed its first round of valuation repair, with value stocks still at the bottom of the valuation range [4] - The technology sector's improving conditions are expected to further elevate market valuation bottoms, with a potential phase of rebound for blue-chip and financial stocks, excluding banks, anticipated in the first quarter [4]