全球资本市场震荡，银行理财成资产配置新宠

Core Viewpoint - The article discusses the impact of current market volatility on investment strategies, emphasizing the importance of stable financial management and the varying characteristics of different investment products in terms of yield, risk, and liquidity [1]. Summary by Category Investment Products Overview - Fixed deposits offer extremely low risk with a yield of 1%-2%, but have poor liquidity, making them suitable for extremely conservative investors [2][11]. - Bank wealth management products provide yields of 2%-3.5% with medium-low risk and higher liquidity, appealing to investors seeking slightly higher returns than fixed deposits [5][23]. - Bond funds have a higher yield potential of 3%-5% but come with medium risk, influenced by interest and credit risks, suitable for those who can tolerate volatility [4][20]. - Money market funds yield 1%-2% with low risk and high liquidity, ideal for short-term cash management [3][17]. Performance Comparison - Bank wealth management products outperform fixed deposits and money market funds in terms of yield, while also being more resilient than bond funds during market fluctuations [26][41]. - As of March 2025, the average annualized yield for bank wealth management was 2.69%, with top products like WeBank's "Stable Treasure" achieving 2.77% [23][39]. - In contrast, bond funds showed a negative yield of -0.55% for the year, indicating higher volatility and risk [21]. Risk and Volatility Analysis - Bank wealth management products exhibit low volatility, with a maximum drawdown of only 0.15%, significantly lower than the 0.79% drawdown of bond funds [33][41]. - The article highlights that the volatility of bond funds can reach annualized rates of 3%-8%, making them less suitable for risk-averse investors [30]. Liquidity Considerations - Money market funds are praised for their liquidity, allowing for T+0 redemption, but their yields have diminished to levels comparable to regular savings accounts [35]. - Bank wealth management products offer flexible terms ranging from 7 to 365 days, catering to various liquidity needs while maintaining stable returns [37]. Conclusion - In the current low-interest and high-volatility environment, bank wealth management products are positioned as the optimal choice for conservative investors seeking stable growth [41].