今年以来，随着权益市场企稳回升、投资者信心逐步恢复，FOF也明显回暖，Wind数据显示，截至10 月31日，全市场成立满6个月的477只FOF年内收益均为正，且平均收益率达14.29%。另从规模来看，截 至三季度末，全市场FOF规模合计1871.47亿元，相较去年末增长570亿元。这意味着，在复杂多变的市 场环境中，不少投资者倾向于通过具有多元配置属性的产品来追求资产增值。 产品的具体投资上，江虹表示，将以风险控制为锚点、以波动率管理为舵，在此基础上追求组合收益的 增强。在她看来，低波产品净值曲线能稳健上行非常重要，要力求避免回撤给曲线带来的"伤痕"。从投 资业绩来看，以她在管的低波FOF景顺长城保守养老为例，截至10月31日，A类份额自成立以来的净值 增长率为7.89%，相较于纯债债基指数（3.69%）跑出了一定超额；而该产品同期-0.88%、显著领先业 绩基准（-1.39%）、偏债FOF指数（-2.91%）的最大回撤表现，又是"稳字当头"的较好体现。（数据来 源：Wind，景顺长城保守养老成立日期为2024年3月20日，同期基准为14.38%，截至2025/10/31） 展望后市，江虹表示，对权益市场保持 ...

Overall Performance - As of June 12, the average yield of public pure fixed-income products with a duration of 2-3 years was 3.44%, a slight decrease of 0.08 percentage points compared to May 8 [4] - The average annualized yield of public cash management products was 1.51%, while foreign currency cash management products had an average yield of 3.94% [12] Highlights of Products - Among 659 public pure fixed-income products, 633 achieved positive quarterly returns, representing 96.05% [4] - The highest yield in the pure fixed-income category was from "Huangyin Wealth Happiness 99 Prosperity Fixed Income 23003" with a net growth rate of 4.98% [4] - The second highest was "Huangyin Wealth Happiness 99 Longevity 23001" with a net growth rate of 4.82% [4] - The top three products in the "fixed income + options" category had yields of 1.52%, 1.20%, and 1.17% respectively, with the highest being "Zhaoyin Wealth Zhaorui Global Asset Momentum Two-Year Fixed Income Plan A" [9] Investment Preferences - Many top-performing products favored urban investment bonds, with some allocating a portion to non-standard assets [5] - A notable product, "Nongyin Wealth Anxin Linglong 2023," heavily invested in financial bonds, particularly those issued by securities companies, comprising 35.5% of its total assets [5] - Some products featured cycle dividends, such as "Huiyin Wealth Anxin Fixed Income Product 230280," which offers cash dividends after one and two years [5] Cash Management Products - The highest average seven-day annualized yield for cash management products was 2.95% from "Suyin Wealth Qiyuan Cash 3" [13] - The second highest was "Suyin Wealth Qiyuan Currency 1," with a yield of 2.92% [13] - The third was "Huaxia Wealth Cash Management Product 83," yielding 2.84% [13]