数据说明： 产品统计范围为理财公司发行的公募"固收+期权"理财产品，统计截止日期为2026年1月22日，统计区间为近3月。 榜单排名来自理财通AI全自动化实时排名，如您对数据有疑问，请在文末联系助理进一步核实。 | ਾ। | 产品名称 | 管理人 | 净值增 长率 | 最大回撤 | 年化波动 हर | 卡玛 | | --- | --- | --- | --- | --- | --- | --- | | | 兴银理财丰利 兴动多策略全 球配置的闭式 第11号管理招 | 兴银理财 3.41% | | 0.75% | 2.88% | 16.86175 | | | 固收类理财产 品 | | | | | | | | 兴银理财丰利 兴动多策略全 球-钱潮封闭 式1号增强型 固收类理财产 品A | 兴银理财 | 3.12% | 0.68% | 2.40% | 17.10248 | 1）若关联标的期末价格低于或等于期初价格，则业绩比较基准为1.20%； | | 招聘职业招聘 钱潮指数3年 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | | 封闭式6号固 | ...

Core Insights - The average net value growth rate for "fixed income + options" public wealth management products in 2025 is 2.14%, exceeding the average return of 2024 by 47 basis points [5] - The A-share market experienced a significant recovery in 2025, with the Shanghai Composite Index rising by 18.41% and the Shenzhen Component Index by 29.87%, contributing to the performance of structured products linked to major stock indices [5] - Gold prices reached historical highs in 2025, with a nearly 70% increase, making gold-linked structured products popular among new "fixed income + options" offerings [5] Product Performance - The top-performing product is the "Zhaoyin Global Asset Momentum Two-Year Open 10th A Fund" with a net value growth rate of 7.96% [6][7] - The second and third positions are held by "Zhaoyin Global Asset Momentum Fourteen-Month Open 2nd A Fund" at 5.40% and "Ping An Wealth Management's Xinxiang Index Enhanced One-Year Open" at 5.16% [6][8] - The top three products are linked to major asset indices, with all established in 2021 [7] Investment Strategies - The "Zhaoyin Global Asset Momentum Two-Year Open 10th A Fund" employs a strategy that includes a significant portion of fixed income investments, focusing on stable returns while also investing in equities and commodities [7] - The "Zhaoyin Global Asset Momentum Fourteen-Month Open 2nd A Fund" follows a similar strategy, investing at least 90% of the principal in fixed income assets [8] - The "Ping An Wealth Management's Xinxiang Index Enhanced One-Year Open" is designed for investors seeking to enhance returns through equity exposure while maintaining a solid fixed income base [8]

Group 1 - The core viewpoint of the article highlights the significant bull market in the precious metals sector in 2025, with gold prices reaching a peak of $4,550 per ounce and an annual increase of nearly 70% [1] - Central banks globally have been the main drivers of gold purchases, with China's gold reserves increasing to 74.15 million ounces by the end of December 2025, marking the 14th consecutive month of gold accumulation by the People's Bank of China [1] - The World Gold Council reported that in October 2025, central banks net purchased 53 tons of gold, a month-on-month increase of 36%, indicating the highest monthly demand of the year [1] Group 2 - "Gold+" wealth management products are defined as investment products issued by banks that combine gold-related assets with other stable assets, allowing investors to benefit from rising gold prices while mitigating risks [3] - In 2025, there was a high issuance of "Gold+" wealth management products, with 61 new products launched by various financial institutions, including 47 "fixed income + options" products and 14 mixed products [4] - As of December 31, 2025, there were 50 active gold-themed wealth management products, with 52% rated as level two (medium-low risk) and 46% rated as level three (medium risk) [4] Group 3 - The average annualized return for "Gold+" wealth management products in 2025 reached 8.6%, with three products exceeding a 10% annualized return [5] - The top-performing product, "Zhaozhi Hongrui Multi-Asset FOF Progress Day Open No. 1," achieved an annualized return of 22.23% in 2025, despite having a long-term annualized return of only 0.17% since its inception [5] - The performance of "Gold+" wealth management products has been notably strong, with several products showing annualized returns over 5% since inception [5] Group 4 - There are two main types of "Gold+" wealth management products: "fixed income + gold" products that primarily invest in fixed income assets with a small portion in gold-related assets, and structured wealth management products that use derivatives to capture gold price movements [7] - The structured products are designed to provide flexibility in capturing gold opportunities while minimizing the impact of gold price volatility on the product's net value [7] Group 5 - Ordinary investors are encouraged to consider "Gold+" wealth management products as a quality option for participating in gold investments, as they lower the barriers and risks associated with direct gold investment while allowing for potential gains from gold market trends [11] - Investors should be aware of the volatility in gold prices and the importance of long-term holding to avoid losses from short-term fluctuations [11]

Core Insights - The report focuses on the performance of public "fixed income + options" wealth management products issued by various financial companies, with a statistical cutoff date of December 25, 2025, and a review period of the last six months [1]. Group 1: Product Performance - As of December 25, 2025, there are 195 public "fixed income + options" wealth management products with a lifespan of over six months, showing an average net value growth rate of 2.96% over the last six months [4]. - Among the products, five have a net value growth rate below 1%, with the lowest being Huaihua Wealth Management's "Trend Guide Closed Fixed Income Product 005," which recorded a decline of 0.02% [5]. - The top ten performing products include five from Zhao Yin Wealth Management, two from Xing Yin Wealth Management, two from Jiao Yin Wealth Management, and one from Gong Yin Wealth Management [5]. Group 2: Top Performing Products - The top two products in terms of performance are from Xing Yin Wealth Management's "Feng Li Xing Dong Duo Ce Global Allocation Closed 7," which has a risk rating of R2 and has been in existence for 1,094 days, primarily investing in debt assets and options linked to specific indices [5][6]. - The third product is Zhao Yin Wealth Management's "Zhao Rui Global Asset Momentum Two-Year Open 10," with all three products achieving over 5% net value growth in the last six months, translating to an annualized return exceeding 10% [5]. - The performance benchmark for the top product is set at an annualized rate of 0.3% if the underlying index price does not increase, and between 0.3% to 7% if it does [6]. Group 3: Market Trends - The "Qian Chao Index," which serves as a benchmark for the top product, is a quantitative strategy index that includes major global markets and is based on risk parity and momentum principles [6]. - The index experienced a weak performance in Q2 2025 due to U.S. tariff policy impacts but rebounded in Q3, with a total annual growth of 7.72% for 2025 [6].

Overall Performance - As of December 4, 2025, there are 228 public "fixed income + options" wealth management products in existence, with an average net value growth rate of 1.41% and an average maximum drawdown of 0.34% over the past three months [5] - All products achieved positive returns in the last three months, with 26 products having a net value growth rate below 0.5%. The lowest performer is Ningyin Wealth Management's "Jiaoyue Global Allocation Linked Type One-Year Regular Open 3," with a net value increase of only 0.27% [5] - In the top ten products by return, Zhao Yin Wealth Management has six products listed, while Xing Yin Wealth Management and Jiao Yin Wealth Management each have two. The top product is Zhao Yin Wealth Management's "Zhao Rui Global Asset Momentum Two-Year Regular Open 10 C," which has a net value growth rate exceeding 3% [5] Highlighted Product Analysis - The product with the highest Karma ratio in the current ranking is Zhao Yin Wealth Management's "Zhao Rui Focused Linked Stable Major Asset Index Closed (Exclusive) 1" (referred to as "Focus Linked Stable Closed 1PB"). This product was established on January 10, 2025, with a risk rating of PR2 and is set to mature on January 8, 2026 [7] - As of mid-2025, the product has a net asset value of 122 million yuan and a leverage level of 102.1%. The investment strategy involves a "fixed income + derivatives" approach, with at least 80% of funds invested in fixed income assets and no more than 5% in linked options [7] - The performance benchmark for this product is contingent on the WARP2.WI index's performance, with various scenarios determining the annualized return range from 0.06% to 5.20% [8]

Core Insights - The report highlights the performance of public "fixed income + options" wealth management products, with a total of 208 products currently in existence as of November 20, 2025, showing an average net value growth rate of 1.92% over the past three months [5] - The top ten performing products include five from China Merchants Bank Wealth Management, two from Xingyin Wealth Management, two from Bank of Communications Wealth Management, and one from Industrial and Commercial Bank of China Wealth Management [5] - Only one product, the "Xinyue Private Banking Exclusive CSI 1000 Shark Fin Strategy Fixed Income Closed (25G6075B)" from Industrial and Commercial Bank of China, reported a negative return of -0.34% over the past three months [5] Performance Summary - The average maximum drawdown for the products over the last three months is 0.28% [5] - Three products in the top ten have achieved a net value growth rate exceeding 3%, with China Merchants Bank and Xingyin Wealth Management each contributing two products [5] - The "Xinyue Private Banking Exclusive" product has experienced two significant net value drawdowns since its inception, with the first occurring from August 13 to August 20, 2025, and the second from November 5 to November 12, 2025 [6][8] Product Details - The "Xinyue Private Banking Exclusive" product has an annualized return of 2.47% since its inception, surpassing the lower limit of its performance benchmark [8] - The product's strategy involves a combination of fixed income assets and financial derivatives linked to the CSI 1000 index, primarily investing in monetary assets and call options [8] - The product will continue to track the performance of both fixed income and derivative assets to gradually accumulate returns [8]

Overall Performance - As of November 13, there are 173 public "fixed income + options" wealth management products in existence, with an average net value growth rate of 2.91% and an average maximum drawdown of 0.37% over the past six months [6] - All products achieved positive returns in the last six months, with two products having a net value growth rate below 1%, specifically 0.72% and 0.41% for 招银理财 and 汇华理财 respectively [6] - The top ten products by yield include four from 招银理财, two from 兴银理财 and 交银理财, and one each from 平安理财 and 工银理财 [6] - 工银理财's product "恒睿沪深300指数挂钩固定收益类6个月定期开放" leads with a net value growth rate of 5.15%, while three other products exceed 4.5% [6] New Product Observations - 建信理财 is preparing to launch a new "fixed income + options" product named "睿鑫中证1000鲨鱼鳍固收类封闭式产品2025年第1期," which will primarily invest in fixed income assets and options linked to the 中证1000 index [8] - 工银理财 has also issued a product linked to the 中证1000 index, "鑫悦私银中证1000看涨鲨鱼鳍策略固收封闭," which allocates at least 95% to low-risk debt assets [11] - The "shark fin" strategy, used in these products, is designed to optimize return structures during narrow market fluctuations while limiting risk exposure during increased volatility [12]

Core Insights - The article discusses the increasing demand for asset reallocation among residents towards "stable appreciation + yield elasticity" in a low interest rate environment, highlighting the importance of "fixed income + options" strategies [4][8] - It emphasizes the performance of "fixed income + options" products, which have shown positive returns in a volatile market, with an average net value growth rate of 2.30% over the past three months [4][6] Product Performance - As of November 5, 2025, there are 173 existing "fixed income + options" products, all of which achieved positive returns in the last three months [4][6] - The top-performing product, "Fengli Xindong Multi-Strategy Global - Qianchao Closed-end No. 1A," had a net value growth rate exceeding 4%, while the second product, "Fengli Xindong Multi-Strategy Global Configuration Closed-end No. 5B," achieved a growth rate of 3.93% [4][6] Investment Strategy - The leading product employs a conservative income strategy, controlling interest rate and credit exposure to maintain stable returns, while utilizing European call options linked to the Qianchao Index [5][7] - The Qianchao Index encompasses a broad range of global assets, including bonds, stocks, and commodities, and is designed to provide a quantitative strategy based on risk parity and momentum principles [6][7] Risk Management - The "Fengli Xindong Multi-Strategy" series combines stable debt assets with limited-loss option structures, effectively controlling downside risk while allowing for potential high returns when linked assets perform well [7][8] - The maximum loss from the option structure is limited to the option premium, theoretically securing the maximum downside risk while enabling significant upside potential [8]

Overall Performance - As of October 30, there are 173 public "fixed income + options" wealth management products with an average net value growth rate of 3.11% and an average maximum drawdown of 0.39% over the past six months [5] - All products achieved positive returns in the last six months, with only two products having a net value growth rate below 1%, specifically Everbright Wealth's "Sunshine Qingrui Ying No. 8" and Huihua Wealth's "Trend Guide Closed Fixed Income Product No. 001," with growth rates of 0.99% and 0.21% respectively [5] - The top ten products include four from China Merchants Bank Wealth Management, two from Xingyin Wealth Management, two from Jiaoyin Wealth Management, and one each from Ping An Wealth Management and ICBC Wealth Management [5] Highlighted Product Analysis - The top product, China Merchants Bank Wealth Management's "Zhaorui Global Asset Momentum Two-Year Open No. 11 A," has a performance benchmark of 0.70% to 7.70% and a risk rating of PR2 [6] - The investment strategy focuses on fixed income assets and options linked to the China Merchants Bank Global Asset Momentum Index (MMA Index), utilizing European call spread options [6] - As of the end of Q3 2025, the product's total share is 41.892 million, with annualized returns exceeding the upper limit of the performance benchmark for the last three and six months, at 12.02% and 8.06% respectively [6][7] Investment Strategy - In Q3, the product's fixed income assets were primarily allocated to non-standardized assets held to maturity and some mismatched ABS assets and bonds, without using leverage [7] - The MMA Index recorded a positive absolute return of 4.13% in Q3 2025 and a year-to-date absolute return of 7.88% [7]

Overall Performance - As of October 23, there are 235 public "fixed income + options" wealth management products with an average net value growth rate of 1.67% and an average maximum drawdown of 0.32% over the past three months [3] - All products achieved positive returns in the last three months, with 13 products having a net value growth rate below 0.5%, the lowest being "Yunong Commercial Bank Wealth Management 'Yizun Jinxijiangyu Chuan Cheng' Closed 2025 No. 51703" at 0.12% [3] - The top ten products include five from China Merchants Bank Wealth Management, two from Xinyin Wealth Management, two from Jiaoyin Wealth Management, and one from ICBC Wealth Management [3] Highlighted Product Analysis - The leading product, "China Merchants Bank Wealth Management 'Zhaorui Focus Linked Stable Large Asset Index Closed (Exclusive) No. 1'", was established on January 10, 2025, with a risk rating of PR2 and is set to mature on January 8, 2026 [4] - As of mid-2025, the product had a net asset value of 122 million yuan and a leverage level of 102.1% [4] - The investment strategy allocates no less than 80% of funds to fixed income assets and no more than 5% to call options linked to the WARP2.WI index, with a focus on high-grade bonds and quality deposit assets [4] Performance of Linked Index - As of October 30, the WARP2.WI index linked to the product had an annualized return of 2.56% over the past month, slightly lower than the 2.77% return of the CSI 300 index during the same period [5] - The annualized returns for the WARP2.WI index were 5.23% and 7.14% over the past three and six months, respectively, both significantly lower than the CSI 300 index [5] - Over a five-year period, the WARP2.WI index achieved an annualized return of 6.42%, while the CSI 300 index recorded a -0.11% decline [5]