固收+期权

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固收+期权产品近半年净值平均涨近2%,5只产品半年涨超3%
2 1 Shi Ji Jing Ji Bao Dao· 2025-10-17 02:01
| 10 4 4 | 产品名称 | 净值障 管理人 长率 | 最大回撤 | SE ( SEPT 部 | 卡测 | | --- | --- | --- | --- | --- | --- | | | 恒容沪深300 指数挂钩固定 收益类6个月 | 工银理财 4.72% | 0.88% | 2.21% | 10.456 | | | 定期开放理财 | | | | | | | 产品 | | | | | | | 稳享优加挂钩 大类指数三年 517 28 5 5 | 交银理财 4.18% | 0.42% | 3.06% | 19.756 | | | 财产品 | | | | | | | 招睿全球资产 动量两年定开 11号固定收益 | 招银理财 3.82% | 2.10% | 2.94% | 3.513 | | | 类理财计划A | | | | | | | 款 | | | | | | 4 | 稳享优加挂钩 钱朋二年到闭 式8号(泰隆专 | 交银理财 3.79% | 0.29% | 2.85% | 25.850 | | | 属)理财产品 | | | | | | 招容焦点联动 | 稳进大类资产 | | | | | | | --- ...
低波稳健不再是“一招鲜”
Jing Ji Wang· 2025-10-16 03:08
随着债市波动加大与年化收益率持续下行,传统的"低波稳健"型理财资金配置策略面临挑战。 尤其是近期固收类产品收益持续回落,推动银行理财公司摆脱同质化竞争,理财资金配置逻辑调整更为 明显,即从依赖单一债券,更强调"固收+期权"等多元复合策略。与此同时,理财资金投资视野正向权 益市场积极拓展,沿着科技与"反内卷"政策主线,深度挖掘新质生产力领域的长期机遇。 低波稳健不再是"一招鲜" 在银行理财存续产品中,投向债市的固定收益类产品占比超九成。近期债市再次陷入多空博弈的交锋 中,债券投资难度加大成了多家银行理财公司的普遍感受。 上海证券报记者注意到,近期银行理财公司纷纷推出挂钩黄金期权的理财产品,以吸引投资者。 例如:9月底,招银理财发布的某款黄金鲨鱼鳍固收类理财计划结束募集,该产品主要投资于固定收益 类资产及挂钩SGE黄金9999的期权等场外衍生品;建信理财于9月下旬首次发行黄金鲨鱼鳍结构性理财 产品,产品募集规模接近上限。 所谓黄金鲨鱼鳍结构性理财产品,是指产品挂钩黄金,通过设置一个或多个障碍价格,根据标的资产价 格与障碍价格的关系来确定收益。当标的资产价格处于不同区间时,收益会呈现出不同的变化趋势,因 产品收益结 ...
10.15犀牛财经早报:多家银行提高购金门槛并提示风险 银行理财资金配置逻辑生变
Xi Niu Cai Jing· 2025-10-16 02:04
多家银行提高购金门槛并提示风险 10月份以来,国际金价仍持续攀升,在市场风险加剧的背景下,多家银行近期密集调整个人贵金属业务 规则:一方面集中上调黄金积存业务起购门槛,部分银行已将起购门槛提升至1000元;另一方面同步发 布风险提示,引导投资者警惕贵金属价格波动可能带来的投资风险。(证券日报) 首批科创板成长层3只新股采用约定式限售 A股打新市场又有新变化 近日,首批科创板成长层3只新股在陆续申购。这3只新股在网下申购环节,均采用了约定限售方式,这 是A股首次出现这一限售方式。此为落实"科创板八条"的要求,在科创板试点对未盈利企业公开发行股 票锁定比例更高、锁定期限更长的网下投资机构,相应提高其配售比例。"在传统的摇号限售和比例限 售基础上,新增约定限售方式。预期后续未盈利企业网下限售和配售安排更为灵活,也对承销商定价与 销售能力提出更高要求。"申万宏源证券称。(券商中国) IPO过会率有所提升 现场检查严防"带病闯关" 今年以来,IPO过会率有所提升。截至目前,A股IPO企业上会数量为61家,过会数量为58家,95.08% 的过会率较去年同期的85.37%上升近10个百分点。与此同时,在严把入口关的监管导向 ...
“存款搬家”新路径曝光→
第一财经· 2025-10-10 03:01
10月9日,三大股指集体收涨。沪指报3933.97点,涨1.32%,创逾十年新高;深成指涨1.47%,创 业板指涨0.73%。沪深京三市全天成交额达26718亿元,较前一交易日放量4746亿元。 与此同时,国际金价保持4000美元/盎司高位,投资者对资产配置的关注进一步提升。在此背景下, 多家银行理财子公司加快"固收+"产品调整步伐,布局多元化策略,以应对市场火热带来的机遇与挑 战。 2025.10. 10 权益市场回暖推动固收+产品活跃 本文字数:1788,阅读时长大约3分钟 作者 | 第一财经 陈君君 随着A股近期持续走强,沪指突破3900点,科创50指数单日涨幅超过5%,银行理财市场也随之活 跃。 今年以来,银行理财固收+产品的收益表现与权益市场走势密切相关。普益标准数据显示,今年三季 度混合类产品规模从6月底的6470.76亿元增至9月底的6548.11亿元,实现77亿元增长。 多元策略与风险管理成为关键 市场升温的同时,风险管理也成为理财公司布局固收+产品的核心。兴银理财创新业务部总经理叶予 璋指出,绝对收益策略主要通过两条路径实现:一是"固收+期权",在参与权益市场的同时防范黑天 鹅、灰犀牛事件冲 ...
工银、交银、兴银3只“固收+期权”产品近3月净值涨超3%
2 1 Shi Ji Jing Ji Bao Dao· 2025-09-30 07:12
展团 21世纪经济报道 "国收+期 品近3月业绩榜单 | all gar | 产品名称 | 净值增 管理人 长率 | 最大回撤 | 年 趣 | 12 | | --- | --- | --- | --- | --- | --- | | | 恒容泸深300 目或信钩6个 | 工银理财 3.50% | 0.24% | 2.09% | 55.227 | | | 月亮期开放 | | | | | | | 稳享优加挂钩 大类 数三年 到防屈修号 | 交银理财 3.10% | 0.09% | 2.24% | 129.012 | | | 丰利兴动多策 略全球配置的 闭式6号A | 兴银理财 3.06% | 0.33% | 2.44% | 34.855 | | 4 | 丰利兴动多策 略全球-钱潮 印刷4号B | 兴银理财 2.97% | 0.29% | 2.30% | 38.554 | | 5 | 招睿全球资产 动量两年后开 | 招银理财 2.83% | 1.03% | 2.84% | 10.258 | | | 11号A款 | | | | | | 6 | 器量清的增量 1月 -- 午前 -- | 平安理财 2.80% | 0.4 ...
多只挂钩钱潮指数产品上榜,建信理财新发黄金鲨鱼鳍结构性产品
2 1 Shi Ji Jing Ji Bao Dao· 2025-09-24 10:16
Overall Performance - As of September 18, there are 163 existing "fixed income + options" public wealth management products, with an average net value growth rate of 1.93% over the past six months [4] - All products have shown positive performance, with no negative return products, although seven products had a net value growth rate below 1% [4] - In the ranking of public "fixed income + options" wealth management products, Zhaoyin Wealth Management has five products listed, while Xingyin Wealth Management and Jiaoyin Wealth Management each have two products, and Gongyin Wealth Management has one product [4] - The top three products in terms of net value growth rate over the past six months are: Gongyin Wealth Management's "Hengrui HuShen 300 Index Linked Fixed Income Class 6-Month Regular Open" at 4.35%, Zhaoyin Wealth Management's "Zhaorui Global Asset Momentum Two-Year Regular Open 10th A Class" at 3.77%, and "Zhaorui Focus Linked Stable Major Asset Index Closed (Exclusive) No. 1" at 3.06% [4] Highlighted Product Analysis - Several products linked to the Qianchao Index are featured, such as Xingyin Wealth Management's "Fengli Xindong Multi-Strategy Global - Qianchao Closed No. 4 Enhanced B", Jiaoyin Wealth Management's "Stable Enjoyment Plus Linked Qianchao Three-Year Closed No. 8 (Tailong Exclusive)", and Zhaoyin Wealth Management's "Zhaorui Qianchao Index Three-Year Closed (Tailong Exclusive) TL" [5] - The main structure of these products involves partial investment in options linked to the Qianchao Major Asset Trend Strategy Index (QCMAT3C.WI) [5] - The Qianchao Index, developed by Tailong Bank, utilizes risk parity and momentum strategies for global asset allocation [5] - The Qianchao Index showed a weak performance in the second quarter due to U.S. tariff policy impacts but has recently shown an upward trend, with an annualized growth rate of 6.27% over the past three months as of September 22 [5] New Product Observations - Recent trends indicate a weakening U.S. dollar credit and increasing geopolitical factors, leading to a growing demand among investors for gold as a hedge against financial market tail risks [6] - On September 23, Jianxin Wealth Management successfully launched its first structured wealth management product, "Private Banking Selected Fortune Star Gold Shark Fin Fixed Income Closed Product 2025 No. 1", which allocates most funds to low-risk fixed income assets for stable returns while investing a small portion in gold-linked options [6] - The "Gold Shark Fin" structured wealth management product is designed to link to gold, with its returns determined by the relationship between the underlying asset price and set barrier prices, resulting in varying return trends based on different price ranges [6]
“固收+期权”理财全线飘红,工银、兴银、交银产品领涨
2 1 Shi Ji Jing Ji Bao Dao· 2025-09-17 07:54
Overall Performance - The average net value growth rate of public "fixed income + options" wealth management products over the past three months is 1.18%, with no products showing negative returns during this period [6] - As of September 11, there are a total of 155 "fixed income + options" wealth management products in existence, with notable performances from 工银理财, 兴银理财, and 交银理财 [6] - The top three products in terms of net value growth rate are 工银理财's "恒睿沪深300指数挂钩固定收益类6个月定期开放" at 3.34%, 兴银理财's "丰利兴动多策略全球配置封闭式6号" at 2.74%, and 交银理财's "稳享优加挂钩大类指数三年封闭式3号" at 2.68% [6] Highlighted Product Analysis - 兴银理财's "丰利兴动多策略全球配置封闭式6号增强型A" has a performance benchmark of an annualized 0.4% to 7%, investing in European call options linked to the 钱潮大类资产趋势策略指数3.2 [7] - The product achieved a monthly increase of 1.376% as of September 9, translating to an annualized rate of 15.32%, with a three-month annualized increase of 10.59% [7] - Despite a weaker performance in the second quarter due to U.S. tariff policies, the product will continue to follow its strategy of monthly rebalancing to optimize global asset allocation [7][8]
“固收+期权”产品近6月平均涨幅1.17%,2只产品涨超3%
2 1 Shi Ji Jing Ji Bao Dao· 2025-09-10 08:17
Overall Performance - The average net value growth rate of public "fixed income + options" wealth management products over the past six months is 1.17% [5] - A total of 145 "fixed income + options" wealth management products are currently in existence, with only 6 products showing negative returns in the range of -0.13% to -0.05% [5] - The top three products by net value growth rate are "Zhaorui Global Asset Momentum Two-Year Open 10th A" at 3.59%, "Hengrui CSI 300 Index Linked 6-Month Regular Open" at 3.43%, and "Zhaorui Global Asset Momentum Fourteen-Month Open 2nd A" at 2.63% [5] Highlighted Product Analysis - The "Sunshine Qingrui Leap Enjoy 20th Period (10-Year U.S. Treasury Yield Automatic Trigger Strategy) D" product has a performance benchmark of 0.01% to 4.10% and employs an OBPI-based options combination insurance strategy [6] - This product is linked to the 10-year U.S. Treasury yield, with the initial price set on March 3, 2025, and a trigger price of the initial price minus 30 basis points [6] - The product has 10 observation days, and if the price on any observation day is less than or equal to the trigger price, it will terminate early; otherwise, the performance benchmark will be 0.01% to 0.15% [7] - As of September 5, 2025, the annualized yield of this product has remained above 3% across various time frames, with a one-month annualized yield of 3.29%, a three-month yield of 3.25%, and a yield since inception of 3.15% [7]
挂钩指数普遍上涨,“固收+期权”产品迎来“敲出潮”!
2 1 Shi Ji Jing Ji Bao Dao· 2025-09-03 11:01
Overall Performance - The "fixed income + options" strategy products have shown good performance due to the recent strength in major stock indices and asset class indices, with an average net value growth rate of 1.17% over the past three months and a maximum drawdown average of 0.31% as of August 28 [5] - Only 1.55% of the products recorded negative returns in the last three months, indicating a strong overall performance in the sector [5] - The leaderboard for the past three months features products from Zhaoyin Wealth Management, with four products listed, followed by Xingyin Wealth Management and Jiaoyin Wealth Management with two products each, and Industrial Bank Wealth Management and Everbright Wealth Management with one product each [5] Highlighted Product Analysis - The top product, "Hengrui CSI 300 Index Linked Fixed Income Class 6-Month Open," managed by Industrial Bank Wealth Management, is based on bond assets supplemented by equity and derivative assets, holding bank ETFs and low-volatility dividend ETFs as of mid-year [6] - The second-ranked product, "Fengli Xindong Multi-Strategy Global Money Tide Closed-End 3rd Enhanced B," managed by Xingyin Wealth Management, has an annualized performance benchmark of 0.2% to 7%, investing in European call options linked to the Money Tide asset trend strategy index, which increased by approximately 4.1% from May 28, 2025, to August 28, 2025 [6]
绩优“固收+期权”产品挂钩沪深300,上半年提升权益资产占比
2 1 Shi Ji Jing Ji Bao Dao· 2025-08-20 09:04
Group 1 - The core viewpoint of the article highlights the performance of public "fixed income + options" wealth management products, with a focus on their net value growth and the increase in equity asset allocation [1][2]. - As of August 14, 2025, there are a total of 163 "fixed income + options" wealth management products in existence, with an average net value growth rate of 0.81% over the past three months, and only one product reporting a negative return [2]. Group 2 - The top-performing product is the "Puyin Wealth Enjoyment Closed-end No. 10 (Exclusive)" from Puyin Wealth Management, which achieved a net value growth rate of 5.47% over the past three months, significantly outperforming other products [3]. - The second-ranked product is the "Hengrui CSI 300 Index-linked 6-month fixed opening" from ICBC Wealth Management, with a net value growth rate of 2.16% over the same period. This product has a risk rating of PR3 and was established on March 2, 2020 [3]. - The "Hengrui CSI 300 Index-linked 6-month fixed opening" product has seen a stable net value trend in 2024 after a poor performance in 2022 and 2023, with a total share of 13.5 million as of mid-2025 [3].