数据说明： "固收+权益"产品统计范围为理财公司6个月最短持有期的"固收+权益"公募产品。统计区间均为近6个月，上榜产品每周均有净值披露。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。 丰利逸动系列单品斩获"固收+权益"近六月榜首 方财经全媒体集团 21世纪经济报道 (GE) 南贴理财道 "固收+权益 水冷司 财近六月收益榜单 (6个月最短持有期) | ਡਿ | | | 净值增 | | 年代的时间 | | --- | --- | --- | --- | --- | --- | | 를 | 产品名称 | 管理人 | 长率 | 最大回撤 | 图 | | | 丰利逸动6个月景想同 期日开04号增强型A | 兴银理财 | 4.15% | 0.09% | 0.95% | | | 新闻校管理专家公司学 年持有期1号A | 民生理财 | 4.10% | 0.61% | 1.79% | | | 丰利兴动合兴六个月持有 期日开增强型B | 兴银理财 3.97% | | 0.22% | 0.95% | | | 慧盈象固收增强六个月持 | | | | | | র্ব | 有期3号A | 信 ...

Overall Performance - The average net value growth rate of RMB "fixed income + equity" public wealth management products with a maturity of 6-12 months over the past year is 3.14%, with an average maximum drawdown of 0.39% [5] - 37.53% of the products recorded positive returns every month over the past year [5] - The top three products in the monthly positive return category include "Huiyingxiang Fixed Income Enhanced One-Year Holding Period No. 1A" from Xinyin Wealth Management with a growth rate of 6.76%, followed by "Hengrui Rising Monthly Heng 300-Day Holding" from ICBC Wealth Management at 6.73%, and "Guizhu Fixed Income Increased One-Year Holding Period Automatic Renewal No. 1 (Personal)" from Minsheng Wealth Management at 6.37% [5] Highlighted Product Analysis - "Huiyingxiang Fixed Income Enhanced One-Year Holding Period No. 1A" from Xinyin Wealth Management is based on fixed income assets supplemented by equity assets, with a performance benchmark of "90% of the yield of the China Bond - New Comprehensive Full Price (Total Value) Index + 5% of the Shanghai and Shenzhen 300 Index yield + 5% of the current deposit rate" [6] - As of the end of the first half of the year, the equity and bond asset proportions of this product are 6.69% and 41.83%, respectively, with the remainder in cash and bank deposits [6] - "Hengrui Rising Monthly Heng 300-Day Holding" from ICBC Wealth Management is rated as medium risk and employs a "fixed income + multi-asset multi-strategy" approach, focusing on coupon strategies and adjusting product duration flexibly [6] - The equity portion of this product adjusts based on policy strength and market sentiment, increasing allocations in new economy sectors and areas benefiting from policy changes, such as AI-related technology industries [6]

Overall Performance - As of September 18, 2025, a total of 2,476 public "fixed income + equity" products with a duration of 3-6 months are in existence, with 1,373 products (55.45%) achieving positive returns every month over the past six months [5] - Notable products include Minsheng Wealth Management's "Guizhu Fixed Income Stable Profit" and "Guizhu Fixed Income Enhanced Index Rotation," as well as Xingyin Wealth Management's "Fengli Yidong" series, all of which have net value growth exceeding 4% over the past six months [5] - The tenth-ranked product, Guangyin Wealth Management's "Happiness Added Benefit 6-Month Holding Fixed Income Class No. 8A," recorded a maximum drawdown of 0 and an annualized volatility of only 0.8%, with a net value growth rate of 3.55% over the past six months [5] Market Dynamics - In the context of declining fixed income asset yields and a recovering equity market, products with equity exposure are gaining popularity, leading to increased issuance of such products by wealth management companies [6] - In July 2025, the number of mixed products issued reached 50, while three new equity products were launched, including two from Huaxia Wealth Management and one from Zhiyin Wealth Management [6] - The average net value growth rate for equity wealth management products in the first eight months of the year was 13.39%, compared to 3.36% for mixed products and only 1.68% for fixed income products [6] Company Research - Wealth management companies are increasingly focusing on equity assets, with 23 companies participating in 587 instances of company research since the third quarter [7] - Ningyin Wealth Management was the most active, conducting 84 research sessions, followed by Zhiyin Wealth Management and Hangyin Wealth Management, each exceeding 60 sessions [7] - There is a notable interest in companies listed on the ChiNext and STAR Market, indicating a strategic focus on high-growth sectors [7]

Overall Performance - The average net value growth rate of RMB "fixed income + equity" public financial products with a maturity of less than 3 months over the past six months is 1.23%, with an average maximum drawdown of 0.05% [5] - 85.58% of the products recorded positive returns in each natural month over the past six months [5] - The top three products in terms of net value growth over the past six months are: 1. Xingyin Wealth Management's "Fengli Xindong Multi-Strategy Technology Growth" with a growth rate of 7.08% 2. Ningyin Wealth Management's "Qinning Individual Stock Selection Fixed Income Daily Open 1" with a growth rate of 5.27% 3. Minsheng Wealth Management's "Guizhu Fixed Income Incremental Seasonal Earnings 90-Day Holding Period 21" with a growth rate of 4.65% [5] Highlighted Product Analysis - Xingyin Wealth Management's "Fengli Xindong Multi-Strategy Technology Growth" was established in February this year, rated R3 (medium risk), with a performance benchmark of "China Bond - New Comprehensive Full Price (1-3 years) Index Yield × 85% + ChiNext Index Yield × 10% + Current Deposit Rate × 5%" [6] - The product is based on bond assets, supplemented by public funds and cash assets, with an equity investment ratio of 1.85% as of the end of the first half of the year [6] - Ningyin Wealth Management's "Qinning Individual Stock Selection Fixed Income Daily Open 1" is rated PR3 (medium risk) and has a relatively high proportion of public fund holdings, resulting in greater net value volatility, with a maximum drawdown of 2.47% over the past six months [6] - As of the end of the first half of the year, the product's public fund holding ratio is approximately 70%, with an equity investment ratio of 16.4% [6] - The product invests in local government bonds, urban investment bonds, policy financial bond ETFs, as well as convertible bonds and exchangeable bond ETFs, with a total asset net value of less than 20 million yuan as of the end of the first half of the year [6]

Core Insights - The article discusses the performance of public "fixed income + equity" products issued by wealth management companies, focusing on those with an investment period of over three years and positive returns for each complete natural quarter in the past year, as of September 4, 2025 [1][4]. Group 1: Overall Performance - As of September 4, 2025, there are a total of 90 public "fixed income + equity" products with a duration of over three years, of which 39 products achieved positive quarterly returns over the past year, accounting for slightly over 40% [4]. - Among the products with consistent positive returns, 10 standout products include five pension wealth management products from Industrial Bank Wealth Management, Agricultural Bank Wealth Management, Xingyin Wealth Management, China Post Wealth Management, and China Merchants Bank Wealth Management [4]. Group 2: Highlighted Product Analysis - The pension wealth management products from Industrial Bank and Agricultural Bank have seen net value growth rates exceeding 7% over the past year, while China Post and China Merchants Bank's pension products exhibit lower maximum drawdowns and annualized volatility, with China Post's product having the highest Calmar ratio [5]. - The asset allocation of the top two ranked pension products primarily derives returns from high-yield non-standard assets, with Industrial Bank's product having 35.09% of its holdings in non-standard assets as of June 2025 [5]. - Agricultural Bank's pension product also has a similar asset composition, with 35.92% of its holdings in non-standard assets, primarily structured as trust loans or accounts receivable [5]. Group 3: Asset Scale and Performance Metrics - As of June 2025, the asset scale of Industrial Bank's pension product is 1.883 billion yuan, while Agricultural Bank's product has a higher asset scale of 8.296 billion yuan [6]. - Since the implementation of the pilot program for pension wealth management products in September 2021, there are currently 51 pension wealth management products in existence among 10 wealth management companies [6]. - The average annualized returns for pension wealth management products over the past year, two years, three years, and year-to-date are 5.71%, 4.06%, 3.66%, and 4.34%, respectively, with a performance benchmark lower limit of 5.52% and a central benchmark of 6.61% [6].

Overall Performance - The average net value growth rate of RMB "fixed income + equity" public wealth management products with a term of 2-3 years over the past year is 3.38%, with a maximum drawdown average of 0.57%. Notably, 52.7% of the products recorded positive returns every month over the past year [4]. Top Performing Products - In the top ten performing products, Beiyin Wealth Management, ICBC Wealth Management, Everbright Wealth Management, and Qingyin Wealth Management each have two products listed, while Hangzhou Bank Wealth Management and Bank of China Wealth Management each have one product. All listed products have a net value growth rate exceeding 6% over the past year [5]. Highlighted Product Analysis - Beiyin Wealth Management's "Jinghua Yuanjian Xinyi Yingjin 61" is a PR2 (medium-low risk) three-year fixed income product. The product's performance benchmark (annualized) was adjusted from 4.5%-5.5% to 2.2%-3.3% for the second investment cycle starting March 26, 2025. The annualized yield during the first investment cycle was approximately 3.23%, which did not meet the lower limit of the previous performance benchmark. Importantly, the product has adjusted its management fee calculation method; from March 26, 2025, if the daily calculated annualized yield is below the lower limit of the performance benchmark or the net value is below 1, the product manager will not charge the fixed management fee for that day [6].

Overall Performance - As of August 21, 2025, there are a total of 2,247 public "fixed income + equity" products with a duration of 1-2 years issued by wealth management companies, with 1,364 products achieving positive returns each quarter over the past year, representing 60% of the total [3] - Among the institutions, Huibin Wealth Management has 2 products with consistent quarterly positive returns, while Jiaoying Wealth Management and Xingyin Wealth Management have over 85% of their products achieving this, with rates of 88.03% and 87.17% respectively. In contrast, Qingyin Wealth Management, Gongyin Wealth Management, BlackRock Jianxin Wealth Management, and Huihua Wealth Management have lower proportions of quarterly positive return products, at 20.69%, 15.56%, 12.50%, and 7.69% respectively [3] Highlighted Product Analysis - Ten products have stood out for their net value growth rates over the past year, coming from six wealth management companies, including Guangda Wealth Management, Hangyin Wealth Management, Nanyin Wealth Management, Xingyin Wealth Management, Zhaoyin Wealth Management, and Xinyin Wealth Management. Hangyin Wealth Management has the most products on the list, with 4, while Guangda Wealth Management has 2, and the others have 1 each [4] - The top-performing product is Hangyin Wealth Management's "Happiness 99 Additive Fixed Income Multi-Asset 540-Day Holding Period," which achieved a net value growth rate of 9.72% over the past year, with a maximum drawdown of less than 1%. The second is Xinyin Wealth Management's "Xinyi 2041 Net Value Type RMB Wealth Management Product," with a net value growth rate of 8.50%. Additionally, four products have yields exceeding 8%, with Guangda Wealth Management's "Sunshine Gold 24M Increment 2" having the lowest maximum drawdown at 0.46% and the highest Calmar ratio [4] - The top-ranked Hangyin Wealth Management product is a level three (medium risk) open-ended net value type product with a minimum holding period of 540 days. Since its establishment at the end of 2022, the product's net value has steadily increased, with a total net value increase of 12.47% since inception and a year-to-date growth rate of 4.35%. The product's asset scale significantly increased in the first half of 2025, reaching 205 million yuan by the end of June, a growth of 128.82% compared to the end of 2024 [4] Asset Allocation - The product primarily allocates to diversified assets, including stocks, bonds, convertible bonds, gold, and US stocks. In the second quarter of 2025, the product reduced its bond asset allocation and increased its holdings in highly liquid money market assets and public funds for higher returns. By the end of the second quarter, the bond asset proportion was only 35.44%, down from over 75% at the end of the first quarter [5] - Cash and bank deposits, interbank certificates of deposit, interbank lending, and repurchase agreements accounted for 40.76% of the total by the end of the second quarter, an increase of 28.96 percentage points from the end of the first quarter. The proportion of public fund holdings also rose to 20.6% by the end of the second quarter [5] - In terms of the top ten holdings, the product reduced its investment in US stock QDII funds and increased its holdings in convertible bond funds and gold ETFs. The demand and capital inflow for gold ETFs were strong in both global and Chinese markets during the second quarter, while the convertible bond market outperformed major stock indices, contributing to the product's returns [5]

Overall Performance - The average net value growth rate of RMB "fixed income + equity" public wealth management products with a maturity of 6-12 months over the past year is 2.99%, with a maximum drawdown average of 0.41% [4] - 34.92% of the products recorded positive returns every month over the past year [4] Top Performing Products - The top product is Minsheng Wealth Management's "Fengguizhu Fixed Income Incremental One-Year Holding Period No. 2A" with a net value growth rate of 5.97% [5] - ICBC Wealth Management's "Hengrui Rising Monthly Heng 300-Day Holding" and Bank of Communications Wealth Management's "Stable Enjoy Flexible Benefit Day Open No. 5 (365-Day Holding Period) Private Banking Exclusive" rank second and third with growth rates of 5.66% and 5.60% respectively [5] - A total of six products achieved returns exceeding 5% over the past year [5] Highlighted Product Analysis - Minsheng Wealth Management's product saw rapid growth during the "9.24" market period, having reduced leverage and duration while increasing allocation to relatively high-quality convertible bond assets [6] - The product currently has a low proportion of equity assets, with stock asset allocation at 1.14% as of the end of Q2 this year, while the majority remains in fixed income assets [6] - ICBC Wealth Management's product has a relatively high internal risk rating of PR3 (medium risk) and benefits from a multi-asset holding strategy, with approximately 30% of public fund holdings and equity asset allocation at 6.38% as of Q3 2024 [6]

Core Viewpoint - The recent performance of the stock market has been strong, surpassing 3700 points, while the bond market has shown increased volatility, indicating a clear stock-bond seesaw effect. Investors are shifting their focus towards the stock market, benefiting certain "fixed income + equity" products, which have shown impressive returns due to the stock market's rise [2][7]. Group 1: Product Performance - The "Yangguang Jin Zengli Le Xiang Ri Kai 1 Hao" product has recently achieved an annualized return of 6.39% over the past month, benefiting from the stock market's upward trend [7]. - The product's equity investment ratio was reported at 4.65% as of June 30, indicating a low exposure to equities, which helps in controlling risk [7][25]. - In the first half of the year, this product outperformed many of its peers, with an average net value growth rate of 1.43%, translating to an annualized return of 2.86% [9][23]. Group 2: Risk and Return Metrics - The product received a score of 73 for performance and 90 for risk control, ranking 29th out of 968 similar products, indicating strong risk management and performance metrics [9][11]. - The product's maximum drawdown since inception was only 0.25%, showcasing its risk control capabilities [17]. - The product's Sharpe ratio stands at 6.40, reflecting a favorable risk-return profile [17]. Group 3: Investment Strategy - The product primarily invests in fixed income assets (80%-100%), with a maximum equity investment of 20%, and a focus on low-volatility preferred stocks and dividend strategies [13][25]. - The use of derivatives, such as government bond futures, is employed for risk hedging, indicating a proactive approach to managing market risks [21][22]. - The product is designed for investors with a moderate risk tolerance seeking slightly higher returns, with a minimum holding period of 30 days [25].

Overall Performance - As of August 7, 2025, there are a total of 2,258 public "fixed income + equity" products with a duration of 3-6 months issued by wealth management companies, with 1,134 products achieving positive monthly returns over the past six months, accounting for slightly over 50% [2] - Among institutions, Schroder and Bank of Communications Wealth Management had all three products achieving positive monthly returns, while Su Yin Wealth Management and Agricultural Bank of China Wealth Management had over 90% of their products with positive returns. In contrast, Chongqing Rural Commercial Bank Wealth Management and Pudong Development Bank Wealth Management had less than 20% of their products achieving positive returns [2] Highlighted Product Analysis - Ten products stood out with the highest net value growth rates over the past six months, coming from seven wealth management companies, with Ping An Wealth Management having the most products listed (3), followed by Pudong Development Bank Wealth Management (2) [2] - The top-ranked product from China Postal Savings Bank Wealth Management achieved a net value growth rate of 4.34% over the past six months, but it also had a high annualized volatility of 2.81%. The second-ranked product from Pudong Development Bank Wealth Management also exceeded a 4% growth rate [3] Product Performance Metrics - The third-ranked product from Xinyin Wealth Management had the highest Calmar ratio, achieving a 3.88% return with a maximum drawdown of only 0.01%. Another product from Ping An Wealth Management also had a high Calmar ratio with a 3.59% net value growth rate and a maximum drawdown of 0.01% [3] - The top product from China Postal Savings Bank is a secondary (medium-low risk) open-ended net value product with a minimum holding period of 180 days. Since its inception, the product's net value has steadily increased, with a total growth of 7.46% and a year-to-date growth rate of 4.36% [3] - The product's asset scale surged to 463 million yuan by the end of June 2025, a 26-fold increase from 16.68 million yuan at the end of the first quarter of 2025, likely due to increased marketing efforts [3] Investment Strategy - The product aims to provide stable and continuous investment returns through asset allocation and fund selection, primarily tracking the China Postal Savings Bank Stable Strategy Fund Index [4]