数据说明： 产品统计范围为理财公司权益类理财公募产品，统计截止日期为2025年11月20日，统计区间为近3个 月。 近3个月（8月21日-11月20日，下同）A股震荡走强，其中创业板指涨16.67%，深证成指、上证指数分 别涨8.84%、4.38%。近期看来，10月底上证指数在多次突破4000点后震荡下挫。 近期板块轮动加快。以申万行业指数为例，近3个月煤炭（申万一级）涨超9%，居31个申万一级行业指 数涨幅第六。但从近1个月看，该指数跌超2%，跌幅第三。再如，近3个月贵金属（申万二级）近3个月 涨超25%，居31个行业指数涨幅第七。但从近1个月看，该指数跌超4%，跌幅居前。 权益类理财产品上，南财理财通数据显示，截至11月20日，近3个月，理财公司权益类公募理财产品净 值增长率均值为7.26%，48只样本产品均上涨，其中中银理财"慧富权益类红利策略180天持有期A"、华 夏理财"天工日开理财产品2号(数字基础设施指数)"、光大理财"阳光红基础设施公募REITs优选1号"近3 个月净值增长率不到1%，产品收益率垫底。 本期榜单共有5家理财公司上榜。其中，光大理财、华夏理财各上榜3只，信银理财上榜2只，招银理 ...

Core Insights - The report focuses on the performance of three types of investment products: "Fixed Income + Equity," mixed, and equity products [1] Group 1: Overall Performance - The average net value growth rate for "Fixed Income + Equity" public investment products with a 2-3 year investment period is 3.11%, with an average maximum drawdown of 0.64% over the past year [6] - Among 743 products in this category, 75.91% achieved positive returns in every quarter over the past year [6] Group 2: Highlighted Product Analysis - The top three performing products in the "Fixed Income + Equity" category are: 1. "京华远见鑫益盈金61号" by 北银理财 with a net value growth rate of 8.66% 2. "璀璨人生成就系列（共享）2022年280期" by 青银理财 with a growth rate of 7.43% 3. "幸福99丰裕固收多资产23005期" by 杭银理财 with a growth rate of 7.30% [7] Group 3: Mixed Product Performance - The average net value growth rate for mixed public investment products with a holding period of less than 3 months is 1.51% [12] - The top three products in this category are: 1. "富利兴成阿尔法一个月持有期2号A" by 兴银理财 with a growth rate of 11.87% 2. "富利兴易智享量化指增3个月最短持有期1号A" by 兴银理财 with a growth rate of 10.39% 3. "兴睿优选进取" by 兴银理财 with a growth rate of 7.54% [12] Group 4: Equity Product Performance - The average net value growth rate for equity investment products over the past year is 18.93%, with a maximum drawdown of 13.27% [16] - Notable products include: 1. "天工日开6号（微盘成长低波指数）" by 华夏理财 with a growth rate of 63.85% 2. "天工日开2号（数字基础设施指数）" by 华夏理财 with a growth rate of 44.19% 3. "天工日开5号（AI算力指数）" by 华夏理财 with a growth rate of 41.14% [16]

Core Insights - The report focuses on the performance of three categories of wealth management products: "Fixed Income + Equity," mixed-type, and equity-type products, highlighting their returns and risk metrics over specified periods [1][6][13]. Group 1: Performance Overview - As of July 3, 2025, the average net value growth rate for "Fixed Income + Equity" products over the past year is 3.04%, with an average maximum drawdown of 0.37%. Notably, 88.46% of these products achieved positive quarterly returns throughout the year [6]. - For mixed-type public wealth management products with a 1-3 year investment horizon, the average net value growth rate is 3.66%, with a maximum drawdown of 1.31%. Among these, 31.25% of products exceeded a 4% growth rate, and four products surpassed 10% [13]. - Equity-type public wealth management products have shown an average net value growth rate of 5.13% over the past six months, with a maximum drawdown of 10.75%. Only two out of 36 sample products reported negative performance [16]. Group 2: Highlighted Products - The top-performing products in the "Fixed Income + Equity" category include: - Hangyin Wealth's "Happiness 99 Abundant Fixed Income Multi-Asset (Balanced Preferred FOF) 742 days" with a net value growth rate of 7.54% [8]. - Hangyin Wealth's "Happiness 99 Added Income Fixed Income Multi-Asset 540 days" with a growth rate of 7.47% [8]. - Beiyin Wealth's "Jinghua Vision Infrastructure Public REITs Jingpin No. 1" with a growth rate of 7% [8]. - The performance of these products is primarily supported by fixed income asset yields, supplemented by a small allocation to equity funds, convertible bond funds, and public REITs [7]. - In the mixed-type category, notable products include: - Ningyin Wealth's "Ning Win Individual Stock Selection No. 2" with a growth rate of 13.06% [10]. - Ningyin Wealth's "Ning Win Long Triangle Development" with a growth rate of 11.67% [10]. - In the equity-type category, the standout product is "Tian Gong Ri Kai 8" (Precious Metals Index) with a leading growth rate of 25% [16].

Core Insights - The report focuses on the performance of three types of investment products: "Fixed Income + Equity," Mixed, and Equity products, with data collected until June 19, 2025 [1][6][16]. Group 1: Overall Performance - As of June 19, the average net value growth rate for "Fixed Income + Equity" public investment products with a duration of 3-6 months is 1.23%, with an average maximum drawdown of 0.18% [6]. - Among 1,421 products with disclosed performance, only 3 reported negative returns in the past six months, indicating a low failure rate [6]. - The percentage of products achieving positive monthly returns is 62.63% within the "Fixed Income + Equity" category [6]. Group 2: Highlighted Product Analysis - The top-performing product in the "Fixed Income + Equity" category is Hangyin Wealth's "Happiness 99 Hongyi (Double Bond Enhancement) 100-Day Holding Period," with a net value growth rate of 6.04% over the past six months [7][8]. - The second and third positions are held by "April Xin Shortest Holding Period No. 5 A" from Puyin Wealth at 4.54% and "Flexible Growth Profit Launch 180-Day Holding No. 2 D" from Ping An Wealth at 3.63% [7][8]. Group 3: Mixed Product Performance - The average net value growth rate for mixed investment products with a duration of 3-6 months is 1.61% [12]. - The top product in this category is "Xinghe Huijing No. 1" from Xingyin Wealth, achieving a net value growth rate of 9.83%, but it also has a high maximum drawdown of 10.28% [12][10]. Group 4: Equity Product Performance - The average net value growth rate for equity public investment products over the past six months is 3.53%, with a maximum drawdown average of 10.91% [16]. - Notably, 16.67% of equity products reported negative returns, with the largest decline seen in "Tiangong Daily Open No. 7 (Home Building Materials Index)" from Huaxia Wealth, which fell over 8% [16]. Group 5: New Product Launches - A new equity product launched in June is "Shengxin Junzhi Private Banking Enjoyment Dividend Selected Quantitative No. 1" from Goldman Sachs Industrial Bank, with a fundraising scale of 36.018 million yuan [17].