往后看，国内货币宽松大环境不变，低利率也有进一步深化的可能，存款、债券等底层资产收益的下 降，将带来广义固收类产品持有体验的进一步下滑。 居民或许正在慢慢走出长期固收类资产的舒适圈，转向对股市的关注度，在符合风险承受能力的前提 下，或许可以考虑适应包含权益资产的净值型产品。这个大趋势，我们相信是财富市场的发展路径。 今天的权益市场经历一波调整，短期可能维持震荡。结构方面，在符合风险承受能力的前提下，可以考 虑灵活做高低切，谨慎追高估值过贵、拥挤度较高的资产，转向阶段性落后、但具备政策支持、长期发 展空间良好的板块，比如科技就是我们比较关注的领域之一。（数据来源：Wind，2025.6.19，上证指 数下跌0.79%） 昨天的2025陆家嘴论坛上提到：从金融资产配置比例看，当前中国家庭的现金和储蓄占比超过一半，远 高于OECD国家约1/3的平均水平。（资讯来源：Wind） 现实情况是，以往通过储蓄可能确实能够获得还不错的资产增值，但随着近年来我国利率环境呈下降趋 势，央行多次实施降息操作，降低政策利率，市场利率也在下降。投资者偏好的财富管理方式，如存款 的利率已降至非常低的水平。 居民财富或正面临"去舒适区"— ...

Group 1 - A total of 36 new funds were launched this week, including equity, mixed, QDII, and other types, from 26 fund companies such as Huatai-PineBridge, ICBC Credit Suisse, and Bosera [1][3] - Among the new funds, 13 are equity funds, 11 are mixed funds, 10 are bond funds, 1 is a FOF fund, and 1 is an international (QDII) fund, with equity and mixed funds accounting for 66.7% of the total [1] Group 2 - The top fund managers include Huatai-PineBridge, ICBC Credit Suisse, and Huafu, each launching 3 products, while others like Bosera and CMB have launched 2 products each [3] - Notable fund managers participating in the equity funds include Yin Hao from Bosera and Jiao Wenlong from ICBC Credit Suisse, focusing on popular sectors such as the Sci-Tech Innovation Board and innovative pharmaceuticals [4] Group 3 - 11 mixed funds were launched, with subscription thresholds as low as 1 yuan, and performance benchmarks including indices related to China's strategic emerging industries and the Hang Seng Index [6] - The mixed fund managers include veterans like Zhu Hongyu from CMB and younger managers like Nong Bingli from Invesco Great Wall [6] Group 4 - 10 bond funds were issued this week, including mixed secondary bond funds and pure bond funds, providing various options for investors based on their risk preferences [8] - The bond funds include products like Pengyang Heli A and Huisheng Hesheng Pure Bond, with subscription thresholds starting at 1 yuan [9] Group 5 - A QDII fund was launched after a 10-week hiatus, focusing on the Hang Seng Technology Index, with a subscription starting at 1 yuan and a performance benchmark tied to the index [10]