Core Viewpoint - The article highlights the performance of public wealth management products with a "fixed income + equity" strategy over a 2-3 year investment period, showcasing those that achieved positive returns in the past year, with a focus on specific products that exceeded a 5% net value growth rate [4]. Group 1: Performance Summary - As of May 29, 2025, six products in the "fixed income + equity" category achieved a net value growth rate of over 5% in the past year [4]. - The top-performing products include "璀璨人生田园系列(共享)2023年001期" and "璀璨人生成就系列(共享)2022年280期," with growth rates of 6.01% and 5.02%, respectively [4]. - The listed products demonstrated stable performance, with maximum drawdowns generally below 2% [4]. Group 2: Product Analysis - The "璀璨人生田园系列(共享)2023年001期" is a secondary (medium-low risk) closed-end fixed income product with a benchmark performance of 5.4% (annualized) and a three-year lock-up period [5]. - This product primarily invests in fixed income assets, supplemented by equity assets, utilizing strategies such as asset allocation, equity timing, and sector rotation to enhance returns and reduce volatility [5]. - As of the end of Q1 2025, approximately 90% of the product's holdings were in fixed income, focusing on non-standard assets and bonds with medium to high credit ratings [5]. Group 3: Market Strategy - In Q4 2024, the product increased its allocation to Hong Kong stock ETFs, with a holding percentage of 9.36% by the end of 2024, benefiting from the rise of the Hang Seng Technology Index [6]. - The financial sector's stocks have been a significant driver of the product's net value growth, particularly in a low-interest-rate environment [6]. - 青银理财 has actively innovated its product offerings, launching a series of fixed income products with embedded options in March 2025 to capture market opportunities and enhance yield flexibility [6].