Overall Performance - As of October 30, there are 173 public "fixed income + options" wealth management products with an average net value growth rate of 3.11% and an average maximum drawdown of 0.39% over the past six months [5] - All products achieved positive returns in the last six months, with only two products having a net value growth rate below 1%, specifically Everbright Wealth's "Sunshine Qingrui Ying No. 8" and Huihua Wealth's "Trend Guide Closed Fixed Income Product No. 001," with growth rates of 0.99% and 0.21% respectively [5] - The top ten products include four from China Merchants Bank Wealth Management, two from Xingyin Wealth Management, two from Jiaoyin Wealth Management, and one each from Ping An Wealth Management and ICBC Wealth Management [5] Highlighted Product Analysis - The top product, China Merchants Bank Wealth Management's "Zhaorui Global Asset Momentum Two-Year Open No. 11 A," has a performance benchmark of 0.70% to 7.70% and a risk rating of PR2 [6] - The investment strategy focuses on fixed income assets and options linked to the China Merchants Bank Global Asset Momentum Index (MMA Index), utilizing European call spread options [6] - As of the end of Q3 2025, the product's total share is 41.892 million, with annualized returns exceeding the upper limit of the performance benchmark for the last three and six months, at 12.02% and 8.06% respectively [6][7] Investment Strategy - In Q3, the product's fixed income assets were primarily allocated to non-standardized assets held to maturity and some mismatched ABS assets and bonds, without using leverage [7] - The MMA Index recorded a positive absolute return of 4.13% in Q3 2025 and a year-to-date absolute return of 7.88% [7]