2026年开年，保险资管产品交出了一份亮眼的成绩单。 尽管固收类产品凭借稳健表现成为"压舱石"，但真正的业绩亮点却集中在含权类产品上。据同花顺数据显示，截 至2月25日，今年以来区间收益率排名前10位的产品，区间涨幅在14.50%至63.84%之间，其中权益类产品占据一 半以上。上榜机构包括中信保诚资管、阳光资产、泰康资产等。 Wind数据显示，截至2月24日，今年以来已披露最新净值的1602只保险资管产品中，实现区间正收益的产品占比 高达93.2%，其中近20只权益类产品收益率突破10%。在固收收益率持续承压的背景下，权益类资产正成为保险资 管机构增厚收益的关键抓手。 多位业内专家在接受采访时指出，这一"开门红"并非偶然，而是低利率环境倒逼、监管政策引导、资本市场回暖 多重因素共振的结果，更折射出低利率时代下，保险资金这一"耐心资本"正加速从"稳健防御"向"价值进攻"转变 的配置逻辑。 谁最赚钱、谁在掉队？ 固收托底，含权类成亮点 近年来，保险资管公司所管理的资金是险资重要组成部分，在支持资本市场和稳定经济方面，正逐渐成为一股不 可忽视的力量。 记者留意到，今年以来，保险资管产品业绩呈现鲜明的结构性特征。W ...

展望后市，华泰证券在研报中预计，2026年险资仍将积极入市，二级权益类仓位将继续上升，但上升幅 度将较2025年有所收敛，二级权益和债券的配置将较2025年更为均衡。此外，业内人士表示，保险资管 机构将继续加强对科技创新、新质生产力等重点领域优质上市公司的跟踪和挖掘。 数据显示，截至2月24日，今年以来已披露最新净值的保险资管产品共有1602只，其中今年以来实现区 间正收益的产品占比高达93.2%。 分类型来看，固收类保险资管产品仍占据较多席位，业绩表现整体较为稳健，在1098只固收类产品中， 有1038只产品今年以来实现正收益；权益类保险资管产品有269只，今年以来有245只产品实现正收益； 混合类保险资管产品有220只，今年以来有195只产品实现正收益。 （来源：财闻） 在1098只固收类产品中，有1038只产品今年以来实现正收益。 ...

证券保险ETF鹏华紧密跟踪中证800证券保险指数，中证800证券保险指数是在中证800指数的基础上， 选择证券保险行业内对应的证券作为指数样本，为投资者提供更多样化的投资标的。 数据显示，截至2026年1月30日，中证800证券保险指数(399966)前十大权重股分别为中国平安、东方财 富、中信证券、国泰海通、中国太保、华泰证券、中国人寿、新华保险、广发证券、招商证券，前十大 权重股合计占比65%。 MACD金叉信号形成，这些股涨势不错！ 消息面上，截至2月24日，今年以来已披露最新净值的保险资管产品共有1602只，其中今年以来实现区 间正收益的产品占比高达93.2%。从产品类型看，权益类保险资管产品收益表现亮眼，有近20只产品今 年以来区间收益率超10%。 国金证券指出， 2026年及中长期资负两端基本面呈向好趋势，存款搬家及市占率提升之下上市公司负 债端维持高景气，投资受益于市场上涨以及长债利率企稳，强贝塔及顺周期属性共同作用，估值提升仍 有空间，积极看好。重点推荐开门红表现较好，以及业务质地较好(负债成本低、资负匹配情况较好)的 头部险企。 截至2026年2月25日 13:13，中证800证券保险指数( ...

一、交易提示 数据显示，截至2月24日，1602只披露净值的保险资管产品中，今年以来正收益占比达93.2%，其中近20只权益类产品收益 率超10%。展望后市，机构表示将继续深耕科技创新、新质生产力等重点领域，挖掘优质上市公司，把握产业升级带来的 长期配置机遇。 A股迎来马年开门红,三大指数节后集体上涨。截至收盘,沪指涨0.87%,报4117.41点,深成指涨1.36%,报14291.57点,创业板指涨 0.99%,报3308.26点,科创50指数跌0.34%,报1465.37点。沪深两市合计成交额22020.62亿元。市场超4000只个股上涨,其中109 只个股涨停。 二、基金要闻 （1）02月24日新发基金共有32只，主要为混合型基金和股票型基金，其中华夏中证电池主题ETF募集目标金额达80.00亿 元；基金分红18只，多为ETF联接基金，派发红利最多的基金是天弘中证央企红利50指数型发起式证券投资基金，每10份 基金份额派发红利0.1000元。 （2）春节前后公募"红包雨"不断，截至2月24日，年内已有超730只基金发布分红方案，累计金额超367亿元。多只沪深 300、中证500等宽基ETF单次派现超10 ...

（文章来源：中国证券报） Wind数据显示，截至2月24日，今年以来已披露最新净值的保险资管产品共有1602只，其中今年以来实 现区间正收益的产品占比高达93.2%。从产品类型看，权益类保险资管产品收益表现亮眼，有近20只产 品今年以来区间收益率超10%。展望后市，业内人士表示，保险资管机构将继续加强对科技创新、新质 生产力等重点领域优质上市公司的跟踪和挖掘。 ...

权益类产品业绩表现亮眼 在今年以来已披露最新净值的1602只保险资管产品中，实现正收益的产品超九成。 分类型来看，固收类保险资管产品仍占据较多席位，业绩表现整体较为稳健，在1098只固收类产品中， 有1038只产品今年以来实现正收益；权益类保险资管产品有269只，今年以来有245只产品实现正收益； 混合类保险资管产品有220只，今年以来有195只产品实现正收益。 ● 本报记者 石诗语 Wind数据显示，截至2月24日，今年以来已披露最新净值的保险资管产品共有1602只，其中今年以来实 现区间正收益的产品占比高达93.2%。从产品类型看，权益类保险资管产品收益表现亮眼，有近20只产 品今年以来区间收益率超10%。展望后市，业内人士表示，保险资管机构将继续加强对科技创新、新质 生产力等重点领域优质上市公司的跟踪和挖掘。 截至2月24日，今年以来，区间收益率排名前10位的产品中有6只产品属于权益类，其余属于混合类。含 权类保险资管产品近期的高收益率主要得益于年初的市场回暖，具有一定的阶段性特征。其收益波动受 权益市场影响较大，2月以来随着部分板块的阶段性回调，含权类保险资管产品收益率也随之下行。 "今年年初，科技成 ...

Group 1 - The market is increasingly focused on the "deposit maturity wave," with estimates suggesting that the scale of household deposits maturing in 2026 could reach several tens of trillions of yuan [1][2] - The question of where these large-scale deposits will flow is critical, impacting both individual financial security and the funding sources for the real economy [1][2] - The financial services provided to the real economy will not diminish with deposit maturities, as funds will still flow to the economy, albeit potentially with different timeframes [2][3] Group 2 - Financial institutions, particularly wealth management firms, need to deeply analyze and segment the diverse needs of depositors, as different demographics have varying risk preferences and financial goals [3] - There is a pressing need for financial products to better match the diverse needs of depositors, moving away from a one-size-fits-all approach to more tailored solutions [3] - Financial institutions can innovate by creating structured deposit products linked to derivatives, and by establishing comprehensive service platforms that allow depositors to access a variety of financial products in one place [3]

Core Viewpoint - The discussion around the "deposit maturity wave" is gaining traction, with estimates suggesting that the scale of household deposits maturing in 2026 could reach several tens of trillions of yuan, raising questions about where these funds will flow next [1][2]. Group 1: Impact on Household Finances - The movement of household deposits is crucial as it directly affects the financial well-being of individuals, serving as a safeguard against unpredictable risks and fulfilling daily living needs [1]. - Individuals have various options for fund allocation beyond traditional deposits, including bank wealth management products, mutual funds, insurance asset management products, and direct investments in capital markets, depending on their expected returns and risk preferences [1]. Group 2: Financial Services and Economic Impact - Household deposits are a key source of funding for financial services to the real economy, with banks utilizing these deposits to provide loans to borrowers, thereby facilitating capital flow and resource optimization [2]. - The maturity of deposits does not necessarily weaken the financial support for the real economy, as funds can still flow indirectly or directly to meet the financial needs of the economy, albeit with potential differences in funding duration [2]. Group 3: Financial Product Innovation - Financial institutions, particularly wealth management firms, need to deeply analyze and segment the diverse needs of depositors, as different demographics and risk appetites lead to varying requirements [3]. - Current wealth management products targeting depositors are predominantly low to medium-risk fixed-income products, which often suffer from homogenization, highlighting the need for more tailored offerings [3]. - Financial institutions can innovate by creating "structured deposit" products linked to derivatives, which can meet depositors' capital preservation needs while also catering to their desire for higher returns [3]. - Additionally, establishing a one-stop financial service platform, or "wealth management supermarket," can streamline the investment process for depositors, allowing them to access a variety of financial products that meet their comprehensive needs [3].

Core Viewpoint - The Financial Regulatory Administration has issued the "Management Measures for Information Disclosure of Asset Management Products by Banking and Insurance Institutions," marking a significant institutional innovation in the information disclosure of asset management products, aiming to protect investors' rights and enhance transparency in the industry [1][2]. Group 1: Regulatory Framework - The new measures unify the information disclosure standards for asset management trust products, wealth management products, and insurance asset management products, addressing the lack of a dedicated regulatory framework and inconsistent standards across different products [2][3]. - The measures will take effect on September 1, 2026, allowing an 8-month transition period for institutions to adjust their product documentation and systems [1]. Group 2: Disclosure Requirements - The measures differentiate between public and private products, imposing stricter disclosure requirements on public products to enhance transparency while allowing private products to respect contractual agreements [3]. - A "1+3" disclosure rule system will be established, encouraging the formulation of self-regulatory norms tailored to the characteristics of each product type [3]. Group 3: Lifecycle Disclosure - The measures mandate comprehensive disclosure throughout the entire lifecycle of asset management products, including fundraising, ongoing management, and termination phases, to ensure transparency and reduce information asymmetry [4]. Group 4: Dual Channel Disclosure - Public products are required to disclose information through at least one unified industry channel and, as per investor agreements, through mainstream financial media or other channels, enhancing information accessibility and reducing costs for investors [5][6]. Group 5: Performance Benchmark Regulations - The measures restrict adjustments to performance benchmarks, requiring product managers to adhere to internal approval processes for any necessary changes and to disclose historical adjustments in regular reports [7][8]. - This regulation aims to stabilize performance benchmarks as reliable reference points for investors, promoting rational decision-making and accountability among asset management institutions [7][8].

Core Viewpoint - The article emphasizes the importance of information disclosure in protecting the rights of financial consumers, particularly regarding asset management products, through the newly released regulatory framework by the National Financial Regulatory Administration [1][2]. Group 1: Information Disclosure Standards - The regulatory approach advocates for a unified standard for information disclosure across similar financial products, ensuring fair competition and protection of investor rights [2]. - Prior to the new regulations, there was no dedicated information disclosure system for asset management trust products, wealth management products, and insurance asset management products, leading to inconsistent standards [2]. Group 2: Product Lifecycle Disclosure - During the product fundraising phase, financial institutions must clearly communicate the investment areas, operational methods, and risk levels associated with the product to investors [2][3]. - In the product operation phase, investors need to be informed about net value changes, profit and loss performance, and investment asset status, allowing them to adjust their investment strategies accordingly [3]. - At the product termination phase, financial institutions are required to disclose key information such as fee structures, profit distribution, and remaining asset allocation to ensure investors understand their returns [3].