Core Insights - The evaluation of asset management institutions focuses on product competitiveness, operational competitiveness, and compliance, with product performance being the most critical factor [1] - The analysis highlights the strong performance of Ping An's fixed income products, particularly the "Qiyuan Series," which has achieved a 100% performance compliance rate and an average annualized return of 3.98% [2][4] Group 1: Product Competitiveness - The "Qiyuan Series" has demonstrated stable performance, with the "Qiyuan Strategy One-Year Open 5A" product achieving a 2024 annualized return of 5.39% and a volatility of 1.07% [2] - The investment strategy incorporates a strong trading capability through a self-developed quantitative model, allowing for effective capital gain opportunities in bond markets [4][11] - The "Qiyuan Summer Tree" series enhances returns by integrating convertible bonds and ETF strategies, aiming for greater yield elasticity [11] Group 2: Investment Management Model - Ping An has adopted an "industrialization + platformization" investment management model to adapt to the low-interest-rate environment, allowing for efficient integration of resources and strategies [5] - This model enables a modular production approach, where different strategies are developed and combined flexibly to meet investment goals [5] - The focus remains on enhancing returns while controlling drawdowns, maintaining a strategic commitment to providing stable investment experiences [6] Group 3: Market Position and Future Outlook - The "Qiyuan Series" and "Qiyuan Enhanced Stable Income" series have shown strong performance, with the latter achieving a net value growth rate of 6.11% since inception [9] - Ping An plans to upgrade its product branding with the "An+ Xin Stable and Long-term" system, which includes various product lines targeting different asset classes [9] - The company aims to provide a balanced approach to fixed income and equity investments, ensuring stable returns for investors in fluctuating markets [12]

Core Viewpoint - The article discusses the performance of "fixed income + equity" financial products set to mature in October 2025, highlighting the average annualized yield and the standout performance of specific products, particularly from Ping An Wealth Management [4][5]. Group 1: Product Performance - In October 2025, a total of 66 "fixed income + equity" products from 9 wealth management companies are set to mature, with an average annualized yield of 2.97% [4]. - The top-performing product, "Qiyuan Xiashu Closed No. 2," from Ping An Wealth Management, boasts an annualized yield of 4.76%, making it the only product in this category to exceed 4% [4][5]. Group 2: Investment Strategy - The "Qiyuan Xiashu Closed No. 2" product primarily invests in fixed income assets, with at least 80% allocated to debt instruments, supplemented by convertible bonds and ETF strategies to enhance overall yield [5][7]. - The product employs a machine learning quantitative trading model to capture capital gains, aiming for faster trading responses and yield enhancement [7][8]. Group 3: Series Overview - The "Qiyuan" series is part of Ping An Wealth Management's "Qiyuan Four Seasons" product line, which targets absolute returns through a combination of various strategies tailored to different market conditions [8][9]. - The series includes sub-series focusing on different asset strategies, such as commodity, convertible bonds, and overseas interest rates, aiming to provide a balanced risk-return profile [8][9]. Group 4: Company Strategy - Ping An Wealth Management emphasizes a multi-asset, multi-strategy investment management model, aiming to enhance its asset allocation capabilities and achieve an average annualized yield of 3.46% over the past three years, positioning itself among industry leaders [9]. - The company has recently upgraded its product branding to "An+Xin Stable and Far-reaching," reflecting its commitment to providing stable, liquid, and value-adding financial products for investors [9].