Core Viewpoint - The recent fluctuations in the bond market and the stock market surpassing 3500 points have led to increased attention on the short-term yields of certain "fixed income + equity" products, particularly the "YouSheng·HongJin Short-term Holding 7 Days No.3 ESG Preferred A" product from Postal Savings Bank, which has seen significant sales and performance metrics [1][4]. Group 1: Product Performance - The product achieved an annualized yield of 7.92% over the past month, with a notable increase in net value around June 25, coinciding with a strong performance in the stock market [4][10]. - In the first half of the year, the average net value growth rate of the "YouSheng·HongJin Short-term Holding 7 Days" series was 1.66%, translating to an annualized rate of approximately 3.32% [7]. - The product scored 64 points for yield performance and 99 points for risk control, ranking 43rd, 653rd, 208th, and 357th in various categories among 786 similar products, achieving an overall score of 66, outperforming 92.62% of its peers [7][10]. Group 2: Investment Strategy - This product is characterized as an ESG-focused financial product, primarily investing at least 80% of its total assets in fixed income assets, with a maximum of 20% in equity assets, including mixed funds [10][18]. - The investment strategy emphasizes a cautious approach, with a significant allocation of 52.32% in cash and bank deposits, and 35.56% in bonds, indicating a conservative investment stance [15][16]. - The product also employs market-neutral strategies to hedge against market risks while favoring preferred stocks in its equity investments [15][18]. Group 3: Market Context - The overall management scale of Zhongyou Wealth Management reached approximately 999.24 billion yuan, with fixed income products dominating the portfolio, accounting for 92.83% of the total number of products and 95.94% of the total scale [16]. - The average yield for fixed income products in 2024 was reported at 3.55%, ranking 9th among 30 wealth management companies, while mixed products had a lower average yield of 2.42% [16].