Core Viewpoint - The recent performance of the "fixed income +" products, particularly the Bank of China APP's multi-asset allocation product, is evaluated amidst market fluctuations, with a focus on its returns and risk management [1][4]. Group 1: Product Performance - The product, established in Q4 2022, has shown an annual return of 2.99% in 2023 and is expected to achieve 4.21% in 2024 due to favorable bond market conditions [4]. - Since its inception, the annualized return stands at 3.64%, which is considered low given the expectation for higher returns from equity investments [4]. - The product's net value increased significantly at the end of September last year, benefiting from the stock market's performance despite a downturn in the bond market [4]. Group 2: Risk and Evaluation - The product received a score of 50 for returns, 95 for risk control, 26 for risk-adjusted returns, and 86 for overall fee rate, ranking it 208th, 360th, 372nd, and 218th respectively among 656 similar products [7]. - The overall score of 66 indicates that it outperformed 55.79% of similar financial products [7]. Group 3: Comparative Analysis - A previously evaluated product from China Merchants Bank, which had an annualized return of 8% shortly after its launch, has seen a decline to 5.83% recently, highlighting the potential for exaggerated short-term performance in newly established products [7]. - Another product from Agricultural Bank, which benefited from stock market conditions, achieved a return of 10.41% in the last three months but has since stabilized with an annualized return of 2.64% [8].