Core Viewpoint - The banking wealth management companies are shifting towards diversified investment strategies in response to the low interest rate environment, focusing on multi-asset and multi-strategy products to enhance performance and meet investor demands [1][2][4]. Group 1: Investment Strategy Shift - The transition from single bond investments to diversified asset allocation is driven by declining yields on fixed-income products, prompting banks to explore various asset classes [2][3]. - Institutions are increasingly adopting a "multi-asset multi-strategy" approach, incorporating REITs, convertible bonds, equities, and derivatives to create better investment combinations while managing overall volatility [2][3]. - The need for dynamic asset allocation strategies has risen, as static models may fail in rapidly changing market conditions, necessitating regular adjustments based on market dynamics and economic factors [3][6]. Group 2: Focus on Equity Assets - Equity assets are viewed as a crucial component for enhancing overall portfolio returns, with many institutions optimistic about their potential [4][5]. - Predictions for 2026 suggest a rebound in the Producer Price Index (PPI), with expectations that the stock market will outperform bonds, potentially attracting more funds into the A-share market [5]. - Investment strategies include a focus on high-certainty sectors such as technology and AI, while also balancing investments in cyclical value stocks and commodities to mitigate risks associated with overexposure to any single asset class [5][6]. Group 3: Operational Considerations - Wealth management firms are advised to maintain a conservative approach when entering equity markets, ensuring adherence to risk management and return optimization principles [6]. - Collaboration with public funds and brokerages is being explored to enhance investment capabilities, allowing banks to participate in new stock inquiries and strategic placements to diversify their investment tools [6].