Core Insights - The article highlights the performance of equity public funds in China, with significant growth in net value and a notable number of products achieving positive returns over the past year [4]. Group 1: Performance Metrics - The average net value growth rate for equity public funds over the past year is 28.74%, with an average maximum drawdown of 12.85% [4]. - The top-performing product, "Tian Gong Ri Kai 6 Hao (Micro Plate Growth Low Volatility Index)" from Huaxia Wealth Management, achieved a net value growth rate of 71.69% [4]. - Other notable products include "Tian Gong Ri Kai 5 Hao (AI Computing Power Index)" and "Tian Gong Ri Kai 2 Hao (Digital Infrastructure Index)" with growth rates of 62.49% and 53.60%, respectively [4]. Group 2: Market Trends - As the equity market strengthens, there is a rising interest in index investments, prompting several wealth management companies to launch new indices [5]. - Recent launches include the "Zhongxin-招商银行理财SMARP稳健" index aimed at capturing multi-asset opportunities and the "Zhongxin-华夏理财公募REITs精选" index focusing on REITs categorized by asset type [5]. Group 3: Product Status - Despite the positive performance, 37.5% of the equity public funds are still in a state of loss, indicating a mixed performance landscape [4]. - Specific products in this category include "Yangguang Hong New Energy Theme A" and "Yangguang Hong ESG Industry Selected" from Everbright Wealth Management, which are among those with lower performance [4].

Core Insights - The report highlights the performance of equity public wealth management products, with a focus on net value growth rates and maximum drawdowns over the past year [5]. Group 1: Performance Metrics - The average net value growth rate for equity public wealth management products over the past year is 24.18%, while the average maximum drawdown is 13.01% [5]. - Among the 35 sample products, only two, "阳光红卫生安全主题精选" from 光大理财 and "工银财富系列工银量化理财-恒盛配置" from 工银理财, reported negative net value growth rates [5]. Group 2: Top Performing Products - "天工日开6号(微盛成长低波指数)" from 华夏理财 leads the ranking with a net value growth rate of 60.37% [3]. - Other notable products include "天工日开3号(先进农业指数)" and "天工日开2号(数字基础设施指数)" with growth rates of 50.43% and 45.49%, respectively [5]. - 华夏理财's index strategy equity products dominate the top four positions in the ranking [5].

Core Viewpoint - The performance of equity bank wealth management products has been outstanding this year, with a significant number of products achieving positive annualized returns, driven by a strong capital market and supportive policies [1][2][3]. Group 1: Performance of Equity Wealth Management Products - As of August 3, 2023, out of 46 publicly offered equity wealth management products, 43 have positive annualized returns, representing a 93.48% success rate [2]. - Among the profitable products, 17 have returns exceeding 10%, accounting for 39.53% of the total [2]. - The top-performing product, "Tiangong Rikai 6 (Microplate Growth Low Volatility Index)," managed by Huaxia Wealth Management, achieved a remarkable annual return of 30.51% [2]. Group 2: Market Trends and Future Outlook - The overall market for bank wealth management products reached a scale of 30.67 trillion yuan by the end of June 2025, with fixed income products dominating at 29.81 trillion yuan [4]. - Despite the strong performance of equity products, their market share remains low, with equity products only accounting for 0.07 trillion yuan [4]. - Industry experts predict a gradual expansion of equity wealth management products, driven by policy support and improved market conditions [5]. Group 3: Investment Strategies and Recommendations - The current low interest rates on bonds are expected to lead to a shift in investor preference towards equity assets, enhancing the appeal of equity wealth management products [3][5]. - Financial institutions are encouraged to strengthen their research capabilities and innovate product offerings to meet evolving market demands [4][5]. - A strategic approach to investment is recommended, including assessing risk tolerance and diversifying asset allocation based on investment horizons [6].

Core Insights - The report focuses on the performance of three types of investment products: "Fixed Income + Equity," mixed-type, and equity-type financial products [1] - The data covers products with different investment cycles and performance metrics, highlighting the average net value growth and maximum drawdown for each category [2] Group 1: Overall Performance - As of July 24, the average net value growth rate for "Fixed Income + Equity" public financial products over the past year is 4.12%, with an average maximum drawdown of 0.99% [6] - 72.13% of the "Fixed Income + Equity" products achieved positive returns each quarter over the past year, with notable products from state-owned banks leading the rankings [6] - The top three performing products in this category are from 工银理财, 农银理财, and 中邮理财, with net value growth rates of 6.17%, 5.61%, and 5.12% respectively [6] Group 2: Highlighted Product Analysis - 中邮理财's "邮银财富添颐·鸿锦封闭式系列2022年第2期养老理财" is a low-risk fixed income product with a significant allocation to non-standard assets, comprising 46.2% of its total assets [7] - The investment manager anticipates a downward trend in bond rates, while equity investments are expected to be influenced by various geopolitical and economic factors [7] - The mixed-type public financial products have shown a net value growth rate of 2.63% over the past six months, with 兴银理财's "兴合汇景1号" and 宁银理财's "宁赢平衡增利智能制造5号" exceeding 10% growth [12][13] Group 3: Equity Market Performance - As of July 28, the Shanghai Composite Index has increased by 4.46% in July, reflecting a strong equity market [12] - The average net value growth rate for equity public financial products over the past six months is 11.65%, with 37 sample products recording positive returns [17] - The top-performing product in this category is 华夏理财's "天工日开6号," achieving a net value growth rate of 26.92% [17]