Overall Performance - As of December 25, 2025, there are 128 mixed public wealth management products with an investment period of 3-6 months, showing an average net value growth rate of 2.97% over the past six months, with an average maximum drawdown of 0.94% [5] - 29 products have a net value growth exceeding 5%, while over 60% of the products have a growth rate between 1% and 5%, totaling 82 products; 17 products have a growth rate below 1% [5] - Ningyin Wealth Management and Hangyin Wealth Management have performed exceptionally well, with average net value growth rates of 8.49% and 7.60% respectively over the past six months [5] Highlighted Product Analysis - From June to December 2025, the gold ETF market experienced a strong upward trend, with several gold ETFs, such as Huaan Gold ETF and Bosera Gold ETF, showing a net value growth rate exceeding 30% [7] - The convertible bond market also performed well, driven by technology and growth stocks, with Bosera CSI Convertible Bond and Exchangeable Bond ETF rising by 15.93% year-to-date as of November 21, significantly outperforming pure bond indices and high-yield bond ETFs [7] - Hangyin Wealth Management's "Happiness 99 Excellent Mixed (Diverse Constant Profit) 180-day Holding Period" and "Happiness 99 Excellent Mixed (State-owned Enterprise Dividend Selected FOF) 100-day Holding Period" ranked third and fourth, with net value growth rates of 8.68% and 8.06% respectively, benefiting from the strong performance of the convertible bond market and gold sector [7][8] Product Details - "Happiness 99 Excellent Mixed (Diverse Constant Profit) 180-day Holding Period" has investments covering fixed income, equity, and gold, with equity investments and public fund holdings accounting for 27.95% and 23.64% respectively at the end of Q3; the top ten assets include convertible bond ETFs, gold ETFs, index funds, and stocks [8] - The product currently has a leverage level of 101.97%, with plans to increase leverage to enhance returns if funding rates are reasonable [8] - "Happiness 99 Excellent Mixed (State-owned Enterprise Dividend Selected FOF) 100-day Holding Period" has a public fund holding ratio of 47.04% at the end of Q3, maintaining a high gold position; its top ten assets include convertible bond ETFs, gold ETFs, Hong Kong stock ETFs, and various index funds [8] - The product management anticipates an active equity market in Q4, balancing dividends and technology sectors, while maintaining a bullish long-term outlook on gold [9]

Overall Performance - As of November 27, 2025, the average net value growth rate for mixed public wealth management products with a duration of 3-6 months is 2.88%, with an average maximum drawdown of 0.86%. Two products have achieved a net value growth rate exceeding 10% in the past six months [5]. - A total of six wealth management companies are represented in the rankings, with Ningyin Wealth Management featuring three products, while Hangyin Wealth Management and Xingyin Wealth Management each have two products. Additionally, Guangda Wealth Management, Minsheng Wealth Management, and Ping An Wealth Management each have one product listed [5]. Highlighted Product Analysis - In Q3 2025, the active trading in the stock market significantly boosted equity investment returns, with high-equity products performing particularly well. Ningyin Wealth Management's "Ningyin Balanced Growth Mixed Open Wealth Management Product No. 3" and "Ningyin Balanced Growth Intelligent Manufacturing Mixed Wealth Management Product No. 5" topped the rankings with net value growth rates of 10.40% and 10.28%, respectively [6]. - Both top products have similar investment allocation ratios, with the top ten holdings comprising cash, interbank pledged repos, bank tier-2 capital bonds, and stocks [6][7]. Market Trends - Entering Q4, the A-share market began to adjust overall, with the broad index under pressure from October to November 2025. The Shanghai Composite Index saw a slight increase, while the ChiNext Index and Shenzhen Component Index experienced significant declines [8]. - The Hong Kong stock market also showed a trend of adjustment, with major indices generally declining. In October, the Hang Seng Index and Hang Seng Tech Index fell by 3.53% and 8.62%, respectively, while in November, the declines were less severe, with the Hang Seng Index down by 0.18% and Hang Seng Tech down by 5.23% [8]. - Due to the overall adjustment in the equity market in Q4, Ningyin Wealth Management's two products entered a "roller coaster" mode starting in October, with net value growth rates dropping to -1.17% and -1.23%, respectively, before showing slight recovery in November [8].

数据说明： 混合类产品范围为理财公司发行的3—6月（含）投资周期的公募混合类产品，统计截止日期为2025年8月21日，统计区间为近6 月。 榜单排名来自理财通AI全自动化实时排名，如您对数据有疑问，请在文末联系助理进一步核实。 | ਸਾਰ ਕੁਰ | 产品名称 | 管理人 | 净值增 长率 | 最大回撤 | 年代渡 动率 | 卡玛比率 | | --- | --- | --- | --- | --- | --- | --- | | | 宁赢平衡增利混合 类开放式理财3号 | 宁银理财 11.42% 7.22% | | | 7.15% | 3.19181 56 | | | (最短持有180天) | 销售机构:宁波银行 | | | | | | | 一赢平衡增利智能 制造活 - 3 - 5 - 5 | 宁银理财 | 11.02% | 7.59% | 7.79% | 2.92597 329 | | | 号(最短篇6个 | | | | | | | | FD | 销售机构:宁波银行 | | | | | | | | 兴银理财 10.06% 10.28% | | | 16.53% | 1.96428 ਰੇਵੇਂ ਕ | | | ...