集团 21世纪经济报道 理财公司长盈纯固收类公 品业绩榜单 (投资周期3月以内) | 름 | 产品名称 | 加权年 管理人 化收益 | 同本7月以 来年化 | 成立以来 最大回撤 | 成为以来 年化渡动 | | --- | --- | --- | --- | --- | --- | | | | Mi | 收益率 | | 网 | | | 富的纯债91天 财产品A | 持有期27号理 民生理财 5.99% | 6.14% | 0.00% | 0.79% | | | 营行纳债14天 | 持有期17号理 民信理财 5.95% | 5.86% | 0.13% | 0.53% | | | 财产品A | | | | | | | 電源家国政策 利七天持有期 56号理财产品 | 信银理财 5.40% | 4.75% | 0.03% | 0.57% | | | GE | | | | | | 4 | 灵汗:侧齿最 短信有7513 号A | 中邮理财 5.05% | 4.42% | 0.02% | 0.83% | | | 電源 FRENDS 利二十一天持 | | | | | | --- | --- | --- | --- | --- ...

Market Performance - The bond market in 2025 exhibited a volatile adjustment, with interest rate bonds experiencing a downward trend in yields in the first half due to factors like reserve requirement ratio cuts and interest rate reductions, followed by an upward trend in the second half as equity markets strengthened, leading to a year-end yield for 10-year government bonds in the range of 1.85% to 1.87%, a significant recovery from the low of 1.59% at the beginning of the year [2] - Credit bond yields mirrored government bond yields, initially rising, then falling, and finally fluctuating upwards, with credit spreads first narrowing and then experiencing volatility [2] Performance of Pure Fixed Income Public Products - As of December 31, 2025, there were 6,915 public RMB pure fixed income products in existence, with an average net value growth rate of 2.05% for the year [3] - 96.9% of these products had annual net value growth rates between 1% and 5%, with 9 products exceeding 5% growth, while 20 products reported negative annual returns [3] - Institutions such as Hangyin Wealth Management, Nanyin Wealth Management, and Beiyin Wealth Management performed well, with average net value growth rates exceeding 2.5% [3] - The top ten performing products came from five different wealth management companies, with Xinyin Wealth Management having four products listed and Minsheng Wealth Management having three [3] Product Analysis - The top product, Minsheng Wealth Management's "Fuzhu Pure Bond 91-Day Holding Period No. 27", aimed to control short-term volatility and drawdown risk while maintaining asset liquidity, primarily investing in mid-to-high-grade credit bonds, with a bond holding ratio of 73.32% and a leverage level of 128.17% as of Q3 2025 [5] - The third-place product, Schroder Jiao Yin Wealth Management's "Derun Fixed Income Enhanced 30-Day Holding Period Product C", primarily invested in mid-to-high-grade credit bonds and money market instruments, with investments in bonds, cash, and bank deposits accounting for 38.59% and 33.18% respectively [5] - Looking ahead, "Derun Fixed Income Enhanced 30-Day Holding Period Product C" will focus on investor risk appetite, inflation, and the impact of new "fund redemption fee" regulations, maintaining a primary focus on high-grade bond allocations while increasing portfolio diversification to avoid credit downgrades [5]

Overall Performance - As of December 4, 2025, there are a total of 6,475 public pure fixed-income products with a maturity of three months or less, including different share classes [1] - Among these, 4,106 products have disclosed net values and achieved positive returns for nearly six consecutive months, representing 63.41% of the total [1] - Three wealth management companies are featured in the current ranking, with Minsheng Wealth Management having four products, while Huaxia Wealth Management and Xinyin Wealth Management each have three products, totaling six products that achieved "0 drawdown" over the past six months [1] Highlighted Product Analysis - The top product, Huaxia Wealth Management's "Fixed Income Pure Bond Shortest Holding 60 Days Wealth Management Product E Class A," has an average net value growth rate of 4.95% over the past six months [2] - Since its establishment in March 2025, this product has shown a steady upward trend, with a maximum drawdown of only 0.41% despite experiencing significant volatility during mid-July to mid-August [2] - The runner-up product, Minsheng Wealth Management's "Fuzhu Pure Bond 91 Days Holding Period 27th Wealth Management Product A," has an average net value growth rate of 3.97% and is the only product among the top three to achieve "0 drawdown" [2] - As of the end of Q3 this year, the product's bond holdings reached 73.32%, with the top ten holdings consisting entirely of credit bonds [2] Additional Insights - Other products achieving "0 drawdown" over the past six months include Minsheng Wealth Management's "Fuzhu Pure Bond 14 Days Holding Period 17th Wealth Management Product A" and "Fuzhu Pure Bond 7 Days Holding Period 28th Wealth Management Product A," as well as Xinyin Wealth Management's "Anyingxiang Fixed Income Stable Profit 21 Days Holding Period 2nd Wealth Management Product G Class" and "Anyingxiang Fixed Income Stable Profit 3 Months Holding Period 27th Wealth Management Product G Class," along with Huaxia Wealth Management's "Fixed Income Pure Bond Shortest Holding 90 Days Wealth Management Product K Class B" [2][3] - The average net value growth rate of the "0 drawdown" products exceeds 3%, but it is noteworthy that the three "0 drawdown" products from Minsheng Wealth Management have similar investment strategies, with the top ten holdings consisting solely of credit bonds [3] - Xinyin Wealth Management's "Anyingxiang Fixed Income Stable Profit 3 Months Holding Period 27th Wealth Management Product G Class" has all its holdings in cash and bank deposits as of the end of Q3, making it difficult to ascertain its sources of returns [3]

Overall Performance - As of December 4, 2025, there are a total of 6,475 public pure fixed-income products with a maturity of three months or less, including different share classes [1] - Among these, 4,106 products have disclosed net values and achieved positive returns for nearly six consecutive months, representing 63.41% of the total [1] - Three wealth management companies are featured in the current ranking, with Minsheng Wealth Management having four products, while Huaxia Wealth Management and Xinyin Wealth Management each have three products, totaling six products that achieved "0 drawdown" over the past six months [1] Highlighted Product Analysis - The top product, Huaxia Wealth Management's "Fixed Income Pure Bond Shortest Holding 60 Days Wealth Management Product E Class A," has an average net value growth rate of 4.95% over the past six months [2] - Since its establishment in March 2025, the product has shown a steady upward trend, with a maximum drawdown of only 0.41% despite experiencing significant volatility during mid-July to mid-August [2] - The second-ranked product, Minsheng Wealth Management's "Fuzhu Pure Bond 91 Days Holding Period 27th Wealth Management Product A," has an average net value growth rate of 3.97% and is the only product among the top three to achieve "0 drawdown" [3] - Other products achieving "0 drawdown" include Minsheng Wealth Management's "Fuzhu Pure Bond 14 Days Holding Period 17th Wealth Management Product A" and "Fuzhu Pure Bond 7 Days Holding Period 28th Wealth Management Product A," as well as Xinyin Wealth Management's "Anyingxiang Fixed Income Stable Profit 21 Days Holding Period 2nd Wealth Management Product G Class" and "Anyingxiang Fixed Income Stable Profit 3 Months Holding Period 27th Wealth Management Product G Class" [3] - All "0 drawdown" products have an average net value growth rate exceeding 3% over the past six months, with Minsheng Wealth Management's three "0 drawdown" products having similar investment strategies focused on credit bonds [3]