Overall Performance - The average net value growth rate of RMB "fixed income + equity" public wealth management products with a term of 2-3 years over the past year is 3.38%, with a maximum drawdown average of 0.57%. Notably, 52.7% of the products recorded positive returns every month over the past year [4]. Top Performing Products - In the top ten performing products, Beiyin Wealth Management, ICBC Wealth Management, Everbright Wealth Management, and Qingyin Wealth Management each have two products listed, while Hangzhou Bank Wealth Management and Bank of China Wealth Management each have one product. All listed products have a net value growth rate exceeding 6% over the past year [5]. Highlighted Product Analysis - Beiyin Wealth Management's "Jinghua Yuanjian Xinyi Yingjin 61" is a PR2 (medium-low risk) three-year fixed income product. The product's performance benchmark (annualized) was adjusted from 4.5%-5.5% to 2.2%-3.3% for the second investment cycle starting March 26, 2025. The annualized yield during the first investment cycle was approximately 3.23%, which did not meet the lower limit of the previous performance benchmark. Importantly, the product has adjusted its management fee calculation method; from March 26, 2025, if the daily calculated annualized yield is below the lower limit of the performance benchmark or the net value is below 1, the product manager will not charge the fixed management fee for that day [6].

Core Insights - The report focuses on the performance of three types of investment products: "Fixed Income + Equity," mixed, and equity products [1] Group 1: Overall Performance - The average net value growth rate for "Fixed Income + Equity" public investment products with a 2-3 year investment period is 3.11%, with an average maximum drawdown of 0.64% over the past year [6] - Among 743 products in this category, 75.91% achieved positive returns in every quarter over the past year [6] Group 2: Highlighted Product Analysis - The top three performing products in the "Fixed Income + Equity" category are: 1. "京华远见鑫益盈金61号" by 北银理财 with a net value growth rate of 8.66% 2. "璀璨人生成就系列（共享）2022年280期" by 青银理财 with a growth rate of 7.43% 3. "幸福99丰裕固收多资产23005期" by 杭银理财 with a growth rate of 7.30% [7] Group 3: Mixed Product Performance - The average net value growth rate for mixed public investment products with a holding period of less than 3 months is 1.51% [12] - The top three products in this category are: 1. "富利兴成阿尔法一个月持有期2号A" by 兴银理财 with a growth rate of 11.87% 2. "富利兴易智享量化指增3个月最短持有期1号A" by 兴银理财 with a growth rate of 10.39% 3. "兴睿优选进取" by 兴银理财 with a growth rate of 7.54% [12] Group 4: Equity Product Performance - The average net value growth rate for equity investment products over the past year is 18.93%, with a maximum drawdown of 13.27% [16] - Notable products include: 1. "天工日开6号（微盘成长低波指数）" by 华夏理财 with a growth rate of 63.85% 2. "天工日开2号（数字基础设施指数）" by 华夏理财 with a growth rate of 44.19% 3. "天工日开5号（AI算力指数）" by 华夏理财 with a growth rate of 41.14% [16]