Core Insights - The report focuses on the performance of mixed and equity wealth management products, highlighting their recent trends and key performers [1] Mixed Products Performance - The average net value growth rate for mixed wealth management products with a duration of 3 months or less is 0.64%, slightly outperforming similar "fixed income + equity" products [6] - Among 262 mixed products, 28 have negative growth rates in the last 3 months, accounting for 10.69% [6] - Top performers include "Zhaoyue Quantitative Hedge FOF No. 1" with a growth rate of 3.23% and "Ningyin Balanced Incremental State-owned Enterprise Dividend No. 6" at 3.10% [6] Equity Products Performance - The average net value growth rate for equity wealth management products over the past year is 12.54%, with an average maximum drawdown of 13.96% [9] - The top ten equity products are dominated by Huaxia Wealth and Everbright Wealth, showcasing their strong performance [9] - Notable products include "Beiying A-share New Opportunity Phase 2" and "Beiying A-share New Opportunity Private Banking Exclusive Phase 1" with growth rates of 9.38% and 8.98% respectively [9] Highlights of Specific Products - Huaxia Wealth's index-linked equity products have shown strong performance, with four products exceeding a 30% growth rate over the past year [10] - The product tracking the Micro-plate Growth Low Volatility Index has surged nearly 50% in the past year [10] - However, some products have experienced significant volatility, with maximum drawdowns exceeding 20% and annualized volatility over 40% [10] - There is a notable disparity in returns among industry index-tracking products, with some achieving high returns while others report negative returns, such as "Tiangong Daily Open Wealth Management Product No. 7" and "Tiangong Daily Open Wealth Management Product No. 1" with growth rates of -0.74% and -1.08% respectively [10]

Core Insights - The report focuses on the performance of three categories of wealth management products: "Fixed Income + Equity," mixed-type, and equity-type products Group 1: "Fixed Income + Equity" Products - The "Fixed Income + Equity" products are defined as public offerings with investment cycles of 6 to 12 months, showing positive returns for each complete month over the past year [2] - The top three products in this category are: - "Stable Enjoyment Dynamic Wisdom Daily Open 5" from Jiao Yin Wealth Management with a net value growth rate of 5.95% - "Qiming Enhanced Weekly Enjoyment 1" from Ping An Wealth Management with a growth rate of 5.65% - "Annual Year Xin Shortest Holding Period 5" from Pu Yin Wealth Management with a growth rate of 5.29% [6] - Jiao Yin Wealth Management's product has a significant portion of its funds (about 70%) allocated to cash and bank deposits, with the rest mainly in bonds and a small portion in public funds [6] Group 2: Mixed-Type Products - In the mixed-type public offerings with investment cycles of 3 months or less, the top products include: - "Rui Ying Preferred Balance 10" from Xing Yin Wealth Management with a net value growth rate of 6.43% - "Fu Li Xing Cheng Alpha Daily Open 1A" from Xing Yin Wealth Management with a growth rate of 4.37% - "Zhao Yue Quantitative Hedge FOF No. 1" from Zhao Yin Wealth Management with a growth rate of 3.31% [12] Group 3: Equity-Type Products - The average net value growth rate for equity-type public wealth management products over the past year is 8.16%, with an average maximum drawdown of 15.72% [16] - The top three products in this category are: - "Tian Gong Daily Open 5 (AI Computing Power Index)" from Hua Xia Wealth Management with a growth rate of 54.81% - "Tian Gong Daily Open 2 (Digital Infrastructure Index)" from Hua Xia Wealth Management with a growth rate of 44.82% - "Sunshine Red ESG Industry Selection" from Guang Da Wealth Management with a growth rate of 30.08% [16] - Notably, four products recorded negative returns over the past year, with the largest decline being 16.07% for Guang Da Wealth Management's "Sunshine Red Health and Safety Theme Selection" [16]