Core Viewpoint - The recent performance of the bond market shows a slight rebound, while the stock market faces some resistance, leading to a primarily fluctuating trend in investments [1] Product Overview - The product "智盈添金最低持有300天理财产品2号" from Huishang Bank has a minimum holding period of 300 days and focuses on fixed income investments [6] - As of the end of Q2 this year, the product's investment in funds reached 62.71%, which is significantly higher than typical fixed income products that primarily invest directly in bonds [4][13] Investment Strategy - The product employs a strategy that includes quantitative fund selection, with the top ten holdings consisting entirely of public funds, indicating a reliance on fund manager selection capabilities [4][13] - The product's investment strategy is categorized into three main approaches: asset allocation strategy, fund investment strategy, and bond investment strategy [17] Performance Metrics - The average yield of the "智盈添金" series products was 2.13% last year, with a net value growth rate of 1.42% in the first half of this year, annualized to approximately 2.84% [5] - The product scored 25 in yield, 92 in risk control, 11 in risk-adjusted return, and 58 in comprehensive fee rate, ranking it 128th, 238th, 189th, and 192nd respectively among 356 similar products [5] Risk and Fee Structure - The product has a risk level classified as secondary (medium-low), with a maximum drawdown since inception of 10.63% [12][18] - The new redemption fee structure introduced by the CSRC on September 5 requires a minimum redemption fee of 1.5% for holdings less than seven days, which may impact the product's fund investments [4] Comparative Analysis - The product's annualized return since inception is 4.52%, outperforming 67.13% of similar products, while its recent one-month annualized return is 2.41%, beating 40.17% of similar products [11][12] - The product's overall performance is considered average compared to peers, particularly due to the recent underperformance of some funds within its portfolio [8][17]

近期债市震荡走强，股市略有回调。理财通评评"理"第39期继续测评银行热销产品，本期测评6月17日 广发银行APP近一周热销榜排第三的产品：添利6个月持有4号A。截至6月20日，该产品已有近4万投资 者购买。 该产品去年10月25日成立，目前已成立时间7个多月，成立后没多久债市出现了一轮上涨行情。推测主 要是受益这轮行情，所以该产品成立以来收益率不低，达5.76%（6月18日数据）。比较神奇的是，该 产品在债市调整期间净值没有明显下跌。这也是该产品能维持不低收益率的原因。至于是什么原因，因 资产投向信息披露有限，尚不得而知。 （"添利6个月持有4号A"净值走势） 3月下旬以来债市出现反弹行情，该产品也有所受益，近3个月年化收益率3.98%。不过因为产品成立时 间不算长，后续收益表现如何还难以预测。 从该产品同系列产品表现来看，过去两年的收益率大多在3%-4%之间，收益表现并不突出。南财理财通 数据显示，幸福添利6个月持有期固定收益类系列产品2024年、2023年平均回报分别为3.13%、3.61%。 测评结果显示，该产品收益得分62分，风险控制得分99分，风险调整收益得分38分，综合费率得分48 分，在230只 ...