Overall Performance - As of October 23, 2025, a total of 342 public mixed-asset products with a duration of less than 3 months are in existence, with notable products from companies such as Xinyin Wealth Management, Huihua Wealth Management, and others making it to the top ten rankings [5] - The top product, "Ruiying Jinqi 1st Phase," achieved a net value growth rate of 17.31% over the past three months, with a maximum drawdown of only 2.74%, indicating a strong performance [5] - Huihua Wealth Management's two products ranked second and third, with growth rates of 15.26% and 14.99%, respectively, although they exhibited relatively high annualized volatility [5] Highlighted Product Analysis - The top three products share a common strategy of increasing equity asset allocations in Q2 2025, capitalizing on market recovery and growth opportunities [6] - The market showed signs of stabilization and recovery in early 2025, leading to a significant rise in the technology growth sector, with the ChiNext Index experiencing a quarterly increase of 52.43% [6] - "Ruiying Jinqi 1st Phase" was established in July 2019 and later moved to Xinyin Wealth Management, with its equity asset allocation increasing from 7.67% at the end of Q1 2025 to 25.66% by the end of Q2 2025 [6] Top Holdings - By the end of Q3, the top holdings of "Ruiying Jinqi 1st Phase" included technology, dividend, blue-chip, and gold-related funds, with "Zhongou Data Economy C" seeing a nearly 80% increase [7] - The product's top three individual stock holdings were all in the electronics sector, with two stocks, Zhongji Xuchuang and Xinyi Sheng, experiencing nearly 200% growth in Q3 [7] - Huihua Wealth Management's products ranked second and third are more aggressive, with equity asset allocations exceeding 70% by the end of Q2 2025 [7] Market Outlook - Looking ahead to Q4 2025, market institutions maintain a relatively optimistic outlook while focusing on structural opportunities, particularly in undervalued blue-chip and dividend sectors, as well as high-growth technology lines [6][8] - The market's recent significant rise has led to decreased valuation attractiveness, suggesting that further increases will require additional support from policy or economic fundamentals [7][8]

Overall Performance - The equity market has recently shown a volatile upward trend, leading to new highs in the net value of many mixed public wealth management products. According to data from Nanfang Financial Wealth Management, the average net value growth rate and maximum drawdown for mixed public wealth management products with a maturity of less than three months were 1.91% and 0.39%, respectively. All products in this category recorded positive returns over the past three months [5] - By institution, Huihua Wealth Management, Hangyin Wealth Management, Minsheng Wealth Management, Xinyin Wealth Management, and Xingyin Wealth Management performed well, with average net value growth rates exceeding 3% over the past three months [5] - In the individual product performance ranking, seven products achieved net value growth rates of 10% or more, with Xinyin Wealth Management's "Ruiying Jinqi 1st Phase" leading at 21.16%, followed by Huihua Wealth Management's "Huize Stable Progress Open" and "Huize Flexible Allocation Open" at 19.02% and 18.41%, respectively [5] Highlighted Product Analysis - Xinyin Wealth Management's "Ruiying Jinqi 1st Phase" is rated R4 (medium-high risk) and has a performance benchmark of "40%*CSI All A Shares (930903) return + 40%*CBA Comprehensive Wealth Index (CBA00201) return + 20%*1-year fixed deposit rate." Established in July 2019, the product's net value has shown a steady increase, breaking previous highs in August 2025 due to favorable equity market conditions [6] - The second-ranked product, Huihua Wealth Management's "Huize Stable Progress Open," is also rated R4 (medium-high risk) with a benchmark of "60%×CSI 800 Index return + 40%×CSI All Bond Index return." As of mid-year, approximately 70% of its portfolio is allocated to equity assets, primarily in the technology sector, with Fuda Co. and Changyuan Donggu being the top two equity holdings. However, this product has been in a state of net asset value below 1 since its inception [6]