榜单排名来自理财通AI全自动化实时排名，如您对数据有疑问，请在文末联系助理进一步核实。 一、整体表现 南财理财通数据显示，截至2025年12月4日，理财公司共存续1247只投资周期在2-3年（含）的"固收+权 益"理财产品（含不同份额）。其中，有净值披露且实现近一年季季正收益的产品有684只（含不同份 额），占比54.85%，近一年平均净值增长率为3.23%，最大回撤均值为0.24%。 （原标题：2只"固收+权益"近一年净值涨超6%，偏好投资金融债） 数据说明： 产品统计范围为理财公司发行的公募"固收+权益"理财产品，产品统计截止日期为2025年12月4日，统计 区间为近一年。 二、亮点产品分析 光大理财"阳光金36M增利尊享2号"和"阳光金36M增利1号理财"依次位列榜单第一、第二名，近一年平 均净值增长率分别达到7.12%和6.21%。据三季报披露，"阳光金36M增利尊享2号"和"阳光金36M增利1 号理财"在资产配置上均以私募资管产品为主，持仓比例分别达到83.11%和93.94%，并且两款产品均通 过资管计划间接投资国债期货。 具体到前十大持仓来看，两款产品均投资了政策性银行债券以及金融债券。不同的是 ...

Core Insights - The National Financial Regulatory Administration has announced the expansion of pension financial products nationwide, increasing the fundraising limit for individual financial companies to five times their net capital after deducting risk capital [1][2] - The notification supports financial companies in enhancing the design of pension financial products and diversifying services such as pension accounts and advisory consultations [1] - As of October 23, 2025, there are 54 existing pension financial products, with 42 classified as "fixed income+" and 12 as mixed products [1] Product Performance - The average annualized return of the 54 existing pension financial products over the past year is 5.13% [2] - The top-performing products include ICBC's "Yixiang Antai Fixed Income Pension Product" with a return of 6.67% and BlackRock's "Beianxin 2032 Pension Product" at 6.54% [2] - The lowest-performing product is the "Anxiang Fixed Income Monthly Open Pension Product Y" from CCB, with a return of only 2.05% [2] - The latest average performance benchmark for pension financial products is set at 5.53%, indicating pressure to meet performance standards [2] Overall Market Performance - As of October 23, 2025, there are 1,112 existing public "fixed income + equity" products with a term of 2-3 years, with an average net value growth rate of 3.34% over the past year [5] - Among the 766 products with complete net value growth rate disclosures, 577 have achieved positive quarterly returns, representing 75.32% of the total [5] Highlighted Products - The top product, "Stable Wealth Fixed Income Enhanced (Closed-end) 2022 057," has a net value growth rate of 6.96% and maintains low maximum drawdown and annualized volatility at 0.12% and 1.05%, respectively [6] - The product's holdings primarily consist of bonds, non-standard assets (trust loans), and public funds, with respective allocations of 40.71%, 34.12%, and 20.45% [6] - The top holdings include a non-standard asset (trust loan) and various convertible and credit bonds, with the largest non-standard asset expected to yield 3.11% [7]