A surge in bulk this year! Has the "sharp era" of bank wealth management arrived?

A year ago, bank wealth management products were still troubled by continuously declining yields under the influence of deposit rate cuts.

In the blink of an eye, 2025 has become a year of resurgence for bank wealth management.

According to WIND's summary statistics of various bank wealth management products, several products have already implied yields of 20%, 30%, or even over 100% within the year.

Among them, the BlackRock World Gold Fund USD version issued by Fubon Bank has seen an increase of over 135% in the past year (as of December 15, 2025), making it the product with the highest recent yield among those tracked by WIND.

During the same period, the Huaxia Wealth Management Company’s Huaxia Wealth Management No. 8 has also risen over 46%, Everbright Wealth Management’s Sunshine Red ESG Industry Selection, and Xinyin Wealth Management’s Xinyin Wealth Management Baobao Elephant Stock Preferred Weekly Open No. 1 have all seen increases of over 35% in the past year.

In addition, the Changshu Bank’s Changle Ruixiang Value Selection No. 1, Goldman Sachs ICBC Wealth Management’s Shengxin Junzhi Private Banking Exclusive Quantitative Phase 1, Ningyin Wealth Management’s 2021 Ningyao Equity Quality Growth FOF, and Zhaoyin Wealth Management’s 2021 Zhaozhi Hongrui Multi-Asset FOF Aggressive Daily Open No. 1, among others, have also exceeded 20% in returns during the same period.

The sudden batch of products with yields exceeding 20% seems to evoke the "glory" of the early days of bank wealth management.

So, what has driven the rebound in the yields of bank wealth management products?

Which categories of products have performed better?

What are the advantages and shortcomings of these products?

The specific interpretations are in the following text.

Highest Yield: “Doubling” or More!

According to Wind's statistics, among the bank wealth management products included in the terminal statistics, the highest increase in the past year is the BlackRock World Gold Fund USD version issued by Fubon Bank, with an increase of approximately 135.94%. The second is the BlackRock World Gold Fund, with an increase of approximately 131.71% (see the table below).

The third place is the Huaxia Wealth Management’s Huaxia Wealth Management Tiangong Daily Open No. 8 (Precious Metals Index), with an increase of approximately 46.17% in the past year.

Following that are the Huaxia Wealth Management Tiangong Daily Open No. 4 (New Energy Storage Index), Everbright Wealth Management’s Sunshine Red ESG Industry Selection, and Xinyin Wealth Management’s Xinyin Wealth Management Baobao Elephant Stock Preferred Weekly Open No. 1, all of which have seen increases of over 35% in the past year.

Additionally, the Huaxia Wealth Management Tiangong Daily Open No. 6 (Microdisk Growth Low Volatility Index), Huaxia Wealth Management Tiangong Daily Open No. 5 (AI Computing Power Index), Changshu Bank’s Changle Ruixiang Value Selection No. 1, and Xinyin Wealth Management’s CITIC Wealth Management Zhirui Win Selection Equity Weekly Open, all have increases of over 25% in the past year.

Overall, some bank wealth management products that dared to step out of the fixed income investment product range and have larger daily fluctuations have performed well in 2025. (Note: Excluding products with abnormal volatility or those that have not disclosed unit net values within a statistical period, as of the latest net value date, specific date see the image below).

Performance-oriented Wealth Management Focus: Commodities, Equities, REITs, Funds

Specifically, products that have performed well this year mainly focus on commodities, equities, REITs, and funds.

Among them, wealth management products focused on gold and gold stocks are the most outstanding. The BlackRock World Gold Fund, sold in some domestic cities, has the FTSE Gold Mines Index as its benchmark.

Relevant information shows that the fund aims to maximize total returns. The fund will invest no less than 70% of its total assets in equity securities of companies primarily engaged in gold mining worldwide. The fund may also invest in equity securities of companies primarily engaged in other precious metals or minerals and base metals or mining operations. However, the fund will not actually hold gold or other metals.

In addition, products investing in precious metals are also noteworthy. The main investment in the domestic precious metals index, Huaxia Wealth Management Tiangong Daily Open Wealth Management Product No. 8 (Precious Metals Index), has performed quite well, and the purchase range is broader with a lower investment threshold.

Information shows that Tiangong Daily Open Wealth Management Product No. 8 is a passive index product that tracks the Huaxia Wealth Management Precious Metals Index. The product's equity holdings use a full replication method to track the corresponding index and make adjustments based on changes in the constituent stocks and their weights.

Specifically, from the holdings of the Huaxia Wealth Management Precious Metals Index, it mainly invests in stocks of companies engaged in precious metals business in China. The third-quarter report shows a high proportion of stocks such as ZHONGJIN GOLD, Zijin Mining, Hunan Silver, and Shanjin International.

AI Computing Power Surges in Q3

In addition to the above targets, the bank wealth management yields focused on artificial intelligence have also performed quite well, with stocks in this direction showing impressive performance by 2025, and this momentum is also reflected in bank wealth management products.

Taking Huaxia Wealth Management Tiangong Daily Open No. 5 (AI Computing Power Index) as an example, it can be seen that this product is a passive index product, with equity holdings using a full replication method to track the corresponding index and making adjustments based on changes in the constituent stocks and their weights. The product's benchmark index is the Huaxia Wealth Management AI Computing Power Index.

Mixed Wealth Management Achieves Highest Yield of Nearly 43% in the Past Year

According to incomplete statistics from Wind, the highest increase in mixed financial products over the past year is the 2021 Ningyin Ningying Carbon Neutral Open 1, with an increase of approximately 42.90%.

The second is the Ningyin Wealth Management Ningying Zhuoran Open Wealth Management 1, with an increase of 24.56% over the past year; followed by CITIC Wealth Management's Zhirui Ying Jinqi 1, with an increase of 23.84% over the past year.

In addition, other series of products from Ningyin Wealth Management, the 2021 Zhaoyin Wealth Management Zhaozhi Hongrui Multi-Asset FOF Jinqi No. 1, and Sunshine Orange Selected Fund Treasure, have increased by over 20% in the past year.

Leading the increase, the Ningyin Ningying Carbon Neutral Open 1 mainly adopts a flexible asset allocation strategy and proactive investment management measures, focusing on investments related to the "carbon neutral" theme, and this product must be held for at least 1 year.

According to the sales documents, the planned allocation ratio for this product is 0%-80% for fixed income, 0%-80% for equity assets, and 0%-80% for commodities and financial derivatives.

Taking the third quarter report as an example, after penetration, equity investments account for 72.13%, bonds account for 13.73%, and public funds account for 7.77%. Overall, the product leans towards equity.

From the details of the top ten assets at the end of the reporting period, the holdings include Contemporary Amperex Technology Co., Limited, Goldwind Technology, and China Hongqiao Group.

Some fixed income products also have double-digit growth

According to incomplete statistics from Wind, among fixed income financial products, a series of net value-type closed-end (annual/semi-annual dividends) products issued by Sichuan Bank "dominate the rankings," with 6 products having increased by over 12% in the past year.

Next, the 2021 Jinlu Wealth Management - Inclusive Elderly Care 2 products issued by Wenzhou Bank, and the Qingyin Wealth Management's Qingyin Wealth Management Brilliant Life Achievement Open (two-year open industry theme 08), have increased by over 10% in the past year.

In addition, Ningyin Wealth Management's Ningyin Wealth Management Qining Individual Stock Selection Daily Open Wealth Management 1, Wenzhou Bank's 2021 Jinlu Wealth Management - Inclusive Elderly Care 21046, Everbright Wealth Management's Sunshine Gold 24M Increased Profit 2, Xinyin Wealth Management's CITIC Wealth Management's Xin Yi 2040, Shangyin Wealth Management's Shangyin Wealth Management Anxin Yi Xuan, and Qingyin Wealth Management's Brilliant Life Achievement Open (one-year open industry theme 15), among others, have also seen relatively high increases in fixed income financial products.

Reminder to Pay Attention to "Dilution Effect"

However, when popular products encounter concentrated subscriptions, it may temporarily dilute the product's gains, which is something bank wealth management investors should be aware of.

The announcement of Huaxia Wealth Management Tiangong Daily Open Wealth Management Product No. 8 shows that the product's interval return performance has a certain gap compared to the benchmark index it tracks, mainly due to large subscriptions and redemptions by clients diluting returns during the quarterly stock market rise.

The Q3 report shows that the end-of-period asset holding situation indicates that cash and bank deposits account for 22.94% of total assets after penetration.

Huaxia Wealth Management Tiangong Daily Open No. 5 (AI Computing Power Index) has also been somewhat affected by subscription dilution.

The product's Q3 report shows that the net value increased by 46.55% during the reporting period, with a maximum drawdown of -11.56%, while the tracking benchmark rose by 51.61% with a maximum drawdown of -11.45%.

By comparing the two, it can be found that there is a certain gap in the product's interval return performance compared to the benchmark index it tracks, but the maximum drawdown is not much different from the tracked index, mainly due to large subscriptions and redemptions by clients diluting returns during the quarterly stock market rise.

Risk Warning and Disclaimer

The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at their own risk