Bank Wealth Management’s First-Quarter Performance Report Revealed: Who Ramped Up Acceleration Behind the Record 161.9 Billion in Gains?

Although facing declining yields in recent years, stability and safety remain the biggest reliance of bank wealth management products.

According to a report from the Bank Wealth Management Registration and Custody Center, by the end of the first quarter of 2026, the total scale of bank wealth management products still reached 31.91 trillion yuan, a year-on-year increase of 9.51%, while a decrease of 4.1% compared to the end of 2025.

Meanwhile, related statistics also show that in the first quarter of 2026, wealth management products generated a total return of 161.9 billion yuan for investors. Among them, bank wealth management companies generated 142.2 billion yuan in returns for investors, with the rest coming from banking institutions.

So among a large number of wealth management products, which ones were the most profitable this year?

Is it equity products that closely follow the AI and digital economy trends? or traditional fixed income products? or the hybrid fixed income + products?

Many pieces of information are worth paying attention to.

Highest returns this year close to 30%

According to WIND’s statistics on various bank wealth management products, as of the end of April 2026, products with relatively high yields among bank wealth management products have already achieved nearly 30% returns.

This level is quite astonishing.

Among them, Huaxia Wealth’s Tian Gong Daily Open No. 5 (AI Computing Power Index) has returned over 29.69% so far this year, becoming one of the leading wealth management products (excluding private equity and venture capital products) this year.

Additionally, Huaxia Wealth Tian Gong Daily Open No. 24 Small Metal Index A and Huaxia Wealth Tian Gong Daily Open No. 49 Emerging Materials Index A have also achieved year-to-date increases of 21.97% and 19.80%, respectively, ranking relatively high in the industry.

Furthermore, Hang Silver Wealth’s Happiness 99 Jin Hang Equity Digital Economy 180-day Holding Period 2502 Product A and Everbright Wealth’s Sunshine Red Preferred 500 Index Enhanced C have also achieved returns exceeding 15% since the beginning of the year.

The above bank wealth management products, just from their names, indicate a bias toward assets related to the booming technology and artificial intelligence sectors in recent years.

Fixed income and fixed income + products also yield over 10%

In addition, fixed income bank wealth management products also offer good yields.

For example, Agricultural Bank Wealth’s Agricultural Bank Peaceful and Agile 120-day O as a fixed income wealth management product, has performed at 14.26% since the beginning of the year, making it into the top ten wealth management products, which is quite impressive.

From the product description pages, the Agricultural Bank Peaceful and Agile 120-day series belongs to fixed income + products, with a daily benchmark allocation of over 80% in fixed income assets and up to 20% in equity positions. The latter should also include some additional gains from safe equity or convertible bond assets.

From the industry average level, most pure fixed income bank wealth management products currently have a median around 1.52%, higher than money market funds but only slightly.

Equity assets prioritize technology

Institutions with relatively leading performance this year mainly gained from allocations to tech stocks.

For example, the relatively leading Huaxia Wealth Tian Gong Daily Open No. 5 (AI Computing Power Index) has performed remarkably well since the beginning of the year, with a yield of 29.69%, and its name already indicates a bias toward AI and artificial intelligence stocks.

It is reported that the benchmark index for this product is the Huaxia Wealth AI Computing Power Index, which mainly tracks the overall performance of listed companies in the AI industry chain, including chips, optical modules, and servers.

Recent performance of this index has significantly surpassed the overall level of the stock market index.

Peripheral tech assets are also quite strong

In addition, bank wealth management products focusing on small metals and emerging materials have also performed well this year, with some Huaxia Wealth Tian Gong series products reaching about 20% returns.

However, the latter mainly focuses on small metals and new materials, many of which are upstream in the tech and AI industry chain. In other words, such a allocation strategy can be seen as a way of riding the wave of the tech manufacturing and resource cycles.

But for investors who prefer stable investments, it’s important to understand that the leading bank wealth management products are closely related to tech stocks. If the relevant indices fluctuate later, the net value of related wealth management products will also show some volatility.

“Leveraging” high-quality funds to achieve excess returns

Besides actively allocating equity assets, some well-performing bank wealth management products achieve returns by selecting public funds.

For example, as of April 29, the Sunshine Red Preferred 500 Index Enhanced C has gained about 15% this year, while the CSI 500 index increased by less than 12%. One bank wealth management product outperformed the public index funds.

So how does this wealth management product achieve enhancement?

The quarterly report shows that the top ten assets after penetration include many high-quality or stable funds. For example, Guotai Haitong CSI 500 Index Enhanced A, Bodao Wubai Zhihang Stock A, GF CSI 500 ETF, Guojin Quantitative Multi-Strategy A, and Southern CSI 500 ETF are among them.

Among these, Bodao, Guotai Haitong, GF, Guojin, and Southern all have good industry teams. Especially, Bodao’s quantitative products have been relatively prominent in recent years, and bank wealth management products that layout high-quality index-enhanced products are a relatively reliable strategy to seek to outperform the index.

Choosing index funds is also a good approach

Besides quantitative products, some bank wealth management institutions with industry allocation capabilities are evidently selecting their preferred index funds.

For example, the Hang Silver Wealth Happiness 99 Jin Hang Equity Digital Economy 180-day Holding Period 2502 Product A, at the end of the first quarter, held multiple public funds, including Guotai Zhongzheng Full Index Communication Equipment ETF, Huaxia Guozheng Semiconductor Chips ETF, Harvest Shanghai Stock Science and Technology Innovation Board Chips ETF, ICBC Credit Suisse Shanghai Stock Science and Technology Innovation Board 50 ETF, and Guotai CES Semiconductor Chips Industry ETF.

This configuration strategy clearly reflects the institution’s industry outlook, adopting a certain degree of diversification to share investment gains in specific sectors of the equity market, while also being relatively beyond the scope of individual fund managers’ capabilities.

Convertible bonds also contribute

In the traditionally considered low-yield fixed income field, Agricultural Bank Wealth has delivered an impressive performance this year.

Its “Peace of Mind” and “Smooth” series performed strongly, with the Agricultural Bank Peace of Mind Flexibility 120-day O achieving 14.26% year-to-date, and five other “Peace of Mind” and “Smooth” series products returning over 10% this year, breaking the investor’s impression of low returns in fixed income products.

The Q1 report of Agricultural Bank Peace of Mind Flexibility 120-day O shows that the most held assets at the end of the period are Bosera CSI Convertible Bond and Exchangeable Bond ETF, with a proportion of 2.17%. Additionally, the product mainly holds listed bonds.

This partly leverages Bosera’s fund’s ability in convertible bond investments, and it’s also possible that it held other types of equity assets during the period, which contributed better returns.

Risk warning and disclaimer

Market risks exist, and investments should be cautious. This article does not constitute personal investment advice and does not consider individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular circumstances. Invest accordingly at your own risk.