CITIC Securities: "Fixed Income Plus" fund enters new blue ocean of development.

According to a research report by CITIC Securities, the performance of pure bond funds is expected to continue weakening in 2025, while the performance of "fixed income +" funds is advantageous. By the end of the year, the scale of "fixed income +" funds has continued to rise to 2.47 trillion yuan, exceeding previous highs in both scale and share. Against the background of declining yields in pure bond strategies and strengthened stock-bond correlation, there is considerable potential demand from both institutions and individuals. "Fixed income +" funds are entering a new era of development. CITIC Securities believes that a diversified and multi-style lineup of "fixed income +" products and a differentiated product layout will be the key to success in the era of "fixed income +" new blue ocean.