国信证券：银行理财从“类存款”到“多资产”转变

智通财经2025-04-21

智通财经APP获悉，国信证券发布研报称，长期看，理财子差异化转型来自于产品形态多元化，产品整改和转型的“赛跑”仍将持续。判断银行理财利用平滑收益的手段空间(包括不限于平滑基金、收盘价估值等)将逐步收缩，这倒逼理财子在产品设计上增加风险预算，通过多资产和多策略增厚收益。具体针对固收资产，机构将持续配置高票息资产，同时通过债券交易策略增厚产品收益;针对多元资产，转债、黄金、权益、商品CTA等均是传统...

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