Everbright Wealth Management's certain product has fallen 14% this year, and another recent product has revealed its net value has dropped by more than half.

China Economic Net, Beijing, April 1—According to media reports, affected by recent market conditions, volatility in the bank wealth management market has intensified. The net asset value (NAV) of products under Everbright Wealth Management has recently experienced a sharp pullback.

Fixed-income products’ year-to-date returns tumble sharply—an explanation says it was due to NAV fluctuations

Economic Reference News reported on page 30 that an article titled “One Everbright Wealth Management product sees large-scale redemptions; year-to-date returns fall to -14.27%” shows that the product under Everbright Wealth Management Co., Ltd. (referred to as “Everbright Wealth Management”), named “Yangguang Jinzengli Jiankang Tiantian Gou Customized (90-Day Minimum Holding) 2A,” has seen three consecutive months of negative NAV growth since 2026. As of March 24, the product’s NAV drawdown year-to-date was 3.2%, placing it among the top for drawdown magnitude among all fixed-income products.

In addition to the sharp NAV pullback, this product’s recent yield has also dropped significantly, and it has incurred severe losses so far this year. Everbright Wealth Management’s official website shows that as of March 26, the product’s annualized yield over the past month was -8.35%, and its annualized yield over the past three months had already fallen to -13.15%. Its annualized yield since 2026 has further slid to -14.27%. As of March 26, the product’s annualized yield since its inception was only 1.15%.

On March 11, 21st Century Business Herald reported an article titled “Can’t ‘save the day’ with a lucky opener for ‘idle’ players: one lower-risk wealth management product leads with the biggest drop as the scale shrinks sharply,” showing that from the product issuing institutions, Everbright Wealth Management has four products with negative returns over the past three months. Everbright Wealth Management’s “Yangguang Jinzengli Jiankang Tiantian Gou Customized (90-Day Minimum Holding) 2A” had the worst performance, with a NAV growth rate of -3.32% over the past three months. The product was established on December 25, 2024. It is a two-star, lower-risk fixed-income wealth management product, with an initial fundraising size of 10 million yuan.

Securities Times reported an article titled “Everbright Wealth Management responds to a product’s NAV pullback: NAV fluctuation after large redemptions of a small-scale product,” stating that Everbright Wealth Management said the product is a customized wealth management product sold through a single distribution channel. When it was launched, the product scale was small, the offering limit was low, and the number of total holdings was small. For a small-scale customized product, due to customers redeeming, and because of the calculation rules used when confirming the redeemed shares, the book NAV was disrupted, causing NAV fluctuations. Meanwhile, because after the product experienced large-scale redemptions in the short term, its total scale was lower and the product’s investable assets were constrained (this product mainly invests in risk-free demand deposits), its overall return level was lower. However, related expenses still had to be accrued normally, leading to a period of downward NAV performance. “Overall, this is an industry-common phenomenon where NAV is calculated when a small-scale asset management product’s scale changes due to redemptions.”

China Wealth Management Network data shows that the issuing institution of “Yangguang Jinzengli Jiankang Tiantian Gou Customized (90-Day Minimum Holding) 2,” is Everbright Wealth Management Co., Ltd. Its investment nature is fixed-income, the fund-raising method is public offering, the operation mode is open-ended, NAV-based, and the product start date is December 25, 2024.

Equity-type wealth management products: last year it was reported that NAV declines exceeded half

Earlier, Time Weekly reported an article titled “Highest fundraising of 1.1 billion! Everbright Wealth Management rolls out ‘new products’ in clusters—yet for equity products, NAV declines are still as high as 54%.” It shows that on December 3, 2025, Everbright Wealth Management released multiple product issuance announcements. Everbright Wealth Management has a total of six equity-type wealth management products. Judging by their NAV performance, among the six equity products, there are still two products whose NAV fell below par value 1: they are Yangguang Red Health and Safety Theme Select and Yangguang Red New Energy Theme. Among them, Yangguang Red Health and Safety Theme Select’s unit NAV fell below 0.5, and the latest NAV was 0.4523.

Data from China Wealth Management Network shows that Everbright Wealth Management Co., Ltd. currently has a total of six equity-type wealth management products, namely Yangguang Red Selected 500 Index Enhanced, Yangguang Red New Energy Theme, Yangguang Red Public REITs Select No. 1, Yangguang Red ESG Industry Select, Yangguang Red 300 Dividend Enhancement, and Yangguang Red Health and Safety Theme Select.

According to Eastmoney, as of December 5, 2025, Yangguang Red Health and Safety Theme Select’s cumulative unit NAV was 0.4564 yuan, and the cumulative unit NAV growth rate was -54.36%. Its issuance start date was May 15, 2020. It is a wealth management product with no fixed term, not principal-guaranteed, and offering floating returns.

Eastmoney shows that as of March 30, 2026, Everbright Wealth Management—Yangguang Red Health and Safety Theme Select’s latest cumulative NAV was 0.4744 yuan.

(Editor: Wen Jing)

Keywords:

                                                            bank
                                                            wealth management