CITIC Securities: "Fixed Income +" scale continues to expand, significant increase in high-elastic product allocation in wealth management.

CITIC Securities pointed out that in May 2026, the equity market saw a structural rally, and convertible bonds followed the adjustment of the underlying stocks. Benefiting from the rebound in the bond market, most pure bond funds outperformed the remaining cost fixed-income funds. From the perspective of the beginning of the year to now, almost all types of "fixed income +" funds have outperformed pure bond funds.