According to the latest data from the third party agency Private Equity Ranking Network, as of December 12, nearly 1,500 private equity multi-asset strategy products with performance records had an average yield of 19.55% since this year, with over 90% of these products achieving positive returns. Furthermore, the yield of relevant products of first-tier private equity institutions was generally higher than 30%, and satisfactory responses were handed over for the second year in a row. The macroeconomic environment in 2026 is complex, and there is a high probability that the prices of some assets will continue to rise. “About 60% of our combined earnings this year came from commodities, 30% from equity, and the rest from other assets and transactions.” Zhao Yuan, head of a medium-sized macro-strategic private equity firm in Shanghai, concluded when reviewing its operations in 2025. His team invested heavily in gold and copper at the beginning of the year, and accurately grasped the main lines of global risk aversion and re-inflation transactions. These two types of assets contributed major profits throughout the year. However, when it comes to A-shares, he expressed slight regret. “We did not estimate the sharp rise in technology stocks in the first half of the year. The allocation was conservative, and we missed some opportunities. This just shows that it is difficult to predict the victory or loss of a single asset, but multi-asset allocation ensures that you don't miss the beta of the entire market. Furthermore, the sharp rise in silver and other precious metals at the end of the year was completely unexpected, but we have no regrets. The final benefits of multi-asset allocations cannot be expected to rise in a single asset.”

According to the latest data from the third party agency Private Equity Ranking Network, as of December 12, nearly 1,500 private equity multi-asset strategy products with performance records had an average yield of 19.55% since this year, with over 90% of these products achieving positive returns. Furthermore, the yield of relevant products of first-tier private equity institutions was generally higher than 30%, and satisfactory responses were handed over for the second year in a row. The macroeconomic environment in 2026 is complex, and there is a high probability that the prices of some assets will continue to rise. “About 60% of our combined earnings this year came from commodities, 30% from equity, and the rest from other assets and transactions.” Zhao Yuan, head of a medium-sized macro-strategic private equity firm in Shanghai, concluded when reviewing its operations in 2025. His team invested heavily in gold and copper at the beginning of the year, and accurately grasped the main lines of global risk aversion and re-inflation transactions. These two types of assets contributed major profits throughout the year. However, when it comes to A-shares, he expressed slight regret. “We did not estimate the sharp rise in technology stocks in the first half of the year. The allocation was conservative, and we missed some opportunities. This just shows that it is difficult to predict the victory or loss of a single asset, but multi-asset allocation ensures that you don't miss the beta of the entire market. Furthermore, the sharp rise in silver and other precious metals at the end of the year was completely unexpected, but we have no regrets. The final benefits of multi-asset allocations cannot be expected to rise in a single asset.”