年关了，大家的年终奖、年终分红都陆陆续续拿到了手，但是现在股市剧烈震荡，拿到手的钱应该往哪投资呢？有什么投资理财产品风险不高、收益又比较稳健呢？记者日前带着众多投资者的疑问，到各大银行去“淘宝”。

　　打新产品今年最好配一点

　　投资范围：新股申购

　　产品风险：较低

　　预期收益：10%－15%

　　星级评定：★★★★★

　　适合人群：稳健投资者

　　在投资理财产品的“淘宝”过程中，记者发现最近各种打新产品最多。“最近股市剧烈震荡，让更多人体会到了投资有风险这句话，在2008年的投资资产配置中，打新产品是一种不可或缺的选择。”招商银行南京分行财富管理中心胡燚告诉记者，打新股理财产品尤其在震荡行情下更显示出其稳定性和高收益性。

　　据了解，去年打新股理财产品收益都相当出色，以招行为例，前期发行的16期打新产品，平均年化收益超过了20%。从去年下半年起，一只打新类产品往往能在南京售出几亿元。

　　因为最近股市震荡幅度较大，记者发现，最近各家银行都在推出各种各样的打新股理财产品，比如招行的第17期打新股产品，可以网上网下同时申购新股，而且还可申购可转债，同时银行还降低管理费收费标准，这些创新都有可能增加打新股产品的投资收益。此外，交行、深发展都推出新股随心打，中信有新股只只打、月月打，光大银行推出如意新股，民生银行新推股债双打，都会帮助投资者通过新股申购获取稳健投资收益。

　　“不过打新的资金越来越多，收益就会被摊薄。”光大银行理财中心负责人魏威称，全国打新资金已经达到3.5万亿，今年关注打新的资金会更多。工行新街口支行贵宾理财中心专家认为，考虑到可能新的新股申购办法会对新股理财的收益有影响，建议2008年投资者应对打新类产品保持合理收益预期，预计年收益在12%-15%左右。

　　结构性产品要选好挂钩对象

　　投资范围：挂钩各类标的

　　产品风险：较低

　　预期收益：0%－10%，甚至有可能亏损部分本金

　　星级评定：★★★

　　适合人群：能承担有限风险，在保住绝大多数或是全部本金基础上，希望博取更高收益的投资者

　　去年最受投资者非议的投资理财产品就是运作一年之后收益为零甚至亏损的部分结构性产品。“其实并非像一些市民理解的那样，银行通过这些产品来故意赚投资者的钱。”南京一银行理财专家告诉记者，去年下半年银行推出的和港股挂钩的结构性理财产品，因为受到港股下跌影响，现在收益基本为零，甚至亏损。于是年关结构性理财产品突然“销声匿迹”，记者发现，最近银行很少开卖结构性理财产品。即使有，也是挂钩商品指数的一些产品。

　　民生银行南京分行首席理财师赖祺称，最近国际市场挂钩股票、指数类产品由于受到次贷危机影响，收益大打折扣，因此投资者对结构性产品投资需要谨慎。民生银行日前推出了挂钩商品指数的结构性产品，风险相对较小。罗杰斯最近也发表言论称，看好商品市场，认为商品牛市或将持续到2018年。

　　而结构性产品和其他理财产品不同的是，它有保本或者部分保本机制。大多数结构性产品可以100%保本，有些结构性产品保本95%或92%，投资者可根据自己的风险承受能力选择适合自己的产品。

　　QDII产品可分批买入

　　投资范围：境外各类股票、基金

　　产品风险：中等

　　预期收益：看具体产品表现

　　星级评定：★★★

　　适合人群：希望将家庭资产进行全球配置的投资者

　　去年四大基金公司推出的QDII基金全部亏损，而银行系QDII基金也表现不好。但是就在QDII亏损的时候，一些理财专家认为却是最好的买入时机。

　　中信银行南京分行一位理财专家称，去年QDII基金发行的时候，他没去赶这热闹，现在有的净值已经跌到0.75元了，他觉得机会到了，“我让我老婆把所有的钱都拿出来买QDII了，别人买是在巅峰之上，现在越跌买入机会越好，越是别人不敢买的时候，才越要买。”

　　他建议，如果家庭资产需要做一个全球配置，那么现在是买入QDII一个比较好的时机，而且在投资策略上，应该是先买一部分，如果再跌，再买入。

　　记者发现，年关不少银行还是推出了QDII基金的新产品，挂钩境外某单只基金或是基金组合。一般5万元起点。

　　银行存款有好多替代产品

　　投资范围：债券、票据等

　　产品风险：较低

　　预期收益：3%－6%

　　星级评定：★★★★

　　适合人群：谨慎型投资者

　　年关到了，最近各家银行纷纷推出了存款的替代型产品，适合于谨慎型投资者。

　　比如工行的“灵通快线”超短期理财产品。投资者可于每个工作日办理申购和赎回，投资者即时购买该产品时，资金实时结转为理财产品份额，即时享受收益；主动赎回本产品，资金瞬时到账，流动性高于目前市场中任何一种理财产品，能够帮助投资人进行有效的现金和投资管理，特别适合股市震荡加剧时为闲置资金寻求一个安全的港湾。“灵通快线”超短期理财产品主要投资于国债、央行票据、金融债、企业债等债券及优质企业信托融资项目、货币市场基金、回购、新股申购、银行承兑汇票等投资管理工具，产品按日计算收益、按季分红，年预期收益率2%，高出活期存款税后收益2倍以上。此外，投资人可与工行签订一份“利添利”账户理财协议，即可实现本理财产品的自动购买与赎回。

　　此外，招行、光大银行都有超短期的固定收益理财产品，可替代存款。

　　实习生 商芷清 记者 王海燕

　　节前南京各大银行理财产品一览表

银行         名称             类型             期限            起点         预期收益         发行日期

                                                                 金额                                

中国         人民币博弈理财    债券，回购国债    1个月、3个月    5万         3％、3.8％保本    每月都有

银行                                                                                                

    中银新股理财产品    打新股    12个月    5万    5％－15％    每月都有

工商            “灵通快线”超短期                         国债、央行票据、金融债、企业债等债券，及优质企业信托融资项目、货币市场基金、回购、新股申购、银行承兑汇票等投资管理工具    无固定期限                            5万                 2%，按日计算收益、                1.25－2.2

银行            人民币理财产品                                                                                                                                                                                                                 按季分红                            

                稳得利新股申购型                            打新股                                                                                                                    3个月、6个月、12个月                 5万                 5％－15％                         2月初

光大            T计划                                     信托。国家开发银行或4大商                                                                                                 3个月、6个月、                        5万                 4.3％、4.7％、                    1.25－2.4

银行                                                        业银行担保的政府基础投资                                                                                                 12个月、网银12个月                                         4.85％、4.95％                        

                同赢19号产品一号                            打新股                                                                                                                    322天                                 5万                 6％－25％非保本                 1.21－2.3

                如意新股                                    打新股                                                                                                                    1年                                 5万                 5％－15％不保本                 常年销售

招商            新股申购17期                                打新股                                                                                                                    9个月                                 5万                 7％－20％                         1.28－2.3

银行                                                                                                                                                                                                                                                                                

                QDII，富达中国焦点基金                     投向境外对应单一基金                                                                                                     3年                                 5万                 ／                                申购中

                QDII，景顺中国基金                         投向境外对应单一基金                                                                                                     3年                                 5万                 ／                                申购中

                QDII，德盛亚洲基金                         投向境外对应单一基金                                                                                                     无固定期限                            5万                 ／                                申购中

                邓普顿亚洲增长基金                         投向境外对应单一基金                                                                                                     无固定期限                            5万                 ／                                申购中

                招银资产管理全球核心＋                     投向境外基金组合                                                                                                         无固定期限                            5万                 ／                                1.28日结束认购

                卫星引擎增长组合                                                                                                                                                                                                                                                    

                金葵花日日金系列                            T＋0的类货币基金                                                                                                         无固定期限                            5万                 高于7天通知存款利率             申购中

                人民币债券理财                             银行间债券市场                                                                                                            1个月、3个月                         5万                 3.05%、3.45%                     1.23－1.30

华夏            创赢7号                                     基金、现金类投资，打新股                                                                                                 12个月                                5万                 8％－30％不保本                 1.11－1.29

银行                                                                                                                                                                                                                                                                                

江苏            紫金理财稳健1号                             ／                                                                                                                        3个月                                                     5.88%                             1.24－2.3

银行                                                                                                                                                                                                                                                                                

交通            得利宝天蓝                                 主要投资于封闭式基金、                                                                                                    12个月                                5万                 6％－40％不保本                 1.25－2.18

银行                                                        开放式基金及新股申购                                                                                                                                                                                                    

民生            丰衣足食新春贺岁                            以棉花、玉米等农产品期货为                                                                                                12个月                                5万，                6.6％上不封顶                     1.25－2.3

银行            人民币结构性理财产品                        挂钩标的，间接投资商品市场                                                                                                                                     1万递增                                                    

                QDII基金                                    全球成长与资源基金组合                                                                                                    无固定期限                            5万                 ／                                1.18－2.22

                好运9号股债                                 打新股、可转债交易                                                                                                        半年                                 5万                 5%－15%                         2.1－2.20

                双打利由新升                                                                                                                                                                                                                                                        

深发展         新股随心打                                 打新股                                                                                                                    开放式                                账户保证             8％－25％                         至2008.12.30

银行                                                                                                                                                                                                                        余额5万                                                    

中信            0801新股申购                                新股增强型                                                                                                                10个月                                5万                 6%－20%                         2.18截止

银行                                                                                                                                                                                                                                                                                

                0802新股申购                                新股增强型                                                                                                                6个月、10个月                         5万                 6%－20%                         2.13截止

                新股支支打                                 打新股                                                                                                                    无固定期限                            5.5万                4%－15%                         申购中

                新股月月打                                 打新股                                                                                                                    无固定期限                            5.5万                4%－15%                         申购中

                0801分离式可转债新股                        新股加可转债                                                                                                             1年                                 5万                 5%－20%                         2.14截止

                增强型理财产品                                                                                                                                                                                                                                                        

                双赢9号                                     新股加基金                                                                                                                2年                                 5万                 5%－20%                         申购中

                基金10号                                    新股加基金                                                                                                                2年                                 5万                 30%                             申购中