At present, low-risk arbitrage investment strategies are mainly divided into the following categories: fixed-income investment varieties, including government bonds, money funds, reverse repurchase, corporate bonds, bond funds, A-level funds, short-term arbitrage, new bonds, new shares and so on; Discount of stock investment varieties (discount can bring excess returns and outperform the broader market), including closed-end funds, QDII, LOF, graded funds, stock index futures, stock merger, H shares, warrants, etc. Equity investment varieties, including low-risk investment varieties such as guaranteed convertible bonds, cash option stocks, green shoe mechanism stocks, and invited subscription stocks; Low-risk investment products that can be merged, reorganized and repurchased by listed companies.
Among the four investment strategies, investing in convertible bonds is the most important one among the low-risk arbitrage strategies. At the beginning of 20 14, Red Weekly published several articles, prompting the investment opportunities of convertible bonds in the A-share market. In less than a year, key products such as Guo Jinke convertible bonds, Thiel convertible bonds and marine convertible bonds have all doubled or even doubled.
It is worth noting that these profits are achieved at the level of breakeven. If investors conduct repurchase transactions with bond pledges (the maximum leverage ratio is 5 times), the profits will be higher. The arbitrage opportunity of convertible bonds reappears. When it appears, it is a good opportunity for low-risk bond varieties to make a fortune.