1, policy risk. Risks arising from market fluctuations caused by changes in national macro policies (such as monetary policy, fiscal policy, industrial policy, etc.). ) .2. Business cycle risk. With the cyclical change of economic operation, the income level of the market also changes periodically. The income level of the Fund's investment in treasury bonds and stocks of listed companies will also change accordingly, resulting in risks.
3. Interest rate risk. The fluctuation of interest rate in financial market will lead to the change of price and yield in securities market, which will directly affect the price and yield of national debt and the financing cost and profit of enterprises. When the fund invests in treasury bonds and stocks, the income level will also be affected by changes in interest rates.
4. Operating risks of listed companies. The operating conditions of listed companies are influenced by many factors, such as management ability, financial situation, market prospect, industry competition, personnel quality and so on, which will all lead to changes in company profits. If the listed company invested by the fund is not well managed, its share price may fall, or the dividend will be reduced, thus reducing the investment income of the fund and bringing risks to the investment of the fund.
5. Purchasing power risk. The income of the fund is mainly distributed in the form of cash, which may reduce the purchasing power due to the influence of inflation, thus reducing the actual investment income of the fund. The Fund is affected by other force majeure (such as war, natural disasters, etc.), which may lead to the loss of fund assets and affect the income level of the fund, thus bringing risks.