Bond funds, also known as bond funds, refer to funds that specialize in investing in bonds. By concentrating the funds of many investors, we can make portfolio investment in bonds and seek relatively stable returns. There are many kinds of bond funds, and different bond funds have different risk-return characteristics and investment strategies. So how should bond funds be bought? Let's get to know each other.

How should bond funds be bought?

1 Know your risk preferences and investment objectives.

Different investors have different risk preferences and investment objectives. Some people pursue high returns, some pursue low risks, some pursue stable returns, and some pursue liquidity. Therefore, when choosing a bond fund, you should choose a product that suits you according to your risk tolerance and income expectation. Generally speaking, investors with higher risk preference can choose products with higher risks but higher returns, such as credit bond funds and secondary debt bases. Investors with low risk preference can choose products with low risk but low returns, such as government bond funds and pure debt funds. Investors who pursue stable income can choose products that are open regularly or have the shortest holding period; Investors who pursue liquidity can choose ordinary open or short-term wealth management products.

2. Understand the operation mode and investment strategy of bond funds.

Different bond funds have different operation modes and investment strategies, which will affect the net value fluctuation of products, redemption rules, rate level and so on. Therefore, when buying bond funds, you should read the relevant instructions and contract terms carefully to understand the operating period, opening frequency, minimum holding period, performance comparison benchmark, risk warning and other information of the products. Generally speaking, the more flexible the operation mode, the more active the investment strategy, the greater the net value fluctuation, the more complicated the redemption rules and the higher the rate level; or vice versa, Dallas to the auditorium

3. Understand the trend and influencing factors of the bond market.

The bond market is a complex and changeable market, which is influenced by many factors such as interest rate, credit and liquidity. Therefore, when buying bond funds, we should pay attention to the trend and influencing factors of the bond market in order to grasp the opportunity to enter and exit the market. Generally speaking, the decline in interest rates is beneficial to the bond market, while the increase in interest rates is unfavorable to the bond market; The improvement of credit environment is beneficial to the credit bond market, while the deterioration of credit environment is not conducive to the credit bond market; Abundant liquidity is good for the bond market, while tight liquidity is bad for the bond market.

4 know your position cost and position duration.

After buying a bond fund, you should pay attention to the cost and duration of your position so as to adjust your position strategy in time. Generally speaking, the lower the holding cost and the longer the holding period, the greater the probability of obtaining positive returns; Or vice versa, Dallas is in the audience. Therefore, when buying bond funds, we should try to choose channels with lower rates or enjoy preferential discounts, and determine a reasonable holding period according to product characteristics and market conditions.

Bond funds can be purchased on Ant Fortune Mobile app, and the purchase process is as follows:

1. Download Ant Fortune Mobile app and log in with Alipay account;

2. After logging in, click "Fund" on the app homepage, and then click the performance ranking;

3. On the performance ranking page, click on the bond, which is the bond fund;

4. Among many bond funds, choose one, check the unit net value, hot performance and net value valuation of the fund, and then buy it.

How to choose a bond fund?

1, judging the macroeconomic environment

Generally speaking, interest rate cuts are good for bond funds. If the macro economy is in the cycle of interest rate reduction, then holding bond funds may get higher returns, otherwise, if it enters the cycle of interest rate increase, the yield of bond funds may decrease.

2. Choose the product that suits you.

Generally speaking, investors with low risk tolerance should choose pure debt funds, which only invest in the bond market. Investors with moderate risk tolerance can choose strong debt funds, which can invest in bonds or play new shares. Investors with high risk tolerance want to invest their main assets in bonds and some assets in high-risk and high-yield stock markets, so they can choose bond funds that can invest in the secondary market. Since the beginning of this year, the performance of strengthening the debt base has been even better, with an average yield of 4.59% in the past six months. Some of them, such as the Guangfa Strong Debt Fund, which was established in March 18, have achieved 7.20% by June 10.

3. Select the total rate of the fund.

The rate directly affects the income level of investors. However, due to the complex charging methods of bond funds, some bond funds are divided into three categories: A, B and C, and the rates are not clear at a glance. For example, some funds do not charge redemption fees, but the sales service fee is very high. Therefore, investors need to summarize all kinds of expenses and compare the total rates. Take Guangfa Strong Debt Fund as an example. There are no subscription fees and subscription fees for the Fund, and the redemption rate of fund shares with a term of less than 30 days is only 0. 1%. If the holding period exceeds 30 days (including 30 days), no redemption fee will be charged. The management fee is 0.6%/ year, the custody fee is 0.2%/ year, the sales service fee is 0.3%/ year, and the highest total rate is 1.2%, which is mostly calculated from the fund's net value and belongs to the fund with low handling fee.

4. Choose a more powerful fund company.

The performance of bond funds also depends on the overall strength level of fund companies. Only funds managed by fund companies with strong investment management ability, perfect risk control system and high service level are more likely to achieve long-term stable investment performance.

Choose according to risk preference

The so-called bond funds, as the name implies, mainly invest in bonds, and some also invest in stocks. However, according to the different proportion of bond and stock investment, bond funds are also divided into many categories. Investors can generally judge according to the name of the bond fund.

A fund with the words "pure debt" is a pure debt fund, which means that the assets of the fund are not invested in any stocks, and the expected return is relatively stable and the risk is low.

Funds with the word "bond" mean that some assets of such bond funds are invested in stocks, but the proportion of stock positions generally does not exceed 20%, so the investment risk is higher than that of pure debt funds, and the expected expected rate of return is relatively higher.

A fund with the words "convertible bonds" means that the investment target is mainly convertible bonds. Convertible bonds are both debt and stock, so the risk of convertible bonds funds is relatively high, generally belonging to medium and high risk funds.

In addition, the name of the fund will also include words such as long-term debt, short-term debt and ultra-short debt. On the whole, investors with low risk appetite can choose pure debt, short debt or ultra-short debt funds.

According to the fund transaction rate selection

The difference in transaction rates between different funds is mainly reflected in subscription fees, redemption fees and sales service fees. Generally, funds with the letter A at the end of their names indicate that they need to charge subscription fees and redemption fees, while funds with the letter C at the end of their names indicate that they need to charge sales service fees and redemption fees. It is more cost-effective to hold a class C foundation in the short term, and it is more cost-effective to hold a class A foundation in the long term.