1, investment threshold
The denomination of convertible bonds is 100, the minimum subscription unit is 1 lot, and 1 lot is 10, that is, 1000 yuan is used for subscription. The investment threshold of convertible bond funds is low, generally starting from 10 yuan.
2. Investment channels
Convertible bonds are purchased in a similar way to stocks. Investors need to open securities accounts through brokers and trade in the trading system. Convertible bond funds are OTC funds, which can be purchased through various channels such as fund companies, banks and third-party consignment platforms, without opening a securities account. Therefore, in terms of investment channels, it is more convenient to buy convertible bonds funds.
3. Transaction rate
The transaction of convertible bonds requires a certain percentage of handling fee according to the transaction amount. The default transaction fee for Shenzhen convertible bonds is one thousandth, and there is no minimum fee. The Shanghai Stock Exchange is two ten thousandths, but the minimum charge is 1 yuan.
Convertible bond funds are divided into Class A and Class C. Class A requires subscription fee and redemption fee, and the subscription fee is generally less than the redemption fee after holding for a certain period of time, so it is more cost-effective to hold Class A funds for a long time than Class C funds.
4. Investment risk
Although convertible bond funds belong to bond funds, they fluctuate greatly, and most of them belong to medium and high risk funds. The convertible bonds bought in the primary market are bought at face value, and the bonds have interest, so the risk is relatively low, while the convertible bonds bought and sold in the secondary market have higher risk.
The above contents about the difference between convertible bond funds and convertible bonds, I hope to help you. Warm reminder, financial management is risky and investment needs to be cautious.