How to choose bond funds
From the category of bond funds, it can be mainly divided into three categories: the first category is pure debt base, which only invests in bonds and does not invest in any stocks and convertible bonds; The second category is ordinary primary debt base, investment bonds and convertible bonds; The third category is the secondary debt base, which can invest in bonds and stocks at the same time.
What kind of varieties to invest in mainly depends on whether investors themselves are willing to accept the subject matter of equity, that is, investors' risk preference. If you want to give consideration to both stock and debt base, then you can give priority to secondary debt base; If you are unwilling to take risks, you will mainly rely on the primary debt base; If you are unwilling to bear the risk of convertible bonds, you will mainly rely on pure debt. From pure debt, to ordinary primary debt, and then to secondary debt base, the risk level is rising step by step. ? Ling Chao said.
As we all know, bond funds refer to funds that invest more than 80% of their assets in bonds. Then, in addition to the above-mentioned participation in equity investment, do you still need to pay attention to these 80% bonds?
Of course I know. ? Ling Chao pointed out that the more credit debts, the better the debt base performance. ? However, there are many credit default events now, and once there is a credit default event for bonds with high credit bond allocation, the net value of the fund will also fluctuate greatly. Through the analysis of the fund's heavy bonds in the quarterly report, we can also know the specific positions of the fund and whether it holds more credit bonds. , so as to choose according to their own risk preferences.