The main risk for bond funds lies in interest rate increases. Due to China's recent tightening monetary policy, it has successively adjusted the deposit reserve ratio and banks' personal deposit and loan interest rates, resulting in a loss in the net value of bond funds.

The bond funds on the market are now dominated by "strong bonds". They can subscribe for new shares and invest in stocks in the secondary market. This avoids the impact of interest rate increases on the net value of bond funds to a certain extent, but on the other hand, it also increases

the risk of investment.

So each has its pros and cons, but based on last year's performance, the returns from bond funds with investment functions are still good.