Pure debt base does not participate in stock investment; The primary debt base can play new shares; In addition to innovation, secondary debt base can also participate in secondary market transactions. Among the three, the secondary debt base has the highest risk, but the expected return is also the highest; It is difficult to make a big breakthrough in the income of pure debt funds, but its advantage lies in its stable income and low risk. From another perspective, bond funds can also be divided into convertible bonds and graded bond funds. Convertible bond fund mainly invests in convertible bonds, which has a certain "share", so it has the characteristics of "high income and high risk" Because the leverage of the graded debt base is often more than three times, when it rises, the income is high, and of course the risk is greater.
Fund managers have a decisive influence on fund performance. Of course, the strength of the management team is also inseparable from the strength of the fund company. At present, there are many domestic fund companies, but the investment and research strength of each fund company varies greatly.
From the experience, the debt base of fund companies with strong fixed income teams often stands out. Some research institutions believe that fund companies supported by big banks are big shareholders and can gain advantages in the process of cooperation with banks. At present, ICBC Credit Suisse has become the largest bond fund management company in China by virtue of this advantage. The fixed income teams of Wells Fargo Fund and Penghua Fund Management Company are also quite strong, and their bond fund products are numerous, giving investors more choices.
At present, many websites have fund rankings, so you can choose the top funds in different periods to buy. For example, you can first look at the performance rankings of bond funds in one year, then look at their rankings in three years after selecting the funds, and then select the top funds in two time periods.
Cost is one of the important factors that affect the fund's income. In the case of little difference in funds, try to choose a debt base with lower transaction costs. At present, there are three ways to charge the debt base: A is the front-end charge, B is the back-end charge, and C is the mode of exempting the subscription and redemption fee and charging the sales service fee, among which C mode has been adopted by many debt bases. The transaction costs of different debt bases will be two to three times different, so investors should try to choose debt-based products with lower transaction costs.