Because bond investment management is not as complicated as stock investment management, the management fee of bond funds is relatively low. Investment bonds have regular interest returns and promise to repay the principal and interest at maturity, so the income of bond funds is relatively stable.
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Compared with investors directly investing in bonds, buying bond funds can enjoy many special treatments and get higher returns. For example, it can indirectly enter the bond issuance market and gain more investment opportunities; Can enter the interbank market and hold financial bonds with higher interest rates; You can enter the repurchase market and enjoy the treatment of super institutional investors who purchase new shares by financing and the interest income of risk-free reverse repurchase;
The cash assets of the fund are deposited in the custodian bank, enjoying the deposit interest rate of 65,438+0.89%, which is much higher than the deposit interest rate of 0.72% (including interest tax) for residents and enterprises; Enjoy various tax benefits. There is no need to pay stamp duty when purchasing and redeeming, and the dividends obtained can also be exempted from income tax; You can also enjoy the low transaction cost of fund bond investment.
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.