First, the market environment factors
1. 1 Macroeconomic situation
The macroeconomic situation has an important impact on the debt base. Under the background of low inflation rate, stable economic growth and sound monetary policy, the debt base is relatively stable, while under the circumstances of rising inflation, declining economic growth and tightening monetary policy, the risk of debt base increases.
1.2 interest rate change
Interest rate changes have a great influence on bond prices, which can be seen from the formula of bond valuation. As interest rates rise, bond prices fall. Therefore, when choosing bond funds during the interest rate fluctuation cycle, we should pay attention to the risk of interest rate fluctuation and avoid asset losses caused by buying at the peak of interest rate.
Second, the fund attribute factors
2. 1 capital scale
Scale is an important index of fund investment. Large-scale debt base can effectively reduce the risk of investors holding a single bond, but there are also inevitable liquidity problems when the fund scale is enlarged, so we should pay attention to evaluation when choosing.
2.2 Fund types
Different types of debt bases are suitable for different investors, and factors such as issuers and regions, different investment targets, investment strategies and maturities will affect the characteristics of different types of debt bases.
2.3 Fund Manager
Fund manager is one of the important factors affecting fund performance. When choosing debt base, we should pay attention to the evaluation of fund manager's background, experience, operation style and income performance.
Third, the investment fund factor
3. 1 investment purpose
Investors with different investment purposes may have different emphases when choosing the debt base. For example, for institutional investors whose main goal is asset allocation, conservatism may be more important, while for individual investors, they need to pay attention to the income level.
3.2 investment period
The performance of debt base is relatively stable in the short term, but in the medium and long term, with the gradual increase of market risk, the income instability of investors is also increasing. Therefore, investors need to choose the debt base according to their investment period.
To sum up, there are many factors to choose the debt base. Investors need to pay attention to the market environment, fund attributes and investment funds when choosing debt base, and different investors need to choose according to their own investment purposes, investment duration and other different characteristics.