1. Important roles:
(1) First of all, the recognition of the fund will undoubtedly accelerate the two-way capital flow between the local market and overseas markets, thus promoting the internationalization of the local market. In the sense of capital, * * * with the fund recognition will further broaden the contact between local funds and the other market (especially considering that the target of * * with the fund recognition is obviously not the other market as the main investment direction of funds). Through mutual recognition of funds, all local and overseas ordinary investors have the opportunity to participate in most stock and bond investments in the other market.
(2) Secondly, the fund's recognition of * * * will undoubtedly promote the survival of the fittest in local and overseas asset management industries and accelerate the pace of local funds absorbing funds from overseas markets. In terms of investment rules, mutual recognition of funds is, to a certain extent, the exchange and accommodation of the asset management industry markets in the two places, which will not only promote the further fierce competition in the industry, but also further broaden the development potential of excellent asset management companies in the two places.
(3) Third, the further opening of capital in the two places will not only promote the internationalization of the local capital market, but also expand the influence of the local capital market.
2. Bond funds refer to funds with fixed-income financial instruments such as treasury bonds and financial bonds as their main investment targets. Because the income of its investment products is relatively stable, it is also called "fixed income fund". According to the proportion of investment in stocks, bond funds can be divided into pure bond funds and partial bond funds. By the end of August, 2065438+2009, China bond fund had increased by nearly10 billion yuan.
3. Features:
(1) Low risk and low return Because the investment target of bond funds-bonds have stable returns and low risks, the risks of bond funds are small. However, because bonds are fixed-income products, bond funds have low risks and low returns.
⑵ Low cost Because bond investment management is not as complicated as stock investment management, the management fee of bond funds is relatively low.
(3) Stable income investment bonds have a fixed interest return and promise to repay the principal and interest at maturity. Therefore, the income of bond funds is relatively stable.
(4) Pay attention to the current income. Bond funds mainly pursue relatively fixed income in the current period. Compared with stock funds, bond funds lack value-added potential. It is more suitable for investors who are unwilling to take too many risks and seek stable income in the current period.
4. Fund stocks usually refer to "stock funds", that is, funds that mainly invest in the stock market. According to the regulations, more than 80% of the fund assets of equity funds are invested in the stock market. At present, in addition to stock funds, there are bond funds, money market funds and hybrid funds in China market. Bond funds refer to funds that invest more than 80% of their assets in bonds. In China, its investment targets are mainly government bonds, financial bonds and corporate bonds. Money market funds are funds that only invest in money market instruments. Fund assets are mainly invested in short-term monetary instruments, such as treasury bills, commercial bills, bank deposit certificates, short-term treasury bonds, corporate bonds, interbank deposits and other short-term securities. Hybrid funds refer to funds that do not meet the classification standards of stock funds and bond funds and invest in stocks, bonds and money market instruments.