Convertible bond fund refers to the fund that mainly invests in convertible bonds, and the proportion of convertible bonds is generally around 60%. Compared with pure debt funds, convertible bond funds have slightly higher risks and relatively higher returns. Pure debt fund is a fund that specializes in investing in various bonds, and the proportion of bonds is above 80%. Compared with convertible bond funds, pure debt funds are slightly less risky and have relatively low returns, but their returns are relatively stable.

I. Basic concepts

Financial management refers to the management of finance (property and debt) for the purpose of maintaining and increasing the value of finance. Financial management can be divided into corporate financial management, institutional financial management, personal financial management and family financial management. Financing channels include bank financing, securities company financing, insurance financing and investment company financing. And investment channels include speculation, funds and stocks.

Second, the origin

The word "financial management" first appeared in newspapers in the early 1990s. With the expansion of China's stock and bond markets, the enrichment of commercial banks and retail businesses, and the increase of citizens' overall income year by year, the concept of "financial management" has gradually become popular. Personal financial management can be roughly divided into personal assets and personal liabilities, including funds, stocks, bonds, deposits, life insurance, gold and other personal assets; Personal housing mortgage loan and personal consumption credit belong to personal liabilities.

Third, the specific content.

Financial management, as its name implies, refers to financial management. When people talk about financial management, they think of either investing or making money. In fact, the scope of financial management is very wide. Financial management is to manage the wealth of a lifetime, that is, the cash flow and risk management of an individual's life. Contains the following meanings:

1. Financial management is a lifelong treasure, not just to solve the problem of urgent need for money.

2. Financial management is cash flow management. Everyone needs money (cash outflow) when he is born, and he also needs to make money to generate cash inflow. Therefore, whether you have money or not, everyone needs to manage money.

3. Financial management also includes risk management. Because more flows in the future are uncertain, including personal risk, property risk and market risk, which will affect cash inflow (income interruption risk) or cash outflow (cost increase risk).