How to choose the debt base?
1. See how long the fund has been established.
When choosing products, you can choose those debt products that have been established for more than 3 years or have experienced a complete bull-bear cycle.
2. Look at the fund manager
Compared with stock funds, the performance persistence of bond product fund managers is stronger than that of stock funds. Why do you say that? Because the fund manager of debt products, the income mainly comes from the fund manager's grasp of the bond market, such as monetary policy, the trend of market interest rates and so on. And this macro-grasping ability is continuous. There are two most intuitive data for fund managers to measure debt products: one is the experience of fund managers. 5 years and 10 years experience is preferred; Observe whether you have relevant bond research experience. The second is the performance of all debt products managed by fund managers in the past. For example, what is the income and whether there has been a sharp retracement.
3. Look at the historical increase and retracement.
Looking at the overall trend of the fund since its establishment, it is required that the net value trend has risen steadily all the way, with relatively few exits. Mainly from two dimensions: first, the annualized income of the fund is required to be higher than the average performance level of the same type of fund; Second, when looking at the income of debt products in different years, choose products with stable income in those years, such as positive annual income; Especially in the bond downside market. This kind of creditor's rights products are easy to obtain income.
4. Did the fund step on the thunder?
Credit bonds are different from national debt, and there is a risk of default. Some funds have higher returns, but this is obtained through the sinking of credit, which has great hidden dangers. If there are some risk events in the fund, we'd better avoid them. If the product has been established for a long time, the fund manager is experienced and the long-term annualized income is not bad, such debt products deserve our attention.
5. Output rate
Different types of bond funds will have some differences in fees, and the holding period and purchase channels will also affect the cost of buying and selling funds.
6. Investment team
Investing in bonds seems simple, but simple doesn't mean easy. Relatively speaking, debt products rely more on the strength of the team. The average working experience of team members is preferably at least 10 years; The more senior researchers there are, the better. The person in charge of the collection team is also as big as possible in the circle for many years.
7. Overall investment and research strength of fund companies
Under the background of breaking the continuous decline of risk-free income, fixed income+is being loved by more and more investors. If you invest in "fixed income+"products such as secondary debt-based and partial debt mixed funds, you need to pay attention to the investment and research strength of fund companies in the equity field.