1, the interest rate cut has little impact on bond funds, even the reverse effect: many bond funds invest in convertible bonds, which have a strong positive correlation with the secondary market of the stock market, so the stock market has plummeted recently, and convertible bonds are also falling, so the net value of bond funds has lost.

2. Convertible bonds refer to bonds that holders can convert into a certain number of other securities at a certain proportion or price within a certain period of time. Convertible bonds are short for convertible corporate bonds, also called convertible bonds. It is a special corporate bond that can be converted into common stock at a specific time and under specific conditions. Convertible bonds have the characteristics of both creditor's rights and options.