Nowadays, more and more people invest in bonds and funds. Faced with numerous funds and bonds, investors are dazzled and feel at a loss. Especially recently, more and more people began to pay attention to bond funds. How to choose a bond fund? If you are still confused about the choice of bond funds, this article will help you. Come and study.

First of all, we should distinguish the types of bond funds. The types of bond funds can be divided into pure debt funds, primary debt funds, secondary debt funds and convertible bonds funds. Pure debt fund refers to the bond fund whose investment object is limited to those who do not participate in stock investment; Tier 1 bond funds refer to bond funds that can participate in the subscription of new shares in the primary market and hold stocks formed by the distribution of convertible bonds, convertible bonds and separately traded securities. Secondary debt funds refer to bond funds that can properly participate in investing in the secondary market and other financial instruments such as warrants allowed by the China Securities Regulatory Commission, and can also participate in the subscription of new shares in the primary market; Convertible bond fund refers to a bond fund that mainly invests in convertible bonds.

The risk of the above bond funds is from big to small, and of course the income is the same. Pure debt base cannot participate in stock investment; First-class bonds can play new shares; In addition to issuing new shares, secondary bonds can also participate in transactions in the secondary market appropriately. However, since the Securities Association has stopped issuing new bonds, the current primary debt base is equivalent to a pure debt base.

Secondly, it is necessary to understand the debt holdings of the fund. There are many kinds of bonds, but the characteristics of different bonds will change greatly in different periods, so what kind of bonds to buy depends on the investment objectives of investors. At present, the investment targets of bonds mainly include government bonds, financial bonds, corporate bonds and convertible bonds. The income and risk characteristics of these varieties are quite different, and the different allocation ratio of funds also leads to different risks of funds. Of course, convertible bonds are the biggest income risk, and the rise and fall of stocks are closely related to them. The most stable is the national debt, its biggest advantage is stability, but the income is also the lowest.

Then, try to choose a debt base with lower transaction costs. At present, there are about three kinds of debt-based charging methods, A is front-end charging, B is back-end charging, and C is a mode of exempting subscription redemption fee but charging sales service fee. Among them, the C model has been adopted by many debt bases, and the transaction costs of different debt bases will be two to three times worse. Investors should try to choose debt-based products with lower transaction costs.

Finally, it depends on the investment ability of fund managers. Generally speaking, fund managers have a very important influence on the performance of funds. In addition, the example of management team is also closely related to fund companies. The performance of bond funds mainly depends on the fund manager's grasp of the bond market, mainly through the national monetary policy, the trend of market interest rates, the golden ratio of the stock market and so on. If the performance of the bond fund is good, it shows that the fund manager has a strong grasp of the macro. Although there are many domestic fund companies, the strength of individual fund companies still varies greatly.