The secondary debt base is a bond fund with medium and low risks, and its risks and expected returns are higher than those of the primary debt base. In addition to financial instruments with fixed expected returns, secondary debt-based investment targets also include participation in stock trading in the secondary market and investment in new shares in the primary market. Investors can refer to the fund contract to judge whether the fund is a secondary debt base.
As a secondary debt base, it also has its own characteristics. Asset allocation: High-yield bond portfolio selects new stocks to increase income. Product features: pure debt+new shares+selected stocks Risk features: medium and low risk
Second, the difference between secondary debt base and primary debt base
1, the investment target is different.
The primary debt base is to participate in the investment of new shares in the primary market in addition to financial instruments with fixed expected returns; The secondary debt base is not only a financial instrument with fixed expected returns, but also participates in stock trading in the secondary market and new stock investment in the primary market.
2. The investment scope is different.
Because the primary debt base invests in pure bonds and new shares, while the secondary debt base can also invest in secondary stocks, which means that the investment scope of the secondary debt base is larger than that of the primary debt base.
3. Different asset allocation
The primary debt base is a bond portfolio with high expected return, and it is a new stock; The secondary debt base is a combination of high expected return bonds and selected new shares to increase the expected return; In other words, the primary debt base is a combination of pure debt and new shares; The secondary debt base is a combination of pure debt, new shares and selected stocks, with different asset allocation.
4. Different risk characteristics
Due to the different investment targets and product composition characteristics, the risk of secondary debt base has increased; Generally speaking, the primary debt base is of medium and low risk, and the secondary debt base is of medium risk.
Can the third and second debt bases be renewed?
According to the different investment scope, the bond funds in the current market are divided into three types: pure bond funds, primary bond funds and secondary bond funds. Among them, the pure debt fund does not participate in stock investment, the primary debt base has innovative strategies, and the secondary debt base can participate in stock secondary market transactions appropriately except innovation. The biggest feature of the secondary debt base is that the shock can be defended and the bull market can be attacked.