1, with different properties.
Nature is the most fundamental difference between the two. Although the investment targets are the same, one is fund investment and the other is bond investment. One follows the rules of the investment fund market and the other follows the rules of the bond market.
2. There are differences in pricing methods.
The net value of bond funds is calculated once a day according to the market, that is to say, bond funds have only one price a day, and bonds generally have expected expected returns, which fluctuate according to the expected expected returns, and generally have a closed period, and interest is paid at maturity or regularly.
At the time of settlement, bond funds will be purchased and redeemed on the open day, which will not change because of the net value of fund purchase and redemption. Bonds are bought and sold for a fixed period, and bond prices have little impact.
3. The risks are different.
The risk of the bond comes from the bond itself, and the investor bears the risk alone and obtains the expected return. Bond funds belong to investment funds.
On the one hand, it has the characteristics of fund risk, bond investment can only invest one at a time, and bond funds can allocate multiple bonds at the same time, so bond funds spread some risks; On the other hand, in addition to the risk of bonds, there are also financial risks brought by investment funds, which sometimes increase the proportion of other investment targets and increase risks.
4. There are differences in investment majors.
Bond investment requires investors to have certain professional and investment experience and the ability to analyze market prices. Bond funds allocate funds to professional managers, and investors can get the expected return of the fund even if they don't have much investment knowledge.
So much about the difference between bond funds and bonds, hoping to help you better distinguish the two. Warm reminder, financial management is risky and investment needs to be cautious.