What are the E Fund Bond Funds?
How to choose a bond fund?
1, look at the lineage: distinguish the investment direction.
According to the different investment characteristics, bond funds are mainly divided into three categories: pure debt base, primary debt base and secondary debt base. Pure debt base does not participate in stock investment; The primary debt base can play new shares; In addition to innovation, secondary debt base can also participate in secondary market transactions. Among the three, the secondary debt base has the highest risk, but the historical expected annualized expected return is also the highest; It is difficult to make a big breakthrough in the expected annualized expected return of pure debt funds, but the advantage is that the expected annualized expected return is stable and the risk is low. From another perspective, bond funds can also be divided into convertible bonds and graded bond funds. Convertible bond fund mainly invests in convertible bonds, which has a certain "share nature", so it has the characteristics of "high expected annualized expected return and high risk"
2. Look at the cost: the transaction fee is low.
Cost is one of the important factors that affect the expected annualized expected return of the fund. In the case of little difference in funds, try to choose a debt base with lower transaction costs. There are three kinds of charging methods for debt bases: A is front-end charging, B is back-end charging, and C is a mode of exempting subscription and redemption fees and charging sales service fees, among which C mode has been adopted by many debt bases. The transaction costs of different debt bases will be two to three times different, so investors should try to choose debt-based products with lower transaction costs. In addition, the old debt base has subscription and redemption fees, while the new debt base replaces the subscription and redemption fees with sales service fees, which are accrued from the fund assets and do not need to be paid by investors when trading.
In addition, if you choose different ways to buy the same fund, the rate is different. If you buy a bond fund in official website, the subscription fee is basically 40% off, but the bank counter is not favorable.
3. Look at the ranking: determine the expected annualized expected return.
The ability of the fund to beat the market, that is, the ability to obtain annualized expected returns beyond expectations. The so-called excess expected annualized expected return refers to the expected annualized expected return after deducting the fund performance benchmark from the fund net growth rate within a certain time range. If it is simpler, compare the rankings in the same period and try to choose the top-ranked funds. This method is more operable for ordinary people.
4. Look at the manager: investment ability
Generally speaking, fund managers have a decisive influence on fund performance. Of course, the strength of the management team is also inseparable from the strength of the fund company. The performance of bond funds mainly depends on the fund manager's grasp of the bond market, mainly through the national monetary policy and the expected annualized interest rate trend of the market. If the bond fund performs well, it shows that the fund manager has strong macro-grasping ability. There are many domestic fund companies, but the investment and research strength of each fund company varies greatly.