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Bond funds mainly invest in bonds, so they are attractive to investors who pursue stable returns. Bond funds are usually less volatile than stock funds, so they are usually considered as investment tools with moderate returns and risks by investors.
Equity funds aim at pursuing long-term capital appreciation and are more suitable for long-term investment. Compared with other types of funds, equity funds have higher risks, but also higher expected returns; The purpose of hybrid fund design is to let investors diversify their investments by choosing a fund type, without buying different styles of stock funds, bond funds and money market funds.
Hybrid funds adopt both aggressive and conservative investment strategies, with lower returns and risks than stock funds and higher risks than bonds and money market funds. It is a wealth management product with moderate risks. Open-end fund refers to a fund operation mode in which fund sponsors can sell fund shares or shares to investors at any time according to their needs, and can redeem the fund shares or shares issued at the request of investors when setting up the fund.
1, the highest long-term return is stocks, why should we match bonds?
There are two main reasons: first, risks and benefits are relative. The higher the return, the greater the risk. Although the long-term return of stock/equity funds is high, it fluctuates greatly. As an asset portfolio, we should not only consider profitability, but also consider stability. The combination of stocks and bonds can reduce risks, stabilize fluctuations and make growth more stable; Second, stocks and bonds are negatively correlated. When there is no good opportunity in the stock market, allocate bonds until the stock market falls; Bonds tend to rise, so this round of kinetic energy can increase returns.
According to my own income target and the different nature of funds, I am also making two portfolios, one is the index fund portfolio, and the other is the stock and bond portfolio, which shows my weekly fixed investment record.
2. The Hong Kong stock investment index lowered expectations and focused on individual stock investment opportunities.
The indexes of Hong Kong stocks, such as Hang Seng Index and Hang Seng State-owned Enterprises Index, are indeed inexpensive, but the investment index cannot be expected to be too high and the market efficiency is high, so it makes sense to underestimate it. However, we cannot turn a blind eye to a leaf. Some high-quality stocks are still worthy of attention, such as Tencent, HKEx, Changjiang Infrastructure, AIA, China Biopharmaceutical, etc. I know all these stocks, and I don't want to talk about some unknown stocks here. In fact, these stocks have a limited decline and are still not cheap enough.