When choosing bond funds, the traditional selection indicators mainly consider the following four points:

First, the performance of the rate of return, including the excess rate of return, the geometric average rate of return, the net growth rate of the weighted unit and other indicators;

Second, risk-adjusted returns, such as Sharp Index and Zhan Sen Index, are based on CAPM-related quantitative indicators;

Third, risk assessment, such as the standard deviation of rate of return;

The fourth is the investigation of bond portfolio, such as the variety, term, combination duration and convexity of bonds. In addition, some bond funds participating in secondary market transactions need to analyze their stock positions according to the portfolio analysis method of partial stock funds.

For different types of bond funds, you can pay more attention to the following points when choosing:

1, according to the specific details of the bond fund, respectively evaluate the variety of bonds/stocks to be held. For example, the choice of bond assets at different stages and so on.

2. Consistency of the bond fund manager's stock investment strategy, new share subscription strategy, strategy implementation degree and fund contract positioning in the secondary market.

3. Based on the domestic economic cycle and the historical interest rate increase cycle, reviewing the historical performance of bond funds can be laid out in advance and belong to market followers.

4. The ability of fund companies to obtain high-quality bonds: The inter-bank bond market is the main place for bond trading, so bank-based fund companies have more advantages than other fund companies in striving for high-quality bonds.

5. The personal ability of the fund manager. There are some differences between bond fund managers and stock fund managers when choosing fund managers with excellent past performance and long working years. The choice of bond funds should focus more on "transaction type", such as the working background of bond trading in banks.

6. Form of fund operation. Closed-end debt bases are easier to achieve excellent performance than open-end debt bases (there are innovative closed-end debt bases in China at present).