Current location - Trademark Inquiry Complete Network - Tian Tian Fund - What are the factors that affect the net value of bond funds?
What are the factors that affect the net value of bond funds?
It is unknown what kind of market structure will eventually become in February of 65438+. A number of senior fund investors said that in the current complicated and changeable market, switching to debt-based funds, goods-based funds and capital preservation funds can better protect themselves and will not suffer too much setbacks. This is also a good time to invest in the debt base. Let's understand. Bian Xiao told you. What are the factors that affect the net value of bond funds?

1. What is the net fund value?

Also called net worth? Book value? . A stock value. Through the calculation of the company's financial statements, it is the accounting reflection of shareholders' rights and interests, or the value of the company's own funds corresponding to the stocks of that year.

Cumulative net value Cumulative unit net value = unit net value after the establishment of the fund+cumulative unit dividend amount. The level of fund net value is not the main basis for choosing a fund, but the future growth of fund net value is the key to judge the investment value. The level of net worth is not only influenced by the management ability of fund managers, but also by many other factors.

2. What are the factors that affect the net value of bond funds?

Influencing factors of bond fund 1 net value, credit rating

Some rating agencies regularly track the credit rating of bond issuers. If the credit rating of a bond drops, the price of the bond will drop, and the net value of the fund holding the bond will also drop.

Factors affecting the net value of bond funds II. Interest rate.

Because bond funds are fixed-income products, they are greatly influenced by interest rate changes, and the net value of funds will change inversely with the rise and fall of interest rates, and the extent of the change depends on the duration of bond funds (that is, the average maturity date of bond funds).

Factors affecting the net value of bond funds 3. Pay in advance.

Some bonds can be paid in advance. When the interest rate falls, the issuer who has the right to pay in advance will exercise this right. Fund managers have to invest the redemption funds in bond products with lower interest rates, which will reduce the return of fund integration.

Factors affecting the net value of bond funds 4. fund manager

The fund manager's market judgment ability, portfolio management ability and professional ethics level may all have an impact on the fund's income.

III. Reasons for the decrease in the net value of bond funds:

The influencing factor of bond fund net value is 1, and the stocks invested fall.

Many bond funds can invest in the stock market, such as primary debt base and secondary debt base, and can participate in the issuance of new shares and trade stocks directly in the secondary stock market. Falling stocks will naturally lead to a decline in the net value of bond funds. In addition, convertible bonds are a kind of bonds with strong stocks, so they are also greatly influenced by stocks, and the debt base of convertible bonds often falls with the stock market.

Factors affecting the net value of bond funds II. Investment bonds fell.

Most of the funds of bond funds are used to invest in bonds, and the bond market is also volatile. For example, in a market with strong interest rate hike or expectation of interest rate hike, many issued bonds will be sold off, resulting in a decline in the net value of bond funds.

Factors affecting the net value of bond funds 3. Dividend or split of bond funds will lead to a decline in net value.

Dividend itself does not generate income, and the net value will fall after dividend, which is also a possibility. For example, for a debt base of 1.5 yuan, if each one pays dividends on 0.2 yuan, the net value of the debt base after dividends should be 1.5-0.2= 1.3 yuan.