Recently, R2-rated wealth management products of banks have also suffered losses, which may make many people feel depressed. We should know that wealth management products are divided into five levels: R1 to R5, corresponding to five types of investors: conservative, cautious, steady, active and radical. Therefore, R2-level wealth management is low-risk and suitable for cautious investors, so it is unlikely to lose money. But now there are indeed many R2-type wealth management companies that have lost money. What are the reasons?

The reason lies in bonds. Recently, the bond market has been falling continuously. The bond fund I bought myself lost 1% in half a month, which is already very large. I don't know how long it will take to get into this 1% pit before I can make money. In the past, bonds were low-risk underlying assets, and a large number of PR2-level wealth management would allocate bond funds.

There is a guy named Good Balance, which many people may have heard of. Last year, the income was very high, reaching more than 4%. Many people laughed at Yu 'ebao and said that the difference between good balance and good balance killed Yu 'ebao. At present, the income of Yu 'ebao is already very low, and the annualized income has dropped to about 1.6% on the seventh day, but at least there is still income. What are the good balance and good financial management, all of which have suffered losses? What are the reasons?

It is also because they have allocated bond funds. In order to achieve the goal of both high liquidity and yield, these current wealth management funds allocate some assets to money funds and some assets to bond funds. Although the yield of money funds has generally dropped to 1.5%, they still earn at least, but the allocated bond funds have fallen and suffered losses, which has led to losses in these wealth management products.

so why does the allocation of bonds lead to losses? This is because bonds are trading assets, and the price will change every day. When the price of bonds rises, then the wealth management products with bonds will rise. In the past few years, bonds were in a bull market, but after May this year, all bonds were cold, and the overall decline occurred, leading to staged losses.

The decline in bond prices is obviously related to the epidemic situation. After the epidemic situation occurred in January, the market generally expected that the central bank would implement a substantially loose monetary policy, and the interest rate would drop significantly. The interest rate was negatively correlated with the bond price. The expectation of the downward interest rate pushed the bond price to rise continuously, and the prices of many bonds reached new highs in recent years.

However, as we all know, in May, the interest rate was not lowered, the expectation of continuous loose monetary policy was changed, at least the loose intensity was not as expected, and the bonds with high speculation were no longer sought after, which led to the general decline of bond prices, which led to the loss of wealth management or funds that allocated bonds in the recent stage.

so will there be a loss when it expires? In fact, this problem is not big. The loss is due to the recent decline in bond prices. However, on the whole, the expectation of loose monetary policy in the future still exists, and there is still room for the market interest rate to fall. After a period of decline, there is not much room for the bonds to continue to fall. The wealth management with losses is generally purchased in the past two months. If it is short-term wealth management, such as three months, it may lose money after maturity, but if it is one-year wealth management, it is highly probable that it will still be profitable.