Bond funds are funds that mainly invest in financial instruments with fixed expected annualized returns, such as treasury bonds and financial bonds. According to the classification standard of China Securities Regulatory Commission on fund categories, more than 8% of the fund assets invested in bonds are bond funds. Bond funds can be divided into pure bond funds and partial debt funds according to the proportion of stock investment. The difference between the two is that pure debt funds do not invest in stocks, while partial debt funds can invest in a small number of stocks.

compared with other funds such as stock funds, bond funds do not charge subscription or subscription fees, and the redemption rate is also lower. Behind the advantages of many people, investors are most concerned about the risks of bond funds. Are bonds risky?

The risks of bond funds mainly come from the following aspects:

First, the expected annualized interest rate risk. If the country adopts a tight monetary policy, continuously raises interest rates and raises the deposit reserve ratio, the bond market will be restrained to a considerable extent.

second, credit risk. Many bond fund products allocate some assets to corporate bonds. For example, corporate bonds and convertible bonds are products issued by some listed companies through enterprises. These enterprises are influenced by the macro economy, or by themselves, and there may be some difficulties, and there may be a risk that they will not be able to repay their debts when due.

third, liquidity risk. When the central bank adopts a tight monetary policy or there is capital outflow, the liquidity of the market will be temporarily tight, and the bonds held will not be cashed in a short time, and there will be certain risks.