First of all, the definition of fixed income fund is different:

Fixed income fund:

1. Private investment funds (hereinafter referred to as fixed-income funds) refer to funds that mainly participate in the private placement of listed companies, that is, investment funds that mainly invest in the non-public offering of listed companies.

2. Private placement refers to the non-public offering of shares by listed companies to a few qualified specific investors. It is stipulated that the number of issuers shall not exceed 65,438+00, and the issue price shall not be less than 90% of the market price of the 20 transactions before the announcement. The issued shares shall not be transferred within 65,438+02 months (become the controlling shareholder or have actual control rights within 36 months after subscription).

Regular fund:

1, redemption of funds with fixed opening hours can be understood as a new type of closed-end fund. The advantage of this kind of fund is that the manager can concentrate on implementing the operation strategy during the closed period, avoiding the influence of daily redemption on the fund share, which is more conducive to the asset allocation and position management of the manager.

2. According to the regulations of each fund, the redemption opening hours of fixed-term open funds are different, generally 1 session/quarter, 1 session/year, 1 session/three years. Generally speaking, the longer the closing time, the better its performance, which is equivalent to the manager helping the people to make medium and long-term investments, thus putting an end to short-term speculation in disguise.

Two, fixed income funds, fixed income funds have different risks:

Fixed income fund:

1. Private placement is to issue shares to specific investors in a private way. In order to acquire assets or increase liquidity, listed companies often raise funds through private placement.

2. The price of private placement is often lower than the market price. The lock-up period of equity is about one year, and then it can be circulated, which enables investment institutions to participate in high-growth companies or industries in a concise and low-cost way, and easily obtain profits brought by the rapid development of companies or industries.

3. Private placement is attractive to investors with large capital, but the lock-up period of 1 year will still bring systemic risks to investors. Once the market turns, the risk of investors participating in private placement will increase.

Fixed fund:

According to the regulations of each fund, the redemption opening hours of 1 and fixed-term open-end funds are generally 1 time/quarter, 1 time/year and 1 time/three years. Generally speaking, the longer the closing time, the better its performance, which is equivalent to the manager helping the people to make medium and long-term investments, putting an end to short-term speculation in disguise and having low risk appetite.

Extended data:

1. Judging the trend of the stock index: Hedging hedges the systemic downside risk of the stock index, not the risk of individual stocks, so the timing of hedging is not to judge the trend of individual stocks, but to judge the trend of the stock index. For the analysis of stock index trend, it is necessary to combine fundamental and technical analysis.

2. Fundamental analysis: domestic and international macroeconomic trends, capital supply, national policy orientation, and changes in international macroeconomic policies.

3. Technical analysis: use trend line and wave theory to define the trend pattern (rising, falling or consolidation) and its stage, judge the market strength and level according to the trend line angle and moving average system, judge the top and bottom in combination with the K-line pattern, and define the main support level and resistance level (pre-high and low points, trend line, Fibonacci turn-back position, channel up and down track).

4. Hedging method and duration: The purpose of private placement is to protect the market value of private placement, so it belongs to selling hedging. Hedging is determined according to the trend strength and level of the stock index.

References:

Baidu Encyclopedia-Ding Sheng Fund