Debt Base Wins Steadily This Year

The "seesaw" effect of stock debt has recently emerged again. along with Top of the market The net value of equity funds has shrunk, while most bond funds have maintained positive returns and continue to become a hot spot in the market.

　 Most of the performance is red.

This year, the stock market shock has intensified, but the performance of the bond market has been steadily rising. Wind data show that this year, nearly 230 debt base, only 15 debt based income is negative, more than 90% of the debt base has achieved positive returns. Seen from the net value increase, the classified debt base is in a leading position. Wan Jia Tian Li, Fu Guo Hui Li, Fu Guo Tian Ying and many other classified debt base are among the top gainers.

Data also show that many long-term performance of bond funds is also good, winning over the same period set up more than a stock base. For example, huitianfu, which was founded in September 2009, has enhanced its revenue bond C, which has won more than half equity funds and QDII funds established in the same period, ranking second in the 24 funds established during the same period. And huitianfu enhanced revenue bond A has earned more than 20% of its returns for investors since its inception. This year, its performance is in the front 1/4 of similar funds.

Due to the second half of last year Double bond This led to the fact that at the beginning of this year, there were not many bond funds with dividend conditions, far behind the number of fund dividends in the first quarter of last year. However, Galaxy data show that the number of debt bonuses has increased significantly this year. Peng Hua harvest debt base not only increased by more than 4% of the net growth rate last year, but also achieved dividends in January 19th this year, with a cash dividend of 0.34 yuan per 10 shares. Peng Hua Putian bond A and B also implemented a dividend of 0.4 yuan for every 10 funds in March.

　 Scale growth is fast.

Recently, the scale of debt raising has also exceeded the stock base. Statistics show that as of the end of 3, there were 17 funds raised in the market this month, with an average scale of 1 billion 143 million yuan, of which 10 stock funds were raised on average only 772 million yuan, while the average scale of 3 bond funds was up to 2 billion 268 million yuan, indicating that investors' risk preferences had changed.

According to feedback from some banking channels, the hot money products sold last year have begun to cool down recently, and some clients' financial focus has shifted to bond funds, and the size of some debt bases has increased sharply. Reporters learned from the Celestica fund, with the help of the bond market continues to go well, Tianhong Wynn gained the attention of bank customers after the Spring Festival. Due to the continuous large purchase of customers, the scale of the fund has exceeded 700 million yuan at the end of March, and the fund's scale at the end of last third quarters was only 58 million yuan, so that the size of the fund increased by more than 12 times in a short period of half a year.

This week, the rich country Xintian Feng regularly opened its debt base for sale. Bulletin information shows that the rich country "Xintian Feng" operates on a regular basis. As a pure debt fund that does not invest in the two tier market, the closed period of Xintian Feng is three years and traded on the Shenzhen Stock Exchange. Closed operation can provide convenience for credit bonds and other highly demanding bond investments. Fund managers can also leverage the operation to enlarge revenue when they are bullish on the market.

　　 Optimistic about credit debt

At present, the overall income level of credit bonds is at a historical high level and has gained quite a lot. fund manager The favor.

Ceng Liqiong, a Fidelity Fund Manager, said that under the background of the overall investment environment, credit bonds will usher in a better opportunity to build positions. In the second half of this year, investment opportunities may exist in the credit products whose main rating is AA- and AA. After the adjustment of last year, the absolute return and credit spreads of corporate bonds are at a relatively high level in history. Compared with interest rate products, corporate bonds are expected to gain higher coupons and capital gains in the future.