How to choose a bond fund? How to buy bond funds is better

There are also more than 2,000 kinds of bonds**, so how to choose bonds**? What about the benefits?

You say that you have the answer to this question yourself.30

1. Judge the macroeconomic environment.

Generally speaking, interest rate cuts are good for bonds, if the macro economy is in a cycle of interest rate cuts, then holding bonds** may obtain higher returns, and conversely, if entering an interest rate hike cycle, the yield of bonds** may decrease.

2. Choose the right product for yourself.

Generally speaking, investors with a low risk tolerance should choose pure debt**, which only invests in the bond market. Investors with a medium risk tolerance can choose strong bonds**, which can invest in bonds and new stocks. Investors with a higher risk tolerance who want to invest their main assets in bonds and invest some assets in high-risk and high-return markets can choose bonds that can invest in the secondary market.

The enhanced bond base has performed even better so far this year, with average yields over the past six months, and some of these outperformers, such as GF Strong Bond**, which was established on 18 March, have made gains as of 13 October.

3. Select the total rate of **.

The level of the rate directly affects the income level of investors, but due to the complexity of the charging method of bonds, some bonds are divided into three categories: A, B and C, and the rate is not clear at a glance, for example, some ** do not charge subscription and redemption fees, but have high sales service fees. Therefore, investors need to add up the various fees and compare the total fees. Taking GF Strong Bond ** as an example, the ** does not have any subscription fee or subscription fee, and the redemption rate is only for ** shares with a holding period of less than 30 days; If the holding period exceeds 30 days (including 30 days), no redemption fee will be charged, and the management fee will be annual, the custodian fee will be annual, the sales service fee will be annual, and the maximum total fee will be calculated in the net value, which is a lower handling fee.

4. Choose a more powerful company.

The performance of bonds also depends on the overall strength level of the company, and only the company managed by the company with strong investment management ability, perfect risk control system and high service level is more likely to achieve long-term and stable investment performance.

There are also more than 2,000 kinds of bonds**, so how to choose bonds**? What about the benefits?

If we want to buy bonds, we can buy them directly from the corresponding company.

Bond type ** is one of the ** products issued by ** company, bond type ** mainly invests in bonds, according to the requirements of the regulator, more than 80% of the market value of bond ** needs to be invested in bonds. When we want to buy bonds, we can determine the bond type we want to buy, open a trading account with the corresponding company, and we can directly buy the relevant bond**.

If we want to buy a bond**, we can also buy it at a bank branch. Most of the banks have established distribution cooperation with many ** companies, as long as we want to buy ** in the bank sales, then we can directly buy the relevant bond ** at the bank counter, the procedure is very convenient.

Clause. 3. If you want to buy a bond, you can go to the sales company to buy itIf you want to buy a bond, you can also go to the sales company to buy it.

Bonds**, we can buy according to the yield of the 10-year Treasury bond, and the yield of the 10-year Treasury bond can be bought at the time.

Bonds**, low risk and low returns, but pay attention to high-risk bonds**, some bonds** risk fluctuations are not much different from active **, understand your risk appetite, choose the type that suits you.

There are many ways to buy bonds, and there are three main ways to do it:

The first channel: buy directly from the ** company.

The second channel: make a purchase on the online trading system of the company.

The third channel: purchase in ** agency, such as bank, etc.

Bonds, also known as bonds, refer to those that invest in bonds, which seek more stable returns by pooling the funds of many investors to invest in bonds in a portfolio. In China, the investment objects of bonds** are mainly treasury bonds, financial bonds and corporate bonds.

Bonds are issued to investors when financial institutions, industrial and commercial enterprises and other institutions directly borrow from the society to raise funds, and promise to pay interest at a certain interest rate and repay the principal according to the agreed conditions.

One. Pay attention to the investment horizon of bonds**

Bonds** mainly make profits by investing in the bond market, and although enhanced bonds** can be invested in the ** market through "new stocks" and "investment in convertible bonds", there are strict proportion restrictions.

Two. Try to choose bonds with lower transaction fees**

At present, there are roughly three types of charging methods for bonds**: Class A is the front-end fee, Class B is the back-end fee, and Class C is the mode of waiving subscription and redemption fees and charging sales service fees, of which the Class C model has been adopted by many bonds**. Transaction fees vary by two to three times for different bonds**, so investors should try to choose bonds** products with lower transaction fees.

In addition, most of the old bonds** have subscription and redemption fees, while most of the newly issued bonds** replace the subscription fees and redemption fees with sales service fees, and the sales service fees are calculated from the **assets, and investors do not need to pay when trading.

Three. There are three main types of risks associated with investing in bonds**

1.Interest rate risk,That is, when the bank interest rate falls, the bond** can obtain a certain spread income in addition to the interest income; And when bank interest rates rise, bonds are inevitable.

2.Credit Risk,That is, if the credit status of corporate bonds deteriorates, the spread between credit bonds such as corporate bonds and corporate bonds and non-credit risk bonds will widen, and credit bonds may be possible.

3.Liquidity risk,The liquidity risk of bonds** is mainly manifested in the form of "concentrated redemption", but this is unlikely to happen at present.

1. Start with the investment scope of bonds: investors with low risk tolerance can choose pure bonds** or bonds with a low allocation ratio, and investors with high risk tolerance can choose **allocation bonds with high interest rates**.

2. Start with the investment performance of bonds: examine the historical performance of the manager and the strength of the company, and seek the best managers in the past to invest in the stronger companies.

3. Start with the transaction cost of bonds: the handling fees are different, investors can check the specific charging standards in the trading rules, and choose bonds with low fees for investment.

Common sense in the choice of bonds**:

To understand how to choose a bond**, you first need to understand what a bond is. Investing in bonds is equivalent to lending money to the issuer of the bond, and the principal is repaid at maturity of the bond, while receiving interest income at regular intervals, such as semi-annually. How long the bond will mature and the issuer's ability to repay are the two most important factors to be concerned about in bond investment.

Note: Bonds**, also known as bonds**, refer to those that specialize in bonds, which seek more stable returns by concentrating the funds of many investors to invest in bonds in a portfolio.

Investors may think that bonds only invest in bonds, but in fact, bonds** can also have a small part of the funds invested in the market, in addition, investing in convertible bonds and new shares is also an important channel for bonds to obtain income.

The bonds in the market mainly include bonds, pure bonds, and bonds, which can be divided into long-term bonds and short-term bonds according to their own investment styles. You can choose according to your risk appetite.

Generally speaking, the risk of bonds is higher than that of pure bonds, the risk of long-term bonds is higher than that of short-term bonds, and the products with a higher proportion of new stock products and higher proportion of investment and convertible bonds are expected to have higher annualized expected returns, but the relative risks are also greater. When choosing, it is also necessary to consider factors such as the manager's management level and past performance.

Bonds** are mainly invested in bonds, so they are highly attractive to investors who are looking for stable income. So for bonds**, the following is the content of how to choose bonds**, I hope you can gain something!

First, the scale of ** should not be too large.

The scale of the bond is not too large, it is best not to exceed 2 billion, and the scale of those particularly excellent bonds is generally not very large, because the bond is generally not actively traded, and the scale is too large, it is very difficult for the manager to move, and the scale is too large, and the opportunity will be missed.

2. The redemption rate should be as low as possible.

The yield of the bond itself is not high, so the subscription rate still needs to be considered, and the online purchase is generally more discounted than the bank counter purchase.

3. Find the type of bond that suits you.

There are several kinds of bonds, and from the classification of investments, the source is checked:

First, standard bonds, which invest in fixed-income financial instruments and cannot be invested in the market, are also often referred to as "pure bonds". Pure debt** can also be divided into short-term debt**, credit debt** and other types.

Second, the ordinary bond type is mainly invested in bonds, with a proportion of at least 80% of the assets, but it is also invested in the market. This is the type of bond that accounts for the main part of the Chinese market. These bonds** use the money to reinvest in the higher-yield** market after making a certain return on the bond.

Third, other types of bonds**, the main thing to distinguish is convertible bonds**.

Convertible bonds are a type of bond, but unlike general bonds, convertible bonds allow the purchaser to convert them into ** within a specified time frame, which is riskier than ordinary bonds.

Financial planners said that generally we see bonds with words such as "convertible bonds", "double bonds" and "income enhancement" in their names, and the allocation of convertible bonds is higher. Before allocating, it is recommended that investors should check the latest announcement of the specific positions.

Investors should also note that among the bonds, some of them are structured grade B, these are the leveraged investment varieties of the parent company, which are relatively risky, and too much touch on the upper fold or too much on the lower fold, will bring certain losses to the investment, especially the lower fold, so you need to understand clearly before investing.

Fourth, the overall strength of the company should be strong.

Bonds have strong certainty, so bond investment generally has a strong team, and the performance can be strong. To choose bond investment, you should choose companies and investment advisory teams that are good at bond investment, which can refer to the performance evaluation of some companies and teams on the Internet.

Fifth, it is necessary to consider the fluctuation of net worth.

Pure debt**, the less risk.

For other bonds**, the net value may fluctuate greatly, which also depends on the investment leverage ratio of the bond base. If you only look at high returns and ignore volatility, whether this is contrary to your original intention of seeking stability in your investment also needs to be considered before investing.

The steps for selecting a bond** are as follows:

1. Choose the one with a low comprehensive rate.

Many people never consider the rate when buying bonds, but in fact, the cost of bond-type ** has a great impact on income. In the long run, the yield of bond** is lower than that of the stock base, and the proportion of expenses is high.

2. The scale should be appropriate.

There are some mini-bond-type foundation difficulties in the market, and if this kind of ** short-term performance is not good, it may encounter the risk of liquidation and should be avoided**.

However, it is not good for the scale of bonds to be too large, because the liquidity of the bond market itself is worse than that of the market. In addition, excessive scale increases the difficulty of management and dilutes the benefits.

3. The proportion of institutions held by selected institutions is large.

Based on the data or regular reports, we can look at the institutional holdings of a certain bond base. Institutions have great research advantages, information advantages, and high investment professionalism, and choose them to hold a large proportion of bonds**, which is to follow the footsteps of institutions to buy bond bases, and the investment is more secure.

4. Choose the best company with strong strength.

Bond investment requires a very professional analysis and meticulous study of the bond market, and the old and large ** companies have more talent advantages. In addition, bond investment also has relatively high requirements for liquidity, and large companies have an advantage in terms of liquidity.

5. Choose an experienced manager.

This is a very important part, many bonds are actively managed products, and the manager's ability to invest in potato research is very important, especially in the long run, there will be a big gap in returns. It is recommended that investors choose a manager with a large scale of assets under management, an investment period of more than 5 years, and a relatively stable performance of management products for a long time.

In addition, for the sake of rigor, we need to consider the length of time of the latest manager. Wind data shows that many bonds** were replaced in 2017 and 2018 by new **managers, and the performance of the same **manager is continuously managed, and only then can the performance be sustainable and have reference value. Therefore, it is best to choose a bond that has not changed its manager in the last 3 years.

6. Choose the top long-term performance.

Although the performance of ** only represents the past, it does not represent the past. But for **, the test of ** is to refer to its historical performance.