In August, over 90% of bond funds grew, and Penghua South and other gains exceeded 3%.
Original title: In August, Jiucheng ‘s bond-type fund grew by more than 3%, and Penghua ‘s southern income was more than 3%. China Economic Net, Beijing, September 3 (Reporter Li Rongkangbo) Although the stock market experienced strong shocks in August,As for the bond market, the bull market pattern is still very obvious under the current loose monetary policy background.
According to statistics, in addition to bond funds with net worth changes, in August, there were 2,853 bond funds in the market, and the number of net value increases accounted for 97%.
Compared with the relative level, the previous credit risk exposure in the bond market has been significantly reduced, which has also stabilized the performance of products with excessive positions in credit bonds.
Although there is no specific position in August, from the continuation of the second quarterly report, the debt base that had the highest gains in August was related to government bonds, policy financial bonds, credit bonds and convertible bonds, which is also in line with the general performance of bond funds in August.Rising pattern.
For example, TEDA Manulife Profit Bond A, the second quarterly report shows that its top five positions are 18 countries, 17 ND, 19 discount, 18 countries, mainly policy financial bonds, and Hongde Yutai Bond C second quarter reportShows that 18 positions in and out, 18 ND, 19 PetroChina, 19 Huadian, 19 Datong, credit claims.
It is obvious that in August when the A-shares fluctuated significantly, the net value of the convertible bond of the South Greek yuan increased by 3 in a single month.
84%, a clear lead.
The semi-annual report for 2019 shows that its holdings of stock assets13.
64%, bond assets 82.
34%, most of the top ten heavy stocks in the second quarter performed strongly in August, and Zhaozhao Yixin is expected to 杭州夜网论坛 surge 34 in August.
51%, Changchun High-tech Sustainable is a record high.
In fact, in the second quarter of the heavy warehouse Everbright Convertible Bonds, Monarch Convertible Bonds, and Avionics Convertible Bonds all closed at monthly highs after bottoming out in the first half of August. It is believed that the fund manager is holding these assets stably to achieve performanceGood growth.
Nanfang Xiyuan Convertible Bond Fund Manager stated in the second quarterly report: “The valuation of the convertible bond market dropped to a low level in June, and the characteristics of both offensive and defensive characteristics have clearly recovered. The risk-benefit ratio has increased significantly, and the feasible allocation value.
In the third quarter of 2019, the Southern Greek Yuan convertible bond fund will actively respond to market conditions, make full use of the advantage of convertible bonds at an estimated low level, and strive to dig up coupons and strive to obtain excess returns.
The growth of Peng Huafeng Shangding Bond A also benefited from convertible bonds, the fund’s second quarter report showed at 57.
5% of the bond assets are mainly convertible bonds, followed by corporate bonds and government bonds.
And its August net worth rose by 3.
65%, also among the top ten of the debt base increase list.
Looking at the drop list of bond funds in August, Chuangjinhexin Premium Pure Bond is the only debt base with a decline of more than 1%, and its net value fell by 2 in August.
24%, which is also down 3 since the first quarter of this year.
22%, down 6 in the second quarter.
After 05%, it continued to decline, ending August 30, and its net worth has fallen by 13 this year.
Schroeder Investment Management Bond Fund Manager Shan Kun said that since August, the risk-free returns of major world countries have declined, and the uncertainty of the world economy has made the entire market have a strong risk aversion. Looking at the global large-scale assets as a wholeIn China, gold and bonds performed well.
In the course of the bond bull run, due to the liquidity of transactions, the performance of policy banks’ financial bonds must transform the performance of government bonds, and the resulting income continuously seeks new lows. It is recommended to gradually overweight government bonds to resist potential changes in the market.
Debang Fund said that it will gradually release announcements to improve the LPR formation mechanism, improve the guidance of the downfall of loan interest rates, reduce the cost of physical financing, and the bank ‘s interest rate tends to shrink or increase risk appetite, increase the allocation of credit bonds, and generally benefit credit bonds.
However, under the current market risk appetite is not high, credit debt investment is still mainly high-grade.
The top 40 rankings of bond funds in August rose for a short period of 8 months and gradually increased the net value of the unit% of scale.
03 Chuangjinhexin Zunyingying Pure Debt -2.
002 Jin Xinminwang C4.
05 Haifutong convertible bonds preferred -0.
063 TEDA Manulife Profit A4.
00 Chuangxin Letters Poly C-0.900.
074 TEDA Manulife Profit C4.
00 Chuangxin Hexin Poly A-0.
185 Southern Greek Yuan convertible bonds 3.
59 Tianhong Wynn Bond E-0.
096 Hongde Yutai C3.
94 CICC convertible bonds C-0.
047 Hongde Yutai A3.
76 CICC convertible bonds A-0.
128 in the Kovotowaxiang 3.
48 Chuangjinxin convertible bonds selected C-0.
039 Penghua Fengshang A3.
93 Soochow Zengli C-0.
5710 Penghua Fengshang B3.
42 Soochow Zengli A-0.
4911 Tianzhi convertible bonds strengthen A3.
32. Selecting A-0 for convertible bonds.
0212 Tianzhi convertible bonds strengthened C3.
91 China Resources Yuanda reported a solid C-0.
0213 Shenwan Lingxin Convertible Bonds 3.
65 China Shipping Hejia strengthened its earnings by C-0.670.
0414 BOC converts bonds to strengthen A3.
67 China Resources Yuanda’s steady earnings A-0.
0315 Cinda Australia Bank Credit Bond A3.
68 China Shipping Hejia strengthened its earnings A-0.
3516 BOC convertible bonds strengthened B3.
51 Zhongrong Rongyu double benefit C-0.
0117 Cinda Australia Bank Credit Bond C3.
03Tianhong Wynn Bond A-0.
9818 GF Juxin C3.
00 Huaxia Ankang Credits preferred C-0.
7919 GF Juxin A3.
62 Zhongrong Rongyu double benefit A-0.
4120 Xincheng New Double Profit B2.
12 Days Hong Wynn Bond B-0.
1721 Penghua Convertible Bonds 2.
80 Jingshun Great Wall Jingtai Xinli pure debt -0.
0422 Furong Fuan C2.
00 Bo Shi Forex Pure Bond is scheduled to open -3 in 3 months.
5423 GF Jiyu A2.
75 Huaxia Ankang Credit preferred A-0.541.
1324 Soochow Youxin Steady A2.
12 CCB stabilized Tim Lee’s C-0.
0725 Shenwan Lingxin Wenyibao 2.
94 Xinhua Zengyi C-0.
4426 Soochow Youxin Steady C2.
00 on Morgan strengthened returns B-0.
0427 GF Jiyu C2.
02 Xinhua Zengyi A-0.
8028 Donghai Xiangrui A2.
11 ICBC Credit Suisse enhanced earnings B-0.
1529 Huabao Convertible Bonds 2.
59 ICBC Credit Suisse enhanced earnings A-0.
4530 Peng Huafeng and C2.
01 Chuanghexin Zuntai Pure Debt -0.
0031 Donghai Xiangrui C2.
05 on Morgan to strengthen the return A-0.
0632 Anxin Yongtai 2.
89 CCB stabilized Tim Lee A-0.
2033 China-Europe Convertible Bonds C2.
48 West gains Cheung Yat A-0.390.
0134 China-Europe Convertible Bond A2.
22 Wah Fu Hengli C-0.
0035 Cathay Pacific Convertible Bonds 2.
36 Tokai Xiangli pure debt -0.
0636 Soochow Dingyuan double debt A2.
00 West gains Cheung Yat C-0.
0037 Changsheng Convertible Bond C2.
21 Zhongrong Rongxin double profit C-0.
4938 Jiashi Wenhong A2.
35 Zhongrong Rongxin double profit A-0.
3039 People’s livelihood plus silver to bonds is preferred to C1.
27 Xinyuan Rayleigh is regularly open -0.
1440 GF Jijia A1.
59 Galactic Gained C-0.
04 Source: wind data (scale terminated June 30)