90% of Yuanyue Debt Base earns a positive income of Zhejiang Merchants, Tianzhi and other affiliated 18 products with losses of more than 1%
Original title: Yuanyue debt-based super 90% positive income gold letter won the title Penghua Changsheng Yi Fangda led China Economic Network Beijing February 5 (Reporter Li Rongkangbo) Many investors are still immersed in the hot A-share market in 20
19At that time, January 2020 was over. Generally speaking, the performance of the stock market in January was clearly differentiated. Although the growth stocks continued to grow under the new 5G-driven technology cycle, the value blue chip stocks represented by big finance and big consumptionHowever, the weak trend led to a sharp decline in the motherboard market index.
Affected by the uncertainty of the main board market trend, investors’ higher risk aversion has lifted the bond market, and bond funds also created higher returns in January.
According to Wind data, among the more than 2,900 bond funds that can obtain comparable data in the near future, there were 2,739 products with positive returns in January, accounting for more than 94%.
Among them, there are 5 debt bases that have increased by more than 5%, and the highest increase is 8.
Specifically, the winner of the January Moon Bond Fund is Jin Xinmin Wang A. The outstanding performance of the fund is mainly due to the good performance of multiple technology stocks held by its heavy storage in January.
The latest disclosed quarterly report by Jinxin Minwang A shows that the fund’s asset allocation is mainly convertible bonds, supplemented by numerous stock investments. The top ten heavy stocks are Hikvision, Shengda Resources, and shares., Shandong Gold, Gree Real Estate, the same shares, Jin Yi Technology, Bank of China, Quartet Innovation, Feitian integrity.
According to statistics from the China Economic Network reporter, Penghua Fund has a number of bond funds in the top of the month’s increase in bond base, including Penghuafeng and A, Penghuafeng and C, Penghua convertible bonds, PenghuafengShang B, Penghua Fengshang A, etc.
Among them, Peng Huafeng and A, Peng Huafeng and C, Peng Huafeng Shang B, and Peng Hua Feng Shang A are all led by the same fund manager, Dai Gang, who has worked in the research and development department of Guangdong Min’an Securities; He joined Penghua Fund Management Co., Ltd. in September 2005, and worked in military research and analysis. He has held positions in bond pricing and special account investment managers.
Take Peng Huafeng and A as an example, the fund ‘s monthly increase was 4 yuan.
29%, ranked 7th in the list of debt base gains, and ended the close on January 23, the fund’s incremental unit net worth 1.
The Four Seasons Report shows that the fund has a balanced allocation of bond assets and stock assets, of which the bond assets are mainly high-rated credit bonds within three years, and the equity assets are allocated stock assets and convertible bonds assets, which are mainly stable varieties.
Changsheng Fund’s two convertible bond funds, Changsheng Convertible Bond A and Changsheng Convertible Bond C, also ranked on the top ten list of January-month bond funds, with gains of 3 respectively.
In addition, products such as Yifangda Yuxin A, Yifangda Yuxin C, Southern Greek Yuan Convertible Bonds and Dacheng Convertible Bond Enhancement also increased by more than 3%.
On the drop list, Hongta Red Earth Ruixiang pure debt C yuan monthly decline was 2.
00%, ranking first in the decline of bond funds. It is worth noting that the fund was established on December 30, 2019. It has only been more than one month since its establishment, and its bond positions have not been announced.
However, from the perspective of the fund’s net worth trend, the fund’s net value fell by 2 on January 10.
12%. As a result, a reporter from China Economic Network inquired about its announcement and found that the fund had a large redemption on January 9, 2020.
On the whole, there were 18 bond funds exceeding 1% in January, including both pure bond products and convertible bond products. From the perspective of the convertible bond products with the largest decline, Zhejiang Shangfengli strengthened last year.Liquor, banks, securities firms and agricultural stocks were mainly allocated in the fourth quarter, while Tianzhi’s stable double profit mainly held bank stocks, and its decline in net worth was mostly dragged down by the weak trend of value blue-chip stocks.
The end of January coincides with the Spring Festival. The reporter noticed that before the Spring Festival, many bond fund products issued intensive announcements on the suspension of purchases or large purchases.
In this regard, relevant persons believe that the expansion of some Chinese New Year’s institutional funds through the use of currency funds or bond funds to arbitrage arbitrage.”Thank you.”
Regarding the bond market outlook, some market participants believe that the bond market is expected to continue to maintain a more positive performance in the short term.
Huang Weiping, nominally from Industrial Securities bonds, said that in the context of the current capital market due to the risk aversion, there are better trading opportunities in the bond market in the near future. After that, it is likely that monetary policy will maintain a loose tone in the short term.Time may stretch.
At the same time, the excessive term spreads provide long-term downward space.
In addition, the allocation of incremental funds requires a certain degree of dislocation in the current debt market supply and demand structure.
Oriental Securities bond analyst Pan Jie said that for credit bonds, low and medium grades are expected to be affected by risk appetite and spreads are expected to increase; high grades are expected to reflect high beta and performance.
For convertible bonds, under the condition that 杭州夜生活网 the risk appetite is down in the short term, the pressure is a high probability, but short-term adjustment does not change the long-term market demand.
If the growth rate of social financing maintains a relatively high growth rate, market risks are expected to rise again, and convertible bonds will usher in the “second spring”.
The top 40 bond funds in January rose or fell in the top 40 No. of securities referred to as January unit net value range% unit net value yuan fund scale scale securities referred to as re-united unit net value growth rate% unit net value yuan fund scale 1 Jinxinminwang A8.
02 Hongta Red Earth Ruixiang pure debt C-2.
502 Jin Xinminwang C8.891.
05Zhejiang Shangfengli enhanced -1.
The 133 West has a solid double-interest A6.
42 ICBC Credit Suisse Ruiying-1.
The 534 West has a solid double-interest C6.
22 Ping An Huilong Pure Debt -1.
225 Caitong grew steadily by A5.
18 days rule of steady double profit -1.
566 Caitong grew C5 steadily.
00 Hai Futong convertible bonds are preferred -1.
707 Peng Huafeng and A4.
15 Beixin Ruifeng Dingli C-1.
018 Peng Huafeng and C4.
14 Beixin Ruifeng Dingli A-1.
039 Changsheng convertible bonds A3.
19 Noam Juli C-1.
7610 Changsheng Convertible Bond C3.
43 Noam Juli A-1.
2711 Penghua convertible bonds 3.
84 Chuangjinxin convertible bonds selected C-1.
0212 Yifangda Yuxin A3.
21 Bank of Communications convertible bonds C-1.
0213 Yifangda Yuxin C3.
86 Chuangjinhexin Convertible Bonds Selected A-1.
0114 CITIC Prudential reached A3.
71 Bank of Communications convertible bonds A-1.
2415 Soochow Zengli C3.
02Huafu Convertible Bonds-1.
6016 Soochow Zengli A3.
Twelve countries are steadily C-1.
1117 Southern Greek yuan convertible bonds 3.
The 80-nation Rongrong A-1.
0118 Fu Anda enhanced earnings A3.
39 days rule steady Shuangxin-1.
7219 Fu Anda enhanced earnings C3.
56 China Shipping Convertible Bond C-0.
4620 Dacheng convertible bonds enhanced3.
24 Zheshang Huiying Pure Bond C-0.
0021 Bo Shitian Yi C2.
91 China Shipping Convertible Bond A-0.
9122 Bo Shitian Yi A2.
66 Xinhua Fengli C-0.
1123 Rich Countries Convertible Bonds 2.
41 South Tycoon C-0.
0024 Bo Shi convertible bonds strengthen A2.
70 Xinhua Fengli A-0.
2025 Penghua Fengshang B2.
44 Huaxia Ankang Credit preferred C-0.
7626 Bo Shi convertible bonds strengthened C2.
49 Nuo An Henghui -0.
0027 Furong Fuan A2.
02 Boshi Credit Bond C-0.
1628 Furong Fuan C2.
00 Galaxy Ruyi -0.
3329 Penghua Fengshang A2.
98 Huaxia Ankang Credit Co., Ltd. is A-0 preferred.
4430 People’s livelihood plus silver-to-bond conversion is preferred to A2.
06 Boshi Credit Bond A-0.
3931 Huaxia Dingli C2.
65 Boshi Credit Bond B-0.
3932 Cathay Pacific Convertible Bonds 2.
61 Xinhua Zengyi C-0.
3733 Huaxia Dingli A2.
25 Xinhua Zengyi A-0.
2434 People’s livelihood plus silver to debt conversion is preferred to C2.
44 Xinhua Dingli C-0.
0835 Caitong earnings enhanced A2.
21 Xinhua Dingli A-0.
3336 Caitong earnings strengthened C2.
09 Baoying enhanced earnings C-0.
1437 Yifangda double debt enhanced A2.
79 Baoying enhanced earnings AB-0.
2738 Dacheng Jingrong C2.
04 Chinese businessmen’s double debt C-0.
6139 Dacheng Jingrong A2.
40 Dongfang Yongxi 18 months C-0.
0040 Bank of Communications double profit C2.
10 ICBC Credit Suisse convertible bonds preferred C-0.
24 Source of data: Wind (end date of scale: December 31, 2019)