The size of the short-term bond fund has increased significantly! BOC Hengjia 60 days to take advantage of the momentum to "anchor"

In this year's "Golden Nine Silver Ten" season, the market that investors were eagerly awaiting did not appear, during which the equity market fluctuated and the market style remained differentiated. However, during this period, the increase in short-term pure bond funds was significant.

A shares continued to fluctuate, and short-term bond funds sprung up

The A-share market continued to be volatile in the third quarter, with the Shanghai Composite Index falling 0.64% and the Shenzhen Component Index falling 5.62%. Under the shock of the market, short-term debt funds have sprung up. (Source: Wind, time interval2021/7/1-2021/9/30)

Short-term bond funds are characterized by the strength of both bond funds and monetary funds, and their expected returns and risks are higher than those of monetary funds, while taking into account liquidity, and are often regarded as "enhanced versions of monetary funds".

According to the Report of Tianfeng Securities, the new shares of medium- and long-term pure bond funds in the third quarter were basically flat compared with the second quarter, and the new shares of short-term pure bond funds increased significantly; from the perspective of the yield of the third quarter, the median yield of short-term pure bond funds was 0.90%, higher than the 0.52% of the monetary fund.

At the same time, the report also pointed out that as of the end of the third quarter, the total value of the bonds held by the short-term bond fund was about 408.5 billion yuan, an increase of 22.34% compared with the end of the second quarter. In terms of bond allocation, short-term bond funds reduced the allocation ratio of interest rate bonds and other bonds in the third quarter, and increased the allocation of financial bonds, credit bonds and interbank certificates of deposit.

In line with the east wind of the market, BOC Hengjia set sail

The east wind is coming, and a hundred flowers are blooming. As the short-term bond fund has attracted more and more attention and favor from investors, BOC Fund has taken advantage of the trend and launched a short-term pure bond fund - BOC Hengjia 60-day rolling short-term bond A (013838).

Boc Hengjia's 60-day offering period runs from 8 November 2021 to 23 November 2021, and its investment objective is to pursue long-term steady appreciation of fund assets under the premise of controlling risks and maintaining asset liquidity.

From the perspective of investment scope, the fund invests in financial instruments with good liquidity, including bonds, asset-backed securities, bond repurchases, interbank certificates of deposit, bank deposits and money market instruments. Specifically, the proportion of investment in bond assets is not less than 80% of the fund's assets, of which the proportion of investment in short-term bonds is not less than 80% of the non-cash fund assets.

It is worth mentioning that BOC Hengjia does not invest in equity assets for 60 days, nor does it invest in exchangeable bonds, convertible bonds and bonds separated from the listing of segregated convertible bonds. At the same time, in principle, we do not actively invest in credit bonds with credit ratings of AA grade or below, and maintain the proportion of credit bonds with a rating of AAA to credit bonds held at 50%-100%.

In a way, investment is like driving a boat out to sea – when the wind and waves are calm, a flat boat can also travel freely; when the wind and waves are rising, the 10,000-ton giant ship is more resistant to wind and waves. Relying on the strong investment and research strength of BOC Fund, BOC Hengjia is "anchoring" and setting sail.

Risk Warning: Investment is risky, under the influence of market fluctuations and other factors, the fund investment may have losses, in a few extreme cases may lose all the principal. The fund manager does not guarantee that the fund will be profitable, nor does it guarantee a minimum return, the past performance of the fund does not indicate its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the performance of the fund. Before investing in the fund, investors should read the fund's prospectus, fund contract and other legal documents in detail, understand the specific product situation, and judge whether the fund matches its risk tolerance according to its own situation. The views expressed herein do not constitute investment advice or any other advice of BOC Funds and are subject to change as circumstances change.

Disclaimer: This article is reproduced and does not represent the position of Red Weekly and does not constitute investment advice.