Recently, "collecting eggs" has become a hot word in the investment circle of the people, and many people are like writing notes, updating their own "egg collection" situation on social media platforms every day, and ridiculing each other as "egg collectors".
"Raising base eggs" is to invest in bond funds, and every 0.01% increase in the net value of the fund represents the receipt of an "egg", which is also known as "bond-based egg collectors".
Why is "collecting eggs" popular? Have you "collected eggs" today? How will the bond market go in the future? Today, Xiaobian is here to chat with you~
In the era of low interest rates
Asset allocation choices
After the introduction of the new asset management regulations in 2018, wealth management products have continued to transform to "net worth", and the rigid payment has been broken, and the promise of "guaranteed principal and returns" is no longer promised. At the end of December last year, the three-year deposit interest rates of major banks such as the Ministry of Industry and Agriculture and China Construction entered the "1" era, and the yield of traditional wealth management fell sharply.
Bond funds have been recognized by more people by virtue of their low investment threshold, diversified categories, open and transparent information, and professional investment research. Among the subdivisions of bond funds, short- and medium-term bond funds carry a large number of rigid needs such as cash management and live money investment based on their advantages of low risk volatility and high liquidity. Many people who pursue prudent financial management have begun to rush to buy the bond base, pursuing "small wealth for safety".
In a low-interest rate market environment, short- and medium-term bond funds are still a more suitable investment choice for asset allocation.
The bond market continues to be hot
A short pullback is not a turnaround
In the past two years, the equity market has been relatively sluggish, and the fixed income market has been favored by investors. Since 2022, compared with the volatile stock market, the bond market has shown the characteristics of "trickling water and flowing for a long time".
Data source: Wind, 2022.1.1-2024.3.26
Wind data shows that the CSI Total Bond Index will rise by 5.23% annually in 2023. Since the beginning of this year, the hot bond market has continued, especially the 30-year treasury bond has become the "darling" of the bond market. As of March 26, 2024, in less than three months since the beginning of this year, the CSI Total Bond Index has risen by 2.18%, and the 30-year Treasury Bond Index has risen by 5.74%.
However, there has been a short-term correction in the bond market recently, mainly due to the following reasons: first, the CPI and import and export data in February were stronger than expected, which drove the stock market sentiment to recover and perform strongly, and the "seesaw effect of stocks and bonds" increased;
We believe that the recent correction in the bond market is more of a normal correction after the market rose too fast in the early stage, and the correction is not a turnaround. In the short term, the bond market is likely to remain volatile, pay attention to medium- and high-grade credit bonds with appropriate duration, and attach importance to improving the overall liquidity of the portfolio.
Guolian Yingze short- and medium-term bonds, with outstanding long-term performance
Compared with the pure bond fund index with a longer duration, the statistics of the maximum drawdown and recovery days of short-term bond funds and medium- and long-term bond funds in the past ten years can be found that the maximum drawdown recovery days of short-term pure bond fund index is 85 days, which is about a quarter, and the waiting time is greatly shortened. Adding short-term bond funds to the portfolio can better achieve the effect of risk diversification.
Data source: Wind, 2014.3.26-2024.3.26, the past performance of the fund index does not represent or predict the future performance of the fund product.
Since its transformation on June 17, 2020, the yield of Guolian Yingze short-term bond A has reached 11.15%, outperforming the performance benchmark and short-term pure bond fund index of the same period, ranking in the top 9% of the same category (11/137) in the past year, and winning the three-year rating of ★★★★ Galaxy Securities.
The performance of Guolian Yingze's short- and medium-term bonds at different time stages
Data source: Guolian Fund regular report, as of 2023.12.31. Source of short-term bond index: wind, as of 2023.12.31. Ranking and rating source: Galaxy Securities (released on December 30, 2023), as of December 29, 2023. Guolian Yingze short-term bond A/C transformation on June 17, 2020, with yields of 0.53%/0.38%, 3.61%/3.31%, 1.96%/1.65%, and 4.67%/4.47% from 2020 to 2023, and the benchmark yields for the same period are 0.86%, 3.27%, 2.49%, and 2.61% , Fund Manager Description: 2020.6.17-2022.4.11 is managed by Wang Yue, 2022.4.11 is managed by Han Zhengyu, and 2022.7.18 is now managed by Pan Wei.
If you also want to experience the fun of "collecting eggs" in investment, and want to buy bond funds to balance asset allocation, you may wish to pay attention to Guolian Yingze short-term bonds~
Funds are risky and should be invested with caution. Guolian Yingze's short- and medium-term bond rating is R2 - medium and low risk, which is suitable for investors of C2 and above. This article is for informational purposes only, and under no circumstances does the information or opinions expressed in this article constitute investment advice to anyone, and the content and opinions in the article are based on the results of analysis of historical data, and there is no guarantee that the content and opinions contained will not change in the future. Before you make an investment decision, please carefully read the fund contract, fund prospectus and fund product key facts statement and other product legal documents and risk disclosures, fully understand the risk-return characteristics and product characteristics of the fund, carefully consider the various risk factors existing in the fund, and fully consider your own risk tolerance according to your own investment objectives, investment period, investment experience, asset status and other factors, and make rational judgments and prudent investment decisions on the basis of understanding the product situation and sales suitability opinions. After making an investment decision, the investment risk caused by changes in the operation status of the fund and the net value of the fund shall be borne by the investor.