19 convertible bond funds rose more than 20% in the first October, Southern Changsheng Central European Fund led the rise
Source: China Economic Net Original title: 19 convertible bond funds rose more than 20% in the first October. Southern Changsheng China-Europe funds led the rise and the equity market bloomed everywhere. This year’s bond market performance 南京桑拿论坛 is relatively lagging.Fund average income interest rate 3.
Benefiting from the recovery of the stock market, convertible bond funds that have both sexes of stock and bonds have performed relatively well, and have become the most obvious type of money-making effect among solid income funds.
According to statistics from the China Economic Network reporter, of the more than 2,700 bond funds that can only achieve comparable performance, more than 95% of the funds in the first ten months have achieved positive returns, of which 121 funds that have increased by more than 10% have increased by more than 20%.There are 19 funds with a maximum increase of 27.
It is worth noting that all the 19 debt bases that have increased by more than 20% in the first ten months are all convertible bond funds. The winner of the gain list was won by the Southern Greek Yuan convertible bonds. The three quarterly reports show that the fund continued its partial bias since mid-June.High stocks and convertible bonds positions, the top ten heavy stocks are ZTE, Zhaoyi Innovation, Oriental Fortune, Wingtech, CITIC Securities, Xinwangda, Changchun High-tech, Xinwei Communications, Pingzhi Information, Mindray Medical, The distribution industry is largely scattered, covering semiconductor, chip, brokerage, medical and other industries.
In addition to Southern Greek Yuan convertible bonds, Changsheng Convertible Bonds, China-Europe Convertible Bonds, Huabao Convertible Bonds, BOC Convertible Bonds Enhancement, Bosh Convertible Bonds Enhancement and other products have also performed well this year. Earnings in the first ten monthsThe rates are more than 20%, bringing considerable returns to investors.
Regarding the future trend of the convertible bond market, Northeast Securities said that from the perspective of yield to maturity, the current valuation of convertible bonds is near the historical median level.
The recent issuance of convertible bonds has accelerated, but it will not have a potential impact on the market.
Northeast Securities also said that through the continuous expansion of the scale of the convertible bond market, the value of the allocation of convertible bonds has been continuously reflected.
In the direction of allocation, Wanjia Fund said that it will currently use overlapping positions to balance the conversion of bonds, and give full play to the characteristics of convertible bonds that can be attacked and defended. The key layout is represented by 5G, artificial intelligence, new energy, and innovative drugs.With the advancement of technology, the industry space has expanded significantly, and the related companies have huge room for growth.
At the same time, optimistic about the leading enterprises in traditional industries, these industries are experiencing an increase in industry concentration, leading enterprises can enjoy the dividends of rising gross profit margins and expanding market share.
Compared with the beautiful performance of convertible bond funds, the performance of some pure bond funds in the first ten months was somewhat unsatisfactory. According to wind data, a total of 15 bond funds fell more than 2% in the first ten months.Pure debt products were Chuangjin Hexin Zunying pure debt, Chuangjin Hexin Zuntai pure debt, and Golden Eagle Tianxiang pure debt, the declines of which were 16.
Recently, the fund issuance market has seen warming returns, and a large number of funds have initially closed the fundraising early. Most of them are fixed income products, especially the regular open-ended debt base.
Data show that as of October 16, 47 funds have announced an early end of fundraising since September alone, of which 32 are bond funds.
Of these bond funds that were raised early, 17 were fixed bond funds.
Some people have pointed out that Dingkai is expected to take over the issuance banner and become a new growth point for fund companies’ fixed income products.
However, according to public fund product sources, some public fund companies have successively received guidance from the Securities and Futures Commission window on October 18, and generally require a limit on the number of reported solid income products to encourage the development of equity funds.
The director of the product department of a public equity fund in Shenzhen said, “The latest version of the guideline requires conventional bond funds to retain two products sued before August, and the other to be withdrawn. All products replaced after August can be retained, but for subsequent such productsThe principle of new product approval is to approve one newspaper and one for the first issue. The initial launch size cannot exceed 10 billion yuan. Within six months after its establishment, subscriptions cannot be opened and only redemptions can be opened.
“” This year, bond defaults have also increased. Data show that in the first ten months of this year, 149 bonds of 58 companies have defaulted, and the default amount is as high as 817.
2.9 billion yuan.
The real estate industry, which has always been booming, has also seen bond defaults, and there is a tendency to expand.
Bond Funds in the first 10 months of the rise and fall of the top 40 ranking securities referred to as the gradual unit net value of the first 10 months of the scale of securities securities gradual unit net value of the first 10 months of the expansion of the scale of the scale 1 Southern Greek yuan convertible bonds 27.
2790 Chuanghexin Zunyingying Pure Bond-16.
00072 Changsheng Convertible Bond C24.
2832 Chuanghexin Zuntai Pure Bond-6.
00303 Changsheng Convertible Bond A24.
2175 Golden Eagle enjoys pure debt-6.
00564 China-Europe Convertible Bond A24.2211.
2755 Nanfang Changyuan Convertible Bond C-4.
09035 China-Europe Convertible Bond C23.
4361 Soochow Dingli -4.
45436 Huabao convertible bonds 22.
8034 Nanfang Changyuan Convertible Bond A-3.
07907 BOC convertible bonds strengthen A22.
8220 Galaxy Terry I-3.
00008 BOC convertible bonds strengthen B22.
7511 Soochow Dingyuan double debt C-3.
04399 Bo Shi convertible bonds strengthen A22.
8315 Haifutong convertible bonds preferred -3.
139510 Huitianfu Convertible Bond A22.
1365 Soochow Dingyuan double debt A-3.
000311 Bo Shi convertible bonds strengthened C21.
8826 Western Gain wins C-2.
702112 Huitianfu Convertible Bond C21.
0853 China Post Zengli -2.
010213 Tianzhi convertible bonds strengthen A21.
1281 Tongtong C-2.
005214 ICBC Credit Suisse Convertible Bonds 21.
9267 China Resources Yuanda’s steady earnings C-2.
017115 Tianzhi convertible bonds strengthen C21.
3742 Haifutong Ruifu-2.
005916 Huaan Convertible Bond A20.
9383 Furong Fugan C-1.
048317 Penghua convertible bonds 20.
8429 Furong Fugan A-1.
285118 Huaan convertible bonds B20.
3022 Haifutong Steady Timing A-1.
019619 Huafu Convertible Bonds 20.
6679 China Resources Yuanda’s steady earnings A-1.
023420 Changan Hongye Short-term Debt C19.
5604 Haifutong Steady Timing C-1.
097321 Changan Hongye Short-term Debt A19.
525022 Changxin Lifa 19.
5270 CCB Runley enhanced C-1.
144923 Xinjiang Qianhai United Swimming Yi pure debt A18.
5032 Tongtong AB-1.
135924 Cathay convertible bonds18.
3638 Castrol Medium-term Treasury Bond ETF is linked to A-1.
044525 Win Win Taylor C18.
0002 Baoying Rongyuan Convertible Bond C-1.
141326 Yi Fangda Yuxiang rewarded 18.
9851 Western Gain wins A-1.
005927 Huaxia Dingpei A17.
0751 Baoying Rongyuan Convertible Bond A-1.
293528 Huaxia convertible bonds strengthen A17.
7398 CCB Runli enhanced A-1.
474929 Huaxia Dingpei C17.
2900 Hui’an Wenyu-1.
480330 Soochow CSI Convertible Bonds17.
1821 Harvest’s medium-term Treasury bond ETF was linked to C-1.
021731 Changan Hongyuan Pure Bond C17.
5905 West Lee Cheung Yat A-1.
004632 Chinese business convertible bonds A17.
2066 Great Wall Jiurui will issue debt -1 in three months.
100433 GF Jiyu A16.
8021 Galaxy Junxin Pure Bond C-1.
100034 Jiashi Wenhong A16.
6124 ICBC Credit Suisse Tim B-0.
215535 Fu Anda enhanced earnings A16.
4156 Chinese businessmen increased their B-0.
318836 GF Jiyu C16.
0309 Yinhua Credit Season Red H-0.
018937 Chinese business convertible bonds C16.
9372 ICBC Credit Suisse Tim Fu A-0.
283438 Changan Hongyuan Pure Bond A16.
5220 Soochow Zengli C-0.
028039 Yi Fangda Yuxin C16.
7380 Chinese businessmen’s earnings strengthened A-0.
500040 Jiashi Wenhong C16.
1811 China Post Ruili enhanced -0.
0698 Source: Wind data (scale as of September 30)