Short and medium-term debt base turned into the first place in internet celebrity performance. Yield over 7% in the year

Short and medium-term debt base turned into the first place in internet celebrity performance. Yield over 7% in the year

Short-term debt base turned into the first place in online celebrity performance. Yield of more than 7% in the year

According to Choice, as of August 19, 2019, public offering funds have issued a total of 716 funds, with short-term and short-term net debt of 69, ranking third in the issuance list, and this type of funds only had the same period in 2018.Ten.

Since the short-term debt base established in 2019 has not disclosed the net value of the net value for the time being, the median value of the short-term debt base established in 2018 has been August 19, 2019, and the average return has become 2.

At 62%, China Kovotvoan’s short-term interest rate bond A fund with 7%.

72% yield ranks first.

   In fact, since 2019, the yield of the monetary fund has been declining, and the 7-day annualized return of Tianhong Yingbao has been less than 2 on July 15.

3%, the short-term and medium-term debt base can quickly become the darling is not unrelated to the role of currency substitution.

   On July 4, 2019, Chairman Yi Huiman of the China Securities Regulatory Commission delivered a speech in his speech, and he must work hard to increase the proportion of equity funds and make equity funds an important long-term professional investor in the capital market.

Therefore, some fund companies have reported to the China Times reporter that the recent approval of debt-based fixed-income products is in place, and the issuance of equity funds has been smoother.

  Short-term and medium-term debt become the new favorite According to statistics from a reporter from the China Times, since 2019, on August 19, public offering funds have issued a total of 716 funds.

In terms of secondary classification, there are 282 long-term pure bond funds and 161 partial equity mixed funds.

It is obvious that the number of short- and medium-term pure bond funds is as high as 69, ranking third in the issuance list.

   From January 1, 2018 to August 19, 2018, the fund company issued 629 funds, partial equity mixed funds, and the average number of long-term pure debt funds was more than 200, which were 233 and 208, respectively.The third place is passive index funds, ordinary stock funds, tied for 40, while only short-term and medium-term debt are only 10, accounting for 1 of the total number.

59%.

   Looking at the overall time, in 2018, a total of 1067 were issued. The top three issuance funds are long-term pure bond funds, partial equity mixed funds, and passive index funds, which are 376, 332, and 85, respectively.There are less than 60 funds.

   This means that from August 20, 2018 to the end of 2018, more than four months, 50 short- and medium-term pure bond funds were issued, and this “enthusiasm” continued until August 2019.

  What is the short-term debt base?

   As the name suggests, bond funds are divided into active and passive investments. Active investments include pure debt, primary debt, and secondary debt.

In the pure debt-based family, there is a branch called short-term pure debt funds. In short, most of the bonds invested by this fund mature within one year.

This bond fund mainly invests in short-term bonds, that is, bond assets with a remaining maturity of 397 days or less.

   Generally speaking, the investment value of bond funds is related to the level of market risk-free returns, but to the level of 10-year government bond yields.

   For example, when the 10-year Treasury bond yield is at a high level, usually the bond fund as a whole is also in a stage worth investing, and the 10-year Treasury bond yield is greater than 3.

5%, you can consider long-term bond funds; 10-year treasury bond yields are 3% -3.

Between 5%, short-term debt funds and bank financing can be considered. Ten-year government bond yields are less than 3%. Monetary funds and bank financing can be considered.

  Short-term and short-term debt bases become popular due to cargo base replacement

  ”Currency (fund) replacement.

A fund official in Shanghai responded to the China Times reporter temporarily and simply. As early as two years ago, the promotion of currency funds has been replaced, and the practices of various fund companies have confirmed this.

   Zou Deli, deputy general manager of the fixed income department and fund manager of Great Wall Fund explained to a reporter from the China Times that the short-term bond funds’ expected returns are usually higher than those of money market funds, but the expected risks are also higher than those of money market funds.

The ordinary debt base has a long maturity, instead of a five-year, seven-year, and ten-year term, and its price change range, so the risk of the ordinary debt base is usually only a little more than that of the short-term debt base.

If it is indexed with equity funds or stocks, the risk of the debt base will be smaller.

   According to Choice, since the short-term and short-term debt bases established in 2019 have not disclosed changes in net worth, the short-term and short-term debt bases established in 2018 have had an average income increase of 2 on August 19th since 2019.

At 62%, the shortest interest rate bond A fund of China Kovotwaan was 7%.

72%, jointly managed by Ma Hongjuan and Le Ruiqi; the second place SDIC UBS Hengze medium and short-term debt bond A fund, the same period income replacement 3.

5%, which is different from the first place; China Merchants Xinyue short-term debt A fund managed by Liu Wanfeng takes 3.

The 35% yield ranks third; another six short-term and short-term debt bases have shifted their net worth by more than 3% over the same period.

   During the same period, there were 45 short-to-medium-term debt bases with yields ranging from 2% to 3%, and the other five funds’ net worth yields were less than 2%, of which Minsheng and Yinjiaying’s half-year regular treasure yield was less than 1%.

   Obviously, according to Choice, in 2018, the entire market issued only E Fund cash-increasing currency C, a currency fund. On August 19, 2019, the fund’s 7-year annualized income increased by 2.

82%.   In fact, since 2019, the 7-year annualized rate of return of monetary funds represented by Tianhong Yingbao has continued to decline, until August 19, only 2.

298%, less than 3%, as well as currency funds such as surplus treasure, wealth management channels and other e-commerce channels.

  The speed of approval is obviously intensified. What will happen to the market next?

   Zhang Wenping, director of Ping An Fund’s fixed income investment, told a reporter from the China Times that in terms of fundamentals, combined with special debt and policy consequences, infrastructure investment has promoted a sustained rebound; no profit and environmental pressures have pushed it, and a high base effect has been added.Falling down; real estate investment 成都桑拿网 is supported by short-term stock replenishment, but under the constraints of the latest financing policies, investment is difficult to sustain and is expected to slow down.

   Behind the booming of short- and medium-term debt bases, the development of debt bases is also facing some difficulties.

On July 4, 2019, Chairman Yi Huiman of the China Securities Regulatory Commission delivered a speech in his speech, and he must work hard to increase the proportion of equity funds and make equity funds an important long-term professional investor in the capital market.

   Regulators and fund companies did this. In addition to currency funds that have been restricted from being publicized, the China Times recently received feedback from fund companies. The overall speed of debt-based approval was significantly reduced, but the company was still trying to apply.
   In addition, as a type of solid income, cargo bases will be replaced by short-term and medium-term debt bases and replaced by restrictions on general direction. Will life be better?

   “Huaxia Times” reporter learned from the Tianhong Fund that, from the current management scale, the above restrictions do not have much impact on Tianhong Yu’ebao.

Customers who require revenue will definitely lose part of it.

However, Yu’ebao’s large-scale customers are not for financial management. Per capita positions are only more than 1,000 yuan. Most of them are to pay back credit cards.

In addition, the decline in yield is the primary impact on scale.