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what’s new about secondary bond funds: hot products are visible, but funds cannot be retained

2024-08-30

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recently, reporters found in interviews and surveys that secondary bond funds have become a popular product for fund companies this year. wind data shows that as of press time, the number of newly established secondary bond funds has exceeded 50 this year, with a total issuance scale of more than 80 billion yuan, which has exceeded the issuance scale of the whole of last year.

however, the reporter found in the survey that although the initial issuance of secondary bond funds was quite popular, the funds did not stay for long. by the end of the second quarter, many newly established secondary bond funds had experienced significant net redemptions, and the scale had shrunk significantly.

why did funds rush in at the time of issuance but fail to stay for a long time after establishment? some industry insiders analyzed that this may be related to the market environment. after all, secondary bond funds are equity-based products. since the second quarter, the equity market has continued to fluctuate, which has led to a further decline in the risk appetite of some investors. it is not ruled out that they will give up the idea of ​​trying to obtain enhanced returns at the beginning of the year and transfer to pure bond funds with lower volatility. (china securities journal)