债基“赎回风暴”！资金正流向权益市场

Group 1 - The core issue is the significant redemption wave faced by bond funds, triggered by a sharp decline in the bond market on July 24, leading to the largest single-day redemption record since last year's "9.24" event, with over 120 billion yuan in net selling of bonds over three consecutive trading days [1][2][6] - The "stock-bond seesaw" effect is causing funds to flow from bond funds to equity markets, as the stock and commodity markets continue to rise, while bond funds are experiencing adjustments [1][3] - As of July 28, only 140 out of 4252 bond funds have yielded over 2% this year, with more than 72% yielding less than 1%, indicating a lack of attractive returns in the bond market [4] Group 2 - Fund managers are implementing various strategies to manage redemption pressures, including reducing bond leverage and duration, and communicating with institutional investors to encourage staggered redemptions [5][6] - Many bond funds are using dividend distributions as a strategy to retain investors, with 924 bond funds announcing dividends since June, compared to 848 in the same period last year [5] - Despite the redemption wave, some institutions are taking the opportunity to buy into bond funds during the market correction, suggesting a balanced flow of funds [6]