债券基金持续“上新” 年内近九成斩获正收益

Core Viewpoint - Bond funds are experiencing significant growth in the public fund market, with a notable increase in new issuances and positive performance for the majority of these funds [1][2]. Group 1: Market Activity - As of December 19, bond funds accounted for approximately 70% of all new fund issuances this year, with nearly 90% of bond funds achieving positive returns [1]. - There are currently 5,882 bond funds in the market, with a total scale exceeding 8 trillion yuan, representing over 30% of the total public fund market [1]. - In December alone, 78 new bond funds have been established, with 20 additional funds from various management companies currently in the application process [1]. Group 2: Performance Analysis - Among the 5,823 bond funds with performance data available, 5,086 funds, or 87.34%, reported positive returns this year [1]. - Seven funds achieved returns exceeding 10%, with the top three being 工银可转债债券 (12.92%), 天弘稳利定期开放A/B (12.18%), and another fund at 11.80% [1]. - Several other funds, including 蜂巢添汇纯债A/C and 诺德汇盈一年定开, also performed well with annual returns above 5% [1]. Group 3: Future Outlook - The bond market is expected to see increased demand for allocation as the year-end approaches, despite a quieter market since November due to concerns over funding market volatility [2]. - Short-term outlook remains optimistic for the bond market, supported by recent central bank actions, while the medium to long-term perspective suggests a continued need to lower social financing costs due to high domestic real interest rates [2].