Group 1 - The core viewpoint of the reports indicates that several bond funds have shown varying performance in net asset value (NAV) growth during the first quarter of 2025, with some funds experiencing declines [1] - Among the nine bond funds reported, the China Europe Convertible Bond Fund achieved the highest NAV growth rates of 6.39% and 6.28% for its A and C shares respectively [1] - The overall bond market experienced fluctuations, with the China Convertible Bond Index and equal-weight index rising by approximately 3% to 4% during the first quarter [1] Group 2 - The investment strategy of the Anxin Ju Li Enhanced Bond Fund involved increasing allocations towards growth-oriented assets while reducing exposure to cyclical assets, reflecting optimism about the AI-related industry chain's impact on the economy [2] - The China Europe Ding Li Bond Fund's management believes that both equity and bond markets will favor liquidity, suggesting a focus on dividend-style investments while monitoring international conditions and domestic policies [2] - The manager of the China Bank Agricultural Development Bond Index Fund noted a general decline in bond market performance during the first quarter, attributing it to tight funding conditions and rising interest rates [2] Group 3 - The manager of the China Europe Convertible Bond Fund, Li Bo, emphasized that the demand for convertible bonds remains strong, supported by both bond and equity market dynamics [3] - Li Bo highlighted that the current interest rate environment has increased volatility in pure bonds, making convertible bonds attractive for both yield enhancement and risk diversification [3] - The active style of small-cap stocks aligns well with the underlying stock characteristics of convertible bonds, driven by liquidity and risk appetite trends in the AI industry [3]

# 读者福利 ， 欢迎留言互动， 3 月 7 日前，平台随机从留言中选取 4 位读者获赠本期推荐 新书！ 01 胡宇辰 著 清华大学出版社 出版 内容简介 本书是作者近年来实盘管理可转债投资组合的经验总结。作者从机构投资者的专 业角度，深度分享了其在转债投资领域的独到见解与感悟，通过跨资产比较的方 式，全面剖析了可转债策略的应用，细致复盘了市场行情的变化，并对可转债涉 及的相关行业及部分个券进行了系统梳理。本书内容逻辑清晰，语言简洁，对投 资者深入了解可转债投资具有极高的参考价值。 本书可作为可转债投资者的参考资料，对纯债投资者、股票投资者和PIPE投资人 有借鉴意义，也是泛财富管理从业者和财经媒体人提升专业能力的好帮手。 《可转债投资笔记：市场策略、行业比较和个券分析》 中信出版社集团 出版 作者简介 胡宇辰 毕业于四川大学和中央财经大学。10年证券从业经验，先后任职于嘉实基金、建 信理财、国泰君安资管。长期从事债券投资交易、净值型理财和证券专户产品的 投资管理工作。所著《固收+策略投资》被财资中国（Treasury China）评选 为"2023年度好书"。 《万亿指数》 [挪威] 罗宾·威格斯沃思（Ro ...