国新国证鑫和利率债
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前11月九成债基上涨 南方昌元可转债上涨37%
Zhong Guo Jing Ji Wang· 2025-12-07 23:28
Group 1 - In the first eleven months of the year, 6060 out of 6722 comparable bond funds achieved positive performance, representing 90% of the total [1] - Three bond funds saw increases of over 30%, with 60 funds increasing by more than 20% [1] - The top-performing funds included Southern Changyuan Convertible Bond A and C, and Minsheng Enhanced Income Bond A, with respective gains of 37.95%, 37.32%, and 30.49% [1] Group 2 - Southern Changyuan Convertible Bond holds 81.90% in bond assets and 16.21% in stock assets, with its top five bonds being convertible bonds [1] - The fund is managed by Liu Wenliang, who has over ten years of experience in the industry [1] - Minsheng Enhanced Income Bond A, managed by veteran Xie Zhihua, has significant holdings in convertible bonds and a small portion in stocks [2] Group 3 - Huashang Enhanced Income Bond A and C reported gains of 27.80% and 27.32%, respectively, with manager Li Qian having nearly six years of experience [3] - The performance of these funds has been consistent, with few instances of losses since their inception [3] - On the downside, only nine bond funds experienced declines exceeding 4%, with Minsheng Jiayin Ruixia One-Year Open Bond falling by 4.88% [3][4] Group 4 - Huachen Stable Bond C also saw a decline of 4.82%, with its top holdings primarily in government bonds [4] - The fund is co-managed by Wang Bin and Wang Ziyuan, with Wang Bin having three years of management experience [4] - Other funds with notable declines include Nord Enhanced Income Bond and Everbright Baodexin Yongli Bond D, with respective drops of 4.37% and 4.09% [4]
债基开始过苦日子?频繁遭遇赎回,多只收益转负,是该抄底还是避险?
Xin Lang Cai Jing· 2025-08-05 07:41
智通财经8月5日讯(记者 李迪)下半年以来,股市行情火热,债市却波动加剧,股债跷跷板效应愈发 凸显。 受债市波动的影响,多只债基的年内收益转负,部分产品的年内亏损超过1%。同时,多只债基遭遇大 额赎回,已公告称调整份额净值精度。 近期多只债券基金出现亏损,业内人士分析主要有两方面原因。 一方面,今年以来债市持续震荡,7月初以来股市回暖,股债跷跷板效应下债市波动加剧。债市震荡对 纯债基金的业绩造成一定压力,持有长久期品种较多的产品会承受更多波动压力。 达诚定海双月享的基金经理陈佶分析称,7月股票市场火热,上证综指最高达到3636,接近去年十一后 的高点,同时万得全A指数已突破去年高点达到5684,同时各家机构均判断权益市场会继续上涨,这也 是压制债券的主要因素。 另一方面,部分二级债基的股票投资部分收益不佳。虽然今年股市存在很多投资机会,但是板块轮动 快,大盘波动也比较大,如果把握不好节奏,投资股票的收益也不会太好。 以人保鑫利债券为例,该基金的基金经理胡琼予在二季报中指出,"本年度以来大小盘风格切换较为频 繁,价值成长之间轮动较为剧烈。"该基金在报告期内仓位维持稳定,但风格轮动较为滞后,切换之间 未能获得较好 ...