Key points of this article:
Two excellent short-term debt funds are: $Caitong Asset Management Hongfu Short-term Bond A (F007915)$ and Tianhong Anyi 30-day rolling holding short-term debt . The suggested choices are as follows:
1. If the liquidity requirements are relatively high and you want to do short-term, it is recommended to choose: Caitong Asset Management Hongfu Short-Term Bond C (007916); Advantages: The establishment period exceeds 2 years, the largest historical drawdown is -0.13%, and the repair is 6 days. The profit is 3.98%, which is above the average of the same kind.
2. If you can hold it for a long time, it is recommended to choose: Tianhong Anyi 30-day rolling holding of short-term debt; advantages: management fee is lower than non-closed; historical maximum drawdown -0.03%, repairing 3 days, annualized income 3.71%, Earnings are above average.
Text :
In the article ” Super Hot! What is an interbank certificate of deposit index fund? Is it worth buying? How did the first batch perform? ” pointed out that in the case of the cold fund issuance this year, the interbank deposit certificate index funds have become hot, indicating the decline of investors’ risk appetite.
The interbank certificate of deposit index fund fills the gap between monetary funds and short-term debt funds. It is an innovative variety of public funds. The performance of the first batch of interbank certificates of deposit has been given above. Today, let’s look at the performance of short-term debt funds. Find high-quality funds.
According to statistics from Galaxy Securities, as of the end of the first quarter of 2022, the scale of short-term debt funds was 307.942 billion yuan, an increase of 122.75% compared with 138.247 billion yuan a year ago; at the same time, fund companies are also increasing their investment in short-term debt funds. Layout, as of May 20, a total of 33 short-term debt funds have been issued this year, while the number of issuances in the same period last year was only 7.
How can ordinary investors seize this opportunity? Let’s first compare and see, what are the high-quality funds in short-term debt funds?
1. Excellent base for sea selection
As of May 25, under the unmerged AC category, there were 594 short-term pure debt funds in the whole market, the average management fee was 0.2771%, 361 funds were established for more than 1 year, and 17 funds exceeded 10 billion, as shown below:
As can be seen from the above table, Caitong Asset Management is relatively strong in this aspect, and it is the only company with three products ranked in the tens of billions of dollars, namely Caitong Asset Management Hongfu Short-term Bond, Caitong Asset Management Hongyi, and Hongyun Medium and Short-term Bond. debt.
Let’s take a look at the risk-return products that have been established for more than 1 year, which one performs better?
We have stricter requirements on the number of days for withdrawal and recovery. For those established for more than 1 year , select the historical maximum withdrawal within -0.1%, and the recovery days within 10 days; then the annualized income and performance since the beginning of the year are Above the average of the same category, there are 3 products as follows: (combined AC)
For those that have been established for more than 2 years , select the largest historical drawdown within -0.2%, and the number of days to repair within 20 days; and then the annualized income and performance since the beginning of the year are both above the average of the same type, and there are a total of the following 2 products: ( Merge AC)
After the above comparison, we got the following 5 excellent products:
2. Ten short-term debt funds with high attention
Let’s select ten products that netizens are talking about for comparison:
Source of the above data: Oriental Fortune choice, as of 20220525
Among these ten products, the scales are seriously differentiated. Five have a scale of over 2 billion and five have a scale of less than 1 billion. The largest fund product among these 10 is Caitong Asset Management Hongfu Short-term Bond A, with a scale of 8.548 billion. The longest established is less than five years, just four years, namely: Ping An Short-Term Debt A, which was established on May 16, 2018.
1. Take a look back
The biggest drawdowns are China Merchants Xinfu short-term debt, Xinyuan short-term debt, Penghua Wenli and Ping An short-term debt. The largest drawdowns in history are all -0.40% and above, and the other 6 are only performing better.
2. Annualized return
The highest annualized returns are Jiahe Pantai short-term debt A, China Merchants Xinfu medium- and short-term debt, Xinyuan medium- and short-term debt, Caitong Asset Management Hongfu short-term debt, and Ping An short-term debt. The five annualized returns are 3.9%. above.
Combining the annualized return and the maximum drawdown, it can be seen that the funds with high return and low drawdown are Jiahe Pantai Short-term Bond A and Caitong Asset Management Hongfu Short-term Bond.
From the performance point of view, Caitong Asset Management Hongfu medium and short-term debt is a product with better performance, and its scale is also the largest among the ten. It seems that there is a reason why it is popular with funds.
Combining the first part of the audition with excellent Kiri, we found that Caitong Asset Management Hongfu medium and short-term debt is a product with better performance, which means that the five blue-chip products in the audition are still performing relatively well, as shown in the following figure:
The above five products are divided into two categories, and there are three holding periods: Tianhong Anyi 30-day holding period, Boshiyueyue 30-day holding period, and Fuguo Antai 90-day holding period;
The other category is two products without a closed period, Shanxi Super Short-term Bond Fund and Caitong Asset Management Hongfu Short-term Bond Fund.
3. Fund Comparison
We also divide it into two categories for comparison.
(1) First of all, let’s take a look at two products without a closed period, Shanxi Super Short-term Bond Fund and Caitong Asset Management Hongfu Short-term Bond Fund:
1. Performance
In terms of annualized returns, Shanxi Super Short-term Bond Fund is dominant, with a difference of 0.13%.
Relatively speaking, in 2021 and since the beginning of this year, Caitong Asset Management Hongfu will lag behind Shanxi’s ultra-short-term bonds.
2. Retracement,
However, from the perspective of the maximum drawdown and the number of days for recovery, Caitong Asset Management Hongfu performed better. Caitong Asset Management Hongfu has a maximum drawdown of -0.13% and repairs for 6 days; while the maximum drawdown of Shanzheng Super Short-term Bonds is -0.19%. , It takes 16 days to repair the withdrawal, and the number of days to repair the debt base 16. It is estimated that the number of people who hold it will be reduced by one batch. The dynamic retracement is as follows:
3. From the perspective of holder structure , Caitong Asset Management Hongfu is more popular with institutional investors, accounting for 86.78%.
Therefore, among the two products without a closed period, Caitong Asset Management Hongfu short-term bonds performed better.
(2) Second , look at the 3 products with holding period:
From the above table, from the maximum drawdown and drawdown repair days and the rate of return since its establishment, it can be seen that Tianhong Anyi holds short-term bonds on a rolling basis for 30 days. Today, the annualized income is 3.98%, the income is above the average of the same kind, and it belongs to the best performing one of the three.
To sum up, there are two options in short-term debt funds. If you have high liquidity requirements and want to do short-term, it is recommended to choose $Caitong Asset Management Hongfu Short-term Bond C(F007916)$ ; if you can hold it for a long time, it is recommended to choose Tianhong An Yi holds short-term bonds on a rolling basis for 30 days, and the management fee is lower than that of non-closed ones.
@ Egg Roll Fund @ Today’s topic @ Snowball Talent Show @ Tianhong Fund @ Caitong Securities Asset Management
#雪ball star plan public offering talent# #investment and finance# @雪ball creator center # Lao Siji hard core evaluation#
This article is a personal opinion, not investment advice, your profit and loss has nothing to do with me. Past performance does not represent future performance. There are risks in the market, and investment should be cautious.
There are 2 discussions on this topic in Snowball, click to view.
Snowball is an investor’s social network, and smart investors are here.
Click to download Snowball mobile client http://xueqiu.com/xz ]]>
This article is reproduced from: http://xueqiu.com/2217395043/220965180
This site is for inclusion only, and the copyright belongs to the original author.