SummarynTianhong Wynn Bond B generally refers to Tianhong Yongli Bond Securities Investment Fund (Tianhong Wynn Bond B)nConsultation record · Answer on 2021-07-18nTianhong Wynn Bond ABCE Differential Tianhong Wynn Bond B generally refers to the Tianhong Yongli Bond Securities Investment Fund (Tianhong Wynn Bond B) which A. A. According to the medium and long -term macroeconomic trends and economic cyclical characteristics, make judgments to the bond market trend, and form an expectation of future market interest rate changes, and dynamically adjust the combination of the combination. When the expected yield curve is moved down, the long -term period is appropriately increased to share the income of rising bond market; when the expected return on the curve is shifted, the long -term period is appropriately reduced to avoid the risk of the bond market decline. b. After determining the long -term period, the duration structure configuration determines the reasonable combined term structure for the morphological characteristics of the yield curve. By analyzing the micro -factor of the bond market, the expectations of future changes in the shape of the future yield curve are formed, and the combination of dumbbells, bullets or stepped bonds should be selected accordingly. The micro -factors of the bond market considers the fund include: yield curve, historical period structure, new debt issuance, repurchase and market borrowing interest rates. c. Bond category configures the fund to expand and expand the spread of bond varieties such as financial bonds, corporate bonds (corporate bonds), convertible bonds and the same period of national bonds (convertible bonds for adjustment of ductors (OAS)) The narrowing expectations will reduce the investment ratio of the expanded bonds that will be enlarged, increase the proportion of the expected spread of bonds that will narrow the bonds, and obtain the changes in the relative value changes between different bonds. Investment income.
SummarynTianhong Wynn Bond B generally refers to Tianhong Yongli Bond Securities Investment Fund (Tianhong Wynn Bond B)nConsultation record · Answer on 2021-07-18nTianhong Wynn Bond ABCE Differential Tianhong Wynn Bond B generally refers to the Tianhong Yongli Bond Securities Investment Fund (Tianhong Wynn Bond B) which A. A. According to the medium and long -term macroeconomic trends and economic cyclical characteristics, make judgments to the bond market trend, and form an expectation of future market interest rate changes, and dynamically adjust the combination of the combination. When the expected yield curve is moved down, the long -term period is appropriately increased to share the income of rising bond market; when the expected return on the curve is shifted, the long -term period is appropriately reduced to avoid the risk of the bond market decline. b. After determining the long -term period, the duration structure configuration determines the reasonable combined term structure for the morphological characteristics of the yield curve. By analyzing the micro -factor of the bond market, the expectations of future changes in the shape of the future yield curve are formed, and the combination of dumbbells, bullets or stepped bonds should be selected accordingly. The micro -factors of the bond market considers the fund include: yield curve, historical period structure, new debt issuance, repurchase and market borrowing interest rates. c. Bond category configures the fund to expand and expand the spread of bond varieties such as financial bonds, corporate bonds (corporate bonds), convertible bonds and the same period of national bonds (convertible bonds for adjustment of ductors (OAS)) The narrowing expectations will reduce the investment ratio of the expanded bonds that will be enlarged, increase the proportion of the expected spread of bonds that will narrow the bonds, and obtain the changes in the relative value changes between different bonds. Investment income.