Bond Funds Have Issued A Restriction Order Due To A Return To Capital Interest Rates.

The recent surge in the bond market and the good returns of the debt base have attracted large sums of money, which has led to the rapid expansion of the debt base.

Control fund size and large purchase volume can better protect the interests of investors. If the large amount of funds enter the market may dilute the income of the existing fund holders, it may also cause fluctuations in the yield of funds, so it is necessary to carry out appropriate scale control.

Although the A share market is showing signs of warming before and after the national day, the net value of equity funds has also picked up. However, under the background of loose monetary policy, various fixed income products, especially bond funds, are still popular.

Financial experts say that in 2015, the economic growth rate will remain at around 7%, and CPI will remain at around 2%. In terms of monetary policy, 2015 will continue to cut interest rates in a row.

The best time.

According to Wind statistics, as of the end of the three quarter of this year, the total return of 811 bond funds in the whole market was 6.46%.

After deducting the convertible bond fund, the three quarter average of the bond fund

Up 0.8%, of which net average value of net debt fund rose 2.3%.

Although the excellent performance of debt base has led to a large influx of funds, some people in the industry have begun to worry about the sustainability of the bond fund's high yield.

Qu Qing, an analyst at Huachang securities, pointed out that the stock market decline in June led to a large amount of capital shifting from stock market to bond market. Once the stock market started to rebound, some funds might turn from bond market to stock market.

Low capital interest rate is one of the core factors to support the hot credit market. If capital interest rates continue to rise, it may force credit debt to start deleveraging.

Against this background, many

In order to maintain stable earnings, issued a large number of restrictions on the purchase of the announcement.

In October 15th, the 7 day bond fund of huitianfu announced that it would restrict the large purchase business of the fund, that is, the sum of funds purchased by each fund account was not more than 1 million yuan per day, and the announcement on the same day was also announced on the same day. Since October 15th, it has been suspended from the purchase, subscription and conversion of a single fund account for more than 50 million yuan.

In October 13th, Dacheng Jing Xu pure debt securities, Yinhua credit four seasons red bonds and other funds, also issued a suspension of large purchase notice.

According to incomplete statistics, since the three quarter of this year, at least more than 150 bond funds have suspended subscription or suspended the purchase of large quantities, far exceeding 39 in the two quarter.