"if you have to add a time limit to this love, I hope it will be ten thousand years." how many people were moved by such a sentence in A Chinese Odyssey? however, in this fast-vanishing era, no one can guarantee love, but bonds can.

First of all, let's popularize the general background. I believe we all know that bonds are a kind of country, government, enterprises and other subjects need to borrow money, and the IOUs issued will repay principal and interest when due. The degree of security depends largely on the main body of the bond issue. If the bonds issued by the state and the government are compared to reliable and honest people, then corporate bonds are potential scum men who have a bit of an affair, because the former has a low probability of default and low risk, but because the risk is proportional to the return, the return is also relatively small. The latter has high returns, but the risk of default is also relatively high.

At this time a wave of operations came, want higher returns, but afraid of corporate debt default rate is high how to do? I insure this love and guarantee the bonds with certain mortgage assets, and even if they default, bondholders can auction the collateral to get a certain amount of money.

The Barings Global Advanced Mortgage Bond Fund invests in such types of bonds to control risk while striving for returns. Such bonds are less risky than ordinary high-yield bonds and are one of the few investments in the Hong Kong market, second only to loans when companies enter bankruptcy proceedings.

Strictly control fluctuations and risks, and perform better than the industry

Of course, no matter whether the bond is guaranteed or not, as an investor, the most concerned thing is the yield performance of the bond. The "base" that cannot make money is not a good "base".

• Since the beginning of the year, the cumulative income has exceeded the industry benchmark, ranking high in the same category.

The fund is worth $970 million and has earned 13.95% since the start of the year, higher than its benchmark BofA Merrill Lynch BB-B global high-yield mortgage bond index. In the long run, in the 8 years since its establishment, the fund has been ranked in the top 25% of its kind in 6 years.

• The fluctuation is lower than the average of the same kind.

In terms of the bond grade of the investment, by the end of 2019, the average rating was B1, and the minimum revised duration of 2.27 was lower than the average of the same kind. The minimum revised duration seems obscure, but the most important conclusion is that the longer the revised duration, the greater the price volatility, which means that the fund is less volatile than the similar average.

• More than one hundred bond issuers can effectively spread the risk.

In terms of positions, most of the funds invest in senior mortgage high-yield bonds in Europe and the United States, and the biggest feature is that the investment is relatively scattered. As the saying goes, often walking by the river, there are no wet shoes, walking on the broad road of investment, the most afraid is to meet a black swan, accidentally stumble, may never turn around. There are 139 bond issuers holding positions in this bond, which can effectively spread the risk and reduce the asset losses caused by the default of a single issuer.

This may also be the advantage of the fund, instead of buying a heavy position alone, fund companies can pool investors' money and diversify by experienced fund managers, reducing the risk of putting eggs in one basket.

More than 22 years of fixed income investment veteran escort

The quality of the fund manager has a direct impact on the performance of the fund. As the soul of an active fund, the fund manager of Baring Global Advanced Mortgage Bond Fund has an average investment experience of more than 22 years, with the longest 26 years of experience. what kind of concept is this? Counting forward from 2019, Craig, a senior general, has been in contact with capital markets since 1993. He has already gone through many financial crises and several bull-bear iterations, and has developed the ability to resist excessive panic in sharp falls, not excessive aggressive risk-taking in big rises, and high agility to the market.

One of the top ten established fund management companies

The history of Baring Global Advanced Mortgage Bond Fund is not small. Baring is one of the top ten established fund companies, an expert in the field of global high-yield bonds, and in the high-yield bonds of the United States and Europe and the global private credit market. has in-depth research experience. There is no need to worry about financial stability and flexibility, behind the king is a huge kingdom-the world's top 500 American Wantong company.

As of December 31, 2019, the company had more than $338 billion in assets under management, while the fixed income sector accounted for about $251.7 billion, which is larger than all asset categories managed by some medium-sized asset management companies. it is a solid veteran and one of the largest global high-yield bond investment research platforms in the industry.

Fixed income fund is the trump card of this aircraft carrier-level asset management company, the strongest product, which is worth setting aside excess expectations for others.