Reassess convertible bond investment for public sale, over 300 funds choose close all positions

Jinshi data news on July 29th, this year, due to market Fluctuation, a large number of low-priced convertible bonds have fallen below face value, and the risks of delisting and default of convertible bonds have gradually emerged. As an important institutional investor in the convertible bond market, public sale funds are increasingly worried about convertible bond investments. In terms of performance, the performance of relevant funds this year is generally under pressure, and some funds such as partial debt hybrid funds, flexible allocation funds, and secondary debt-based funds have reduced their allocation of convertible bonds. Convertible bonds are often considered as an important variety of conservative fund products to enhance income, but the China convertible bond index has fallen for three consecutive years, and many fund products that allocate convertible bond varieties have not only failed to enhance income, but their net asset value has been dragged down. Many industry insiders of public sale funds have expressed that the risk factors of convertible bond market, which were not previously valued, have been exposed recently, and the investment logic has changed, requiring a re-examination.