The income is related to the management ability of the fund manager and the country's monetary policy that year.

For example: Fund managers with outstanding management capabilities may earn around 30% or 50% a year.

For example, according to Alipay statistics in 2021, the income of enhanced bond funds has been as high as 56% in the past year.

Fund managers with poor management skills may even suffer losses. The income of some pure debt funds on Alipay has actually dropped by nearly 6% in the past year.

When the country implements a monetary policy of raising interest rates, the income of bond funds may be higher than usual, and when the interest rate is cut, the income of bond funds will be significantly reduced.

According to statistics, the returns of various bond funds in recent years are roughly as follows: 1. The average annualized return of stock-bond balanced funds is generally between ±10%.

2. The average annualized return of debt-focused hybrid funds is generally between ±5%.

3. The average annualized return of pure debt funds is generally between ±4%.

4. The average annualized return rate of bond-enhanced funds is generally around ±20%, but depending on the stock market conditions, it may exceed 20% if the market is good, and it may lose 20% if the market is bad.

The main difference between money funds and bond funds lies in their different investment objects.

Currency funds are open-end funds that invest in the money market and mainly invest in bonds, central bank bills, repurchases and other extremely safe short-term financial products; while bond funds are funds that specialize in investing in bonds, mainly treasury bonds.

, financial bonds and corporate bonds.

The income from monetary funds is only higher than the bank's time deposit interest rate, but there is no interest tax. It can be redeemed at any time. Generally, the funds can be received on the second day after applying for redemption.

Therefore, currency funds are very suitable for units and individuals who pursue low risk, high liquidity, and stable returns.

Both products have their own merits.

As the king of cash management, currency funds have high security, high liquidity, and stable profitability. They are similar to "quasi-savings" and always bloom their investment charm in a subtle way.

According to data from the Galaxy Securities Fund Research Center, as of July 29, 2014, the average return of 49 Class A money funds in 2014 was 1.8354%.

Since July, some banks have unilaterally terminated wealth management products with a longer term when they were established. In addition, the subscription and expiration times of wealth management products are usually long, which has reduced the actual income level of investors. However, regulatory agencies have

Restrictions on financing trust products will also reduce the investment scope of original short-term financial products and thus reduce their income levels.

Since the average maturity period of the assets allocated by the currency fund is short, the fund assets can roll to maturity in a very short period of time.

The funds that are due to be redeemed at maturity are quickly invested in short-term bonds, central bank bills, agreement deposits and other types of products that have higher returns after interest rate increases, which can quickly increase the income of monetary funds.

Therefore, for investors, currency funds are investment types suitable for staged allocation, with relatively low risks and good returns.

Characteristics and advantages of bond funds ① It allows ordinary investors to conveniently participate in investments in inter-bank bonds, corporate bonds, convertible bonds and other products.

These products have various inconvenient restrictions on small funds. Buying bond funds can break through these restrictions.

②When the stock market is down, the income of bond funds is still very stable and is not affected by market fluctuations.

Because the returns of the products invested in bond funds are very stable, the corresponding fund returns are also very stable. Of course, this also determines that the returns are subject to the interest rates of the bonds and will not be too high.

The annual interest rate of corporate bonds is around 4.5%. After deducting the fund’s operating expenses, the annual rate of return is guaranteed to be between 3.3% and 3.5%.

Disadvantages ① Only when held for a long time can relatively satisfactory returns be obtained.

②When the stock market is booming, the income is still stable at the average level. Compared with stock funds, the income is lower. When the bond market fluctuates, there is even a risk of loss.