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Bond defaults hit a debt-based bond funds also fell out of the stock think especially this 22

As long as stepped on mine, also fell out of the stock of feeling。  Chinese businessmen solid Tim Lee recently caused by market concern, because as a pure gold, was able to net down over 23% in three months, but its heavily loaded with debt are all low-risk policy bank bonds and government bonds, which is more magical the operation can be done?  Even more amazing is that another's debt-based Chinese entrepreneurs double bonds Feng Li, after 15 heavily loaded with debt Watson crash, before once again step on mine, its fifth largest heavily loaded with debt 11 Cadillac MTN1 declaration of default, hit two consecutive years mines, Chinese Entrepreneurs Fund this year can be described as unlucky。  According to brokerage China correspondent statistics, as of May 10 after-hours data, the whole market has 144 base net debt fell during the year, a total of 22 years, debt-based net decline over 5%, the biggest is stepped on "14 Fuguiniao "living in harmony with the abundance of pure debt, net worth fell more than 47% during the year。  Since 2018, there have been 17 bond default occurs, involving 10 companies, including Cadillac ecology, Sichuan coal, Dalian Machine Tool, Dandong Port, BOCO, in urban construction, God fog environmental protection, rich bird, spring and Group, Anxiao etc. 10 companies, involving 145 bonds outstanding.6.4 billion yuan。  144 debt-based net decline in the bond market staged again risk education, it has always been considered safe low-risk bond funds also fell sharply。  According to statistics brokerage Chinese reporters, referring to the classification criteria, the whole market, a total of 1291 open-end bond fund, of which 144 net debt-based decline has occurred during the year。  It fell point of view, in the debt-based, there are 53 over 3% net decline during the year, there are 22 over 5% net decline during the year, there are four net decline during the year over 10% in debt and living in harmony with the abundance of pure Chinese businessmen solid Tim Lee's net worth fell over 20%。  Up to now, living in harmony with the abundance of pure debt fund performance last first, living in harmony with the abundance of pure methyl net debt fell 47 years.96% of the current net value of 0.$ 5, living in harmony with the abundance of pure debt?Drop up to 47 years.26% of the current net value of 0.59 yuan。  Fills the air immediately after the abundance of pure debt fund, the Chamber fund swept down the rest of the top five in four seats。  Among them, Chinese businessmen solid Tim Lee?And Chinese businessmen solid Tim Lee A, the net decline during the year reached 22.71% and 22.6% decline in the last three months were 23.29% and 23.25%, the net present value were 0.82 yuan and 0.$ 83 at the penultimate performance of all debt-based。  The market is causing more concern, the Chamber of Chinese Entrepreneurs Fund's two-year debt fengli step on mine twice, first 15 Huaxin are heavy debt plummeted, and then suffered a 11 Cadillac MTN1 an event of default occurs, the data as of May 10, the Chamber a double net debt GreatLink of 1.123 yuan, the recent decline to June 14.twenty two%。  A quarterly show, 15 Chinese businessmen Watson debt is double the debt GreatLink first heavily loaded with debt, the fair value of 1.4.8 billion yuan, accounting for the fund's net assets position 24.18%, while 11 relate to the fair value 3981 Cadillac MTN1.6 million, representing the Fund's net assets 6.49%。  Living in harmony in abundance: stick to 14 Fuguiniao unwavering in living in harmony with the abundance of pure debt funds crashed, mainly because the step on mine "14 Fuguiniao"。  April 24, Fuguiniao announcement that, due to the issuer's pre-existence of large external security and lending money, and the money can not be recovered in time, it can not pay on time selling back the principal and interest "14 Fuguiniao" corporate bonds due and payable, Mr. Lin failed to fulfill peace and security responsibility in accordance with the agreement "guaranteed contract", "14 Fuguiniao" material breach occurred Corporate bonds。  As of April 24, the China Securities valuation has 14 Fuguiniao net valuation down to seven.7047 yuan。  In fact, before the material breach, with the probability of default rises, the China Securities valuations continue to drop already 14 Fuguiniao net valuation of 96 from February 12 of.$ 29 all the way down March 1 raised to 74.21 yuan, but also significantly reduced to 28 in the March 5.96 yuan。  But in the meantime, living in harmony with the abundance of pure debt funds has been pressing 150 000 "14 Fuguiniao" bonds, a move。  Public information display, from the beginning of the annual report 2016, 14 rich bird is living in harmony with abundant pure debt funds in the first heavily loaded with debt, holding a total of 150,000, the fair value reached 1520.4 million, accounting for 20.32%, it has since been held so far。  Even after experiencing net redemptions more than a month, living in harmony with the size of the abundance of pure debt funds has been significantly reduced, but the number of its holdings of 14 rich bird still has not reduced。  Living in harmony with changes in the abundance of fund shares A pure debt as of 2017 Annual Report, it holds 150 000 14 Fuguiniao positions accounted for the net assets of the Fund 47.2%。  2017 Annual Report, in living in harmony with Feng Shigekura bonds before five to a quarterly in 2018, the proportion of 14 positions Fuguiniao finally fell to 12.85%, but not because managers take the initiative to lighten up, but because of the sharp decline in the fair value of 14 rich bird, which still holds the number 150 000。  According to brokerage China correspondent statistics, consists of 14 rich bird, including, since 2018, there have been 17 bond default occurs, involving 10 companies, including Cadillac ecology, Sichuan coal, Dalian Machine Tool, Dandong Port, BOCO, in urban construction, God fog environmental protection, rich bird, spring and Group, Anxiao, involving 145 bonds outstanding.6.4 billion yuan。  Chinese businessmen solid Tim Lee in the end what to buy?  In the case of heavily loaded bonds, policy bank bonds, to how to lose it by 23% in three months?This is a solid Chinese businessmen Tim Lee threw the market a new debt-based mystery。  After all, information on a quarterly perspective, the Chamber stable Tim Lee not only did not step on mine, and all of which are heavily loaded with low-risk bonds, including treasury bonds and policy bank bonds, publicly held debt is difficult to explain this information。  A quarterly, heavily loaded with Chinese businessmen solid Tim Lee Bond in a quarterly, Chinese Entrepreneurs Fund is not explained, but as usual statement of performance。  Before the deadline to respond to Chinese Entrepreneurs Fund is given to this, "Chinese Entrepreneurs Fund operations in strict compliance with the" Fund Law, "" fund management approach "and" Fund Information Disclosure "and other laws and regulations, does not appear illegal behavior "did not respond for more。  However, if we analyze the net asset value, difficult to find, in addition to Chinese businessmen solid Tim Lee and several other similar debt-based Chinese entrepreneurs trend, but also to maintain a more consistent and significant step on mine "14 Fuguiniao" living in harmony with the abundance of pure debt pace。  First, if the results of five years, the worst debt-based net movements put a piece, we can see that the overall trend is more consistent: Secondly, the degree of correlation-based equity point of view, referring to the correlation matrix, down 23% in March Chinese businessmen solid Tim Lee, and stepped on "14 rich bird" of living in harmony with Feng a net debt presented a high correlation。  Coincidentally more data, the biggest decline since May this year, Chinese businessmen solid Tim Lee A's five biggest decline in Japan, but also in living in harmony with the abundance of pure debt armor。  For example: March 5, Chinese businessmen solid Tim Lee A fall 8.75%, in living in harmony with Feng net debt fell 18 A Day.67% February 13, Tim Lee A stable Chinese business fell 4.88%, in living in harmony with Feng net debt fell 9 A Day.87% March 2, Tim Lee A stable Chinese business fell 3.78%, in living in harmony with Feng net debt fell 7 A Day.86% above the Chinese businessmen solid Tim Lee A crash May 5, also 14 Fuguiniao valuations slashed Day。  Among them, April 24 is the last valuation date valuation certificate for the "rich bird 14," the day 14 Fuguiniao net valuation from 12.7 down to the 96 yuan.7047 yuan, a net debt of pure living in harmony with Feng fell 12 day.81%, while Chinese businessmen solid armor Tim Lee is also the day down 3.71%, after that day, the net value of Chinese businessmen solid Tim Lee began to stabilize in 0.More than 832。(Original title: bond defaults hit bond funds, as long as the step on the mine, debt-based stock also dropped out of the feeling, especially this 22) (Editor: DF010)