w**********e
发帖数: 28 | 1 现在股市点位这么高，大家的资产分配比例是怎么样？
large cap，small cap，foreign stock，bond，stable？
对于bond，现在看起来是升息的周期，问个新手问题，如果配置bond指数基金的话，比
如Bond BlackRock U.S. Debt Index Fund，接下来会是负收益嘛？还是收益比前些年
（降息周期）会少？
不是很明白。求教。 | m*********t
发帖数: 1250 | 2 Bond prices fluctuate in response to market interest rate changes. The durat
ion of a bond, or a bond fund, is a measure of its sensitivity to interest r
ates. The duration is approximately the amount by which the price of the bon
d will fall for every 1% rise in interest rates. For example, a bond with a
duration value of 5 years would be expected to lose 5% of its market value i
f interest rates rose by 1% (100 basis points).
For blackrock-bond-index-fund-inst-class-fund,the Effective Duration is 5.7
years as described in the link below. So, you can do the match w/ your predi
cted interest rate hike.
https://www.blackrock.com/investing/products/227788/blackrock-bond-index-fun
d-inst-class-fund
【在 w**********e 的大作中提到】
: 现在股市点位这么高，大家的资产分配比例是怎么样？
: large cap，small cap，foreign stock，bond，stable？
: 对于bond，现在看起来是升息的周期，问个新手问题，如果配置bond指数基金的话，比
: 如Bond BlackRock U.S. Debt Index Fund，接下来会是负收益嘛？还是收益比前些年
: （降息周期）会少？
: 不是很明白。求教。
| w**********e
发帖数: 28 | 3 具体分析一下？学习学习。
如果这样，假设明年预期利率上涨一个点。债券价格可能再下降5个点。
现在这个债券的当期收益率是2.54%。那么明年底有可能总收益率是-2.5%？
是这么看嘛？想找个例子学习如何分析。
[在 majiaknight (The Dark Knight of Majia) 的大作中提到：]
:Bond prices fluctuate in response to market interest rate changes. The
duration of a bond, or a bond fund, is a measure of its sensitivity to
interest rates. The duration is approximately the amount by which the price
of the bond will fall for every 1% rise in interest rates. For example, a
bond with a duration value of 5 years would be expected to lose 5% of its
market value if interest rates rose by 1% (100 basis points).
:For blackrock-bond-index-fund-inst-class-fund,the Effective Duration is 5.7
years as described in the link below. So, you can do the match w/ your
predicted interest rate hike.
:https://www.blackrock.com/investing/products/227788/blackrock-bond-index-
fund-inst-class-fund | w***n
发帖数: 1519 | 4 I don't think there is anything you can do, other than lowering your
expectation on future returns for stocks and bonds. In a diversified
portfolio, your best bet is still to stay the course. It isn't easier to
predict interest rate than to predict stock market. As for bond funds, as
long as your investment horizon is longer than the effective duration, I don
't think you need to be worrying about your principals (i.e., nominal only),
whether it's long-term or short-term bonds. Just my 2 cents. |
|
