论文部分内容阅读
进可攻,退可守,可转换债券基金给了投资者更多的选择。在债券基金一片萧杀之际,投资者有必要重新审视可转债基金的投资机会。可转债简介及当前投资价值分析可转换债券具有债权和股权的双重特性,具有“进可攻,退可守”的特点。它与普通债券的不同之处在于其赋予了持有者将债券按照转换价格转换成股票的权利。在转换价格大于股票价格时,投资者可以选择不转换,获取稳定的利息收入,这时可转换债券主要表现为债性;在转换价格小于股票价格时,投资者会逐渐倾向于行使转换权,这时可转换债券主要表现为股性。
Into the offensive, defensive, convertible bond funds to investors more choices. Investors need to re-examine the investment opportunities of Convertible Bonds Fund when the bond fund is in vain. Brief introduction of convertible bonds and analysis of the current investment value Convertible bonds have the dual characteristics of claims and equity, with “attacking, defending” features. It differs from ordinary bonds in that it gives the holder the right to convert the bonds into shares at the conversion price. In the conversion price is greater than the stock price, investors can choose not to convert to obtain a stable interest income, convertible bonds at this time mainly for the debt; when the conversion price is less than the stock price, investors will gradually tend to exercise the conversion rights, At this time convertible bonds mainly for the performance of shares.