CITIC is optimistic about the performance of the bond market next year, and the first ESG financial income multi-asset fund will be raised early next year.

(Photo by reporter Li Lianghui)

[Reporter Li Lianghui/Taipei Report] It is optimistic that the interest rate hike environment will increase the profitability of the financial industry. The first ESG financial income multi-asset fund will be raised early next year. According to the analysis of the credit industry, although the financial bond yield has reached a new high in the past 10 years, it is expected that by 2023 At the end of the interest rate hike cycle this year, we are still optimistic about the performance of the bond market next year, and financial bonds are expected to become a safe haven for funds.

Affected by the soaring inflation in the United States and the accelerated interest rate hike by the FED, financial bond yields continued to hit new highs in the past 10 years.

The ESG financial multi-asset fund to be raised by CITIC Investment Trust is based on financial bonds with a very low long-term default rate, especially short-term financial bonds, and is paired with financial non-investment grade bonds with a yield rate exceeding 9% and a yield rate of nearly 6%. financial special stocks to boost yields.

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Fund manager Zhang Shengyuan analyzed that the high interest rate environment brought about by rapid interest rate hikes may lead to a decline in commodity prices and a weakening of global demand. Some industries and companies may even enter a cold winter in 2023, leading to uncertainty in the economic environment in 2023. It is expected that the investment market will still be dominated by bonds in the first half of next year.

Zhang Shengyuan said that as the interest rate hike cycle comes to an end in 2023, financial bonds will create opportunities for capital gains in the future, and their ability to resist economic fluctuations is relatively better than other industries. In addition, the probability of generating income has increased significantly, making them a good safe haven for funds.

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