QD secondary bond funds rose 8% in a day..

Last night, while checking net asset values, I saw a fund that had been introduced before, the GF Global Stable Allocation Fund. It's a QDII secondary bond fund, or a QDII fixed-income plus fund. Last night, I saw its net asset value had risen by over 8% in a single day, and there was a change in the fund manager.

First, let's look at the fund manager change. This change is a complete and direct replacement. The original fund manager, Shen Bowen, is no longer managing this fund. The new fund manager is Li Yaozhu, who primarily focuses on equities. According to the fund announcement, it doesn't mention Shen Bowen leaving the company, and he is still managing another QD bond fund, the GF Asia Pacific High Yield Fund.

However, from a return perspective, I checked that even for a QD fund focused on equities, it's hard to see a gain exceeding 3% on April 17th. It's unclear what sectors or individual stocks this 8% gain was concentrated in, but one thing seems certain: this fund's investment focus and strategy have undergone significant changes. It's currently disclosing its Q1 report, but the real changes might not be visible until the Q2 report is released.

Therefore, if you're aiming for relatively stable returns, you should be aware of the potential volatility this fund might face due to market downturns in the future.

(Not investment advice)