Why don't people who invest in P2P buy bond funds?

Bond funds, also known as bond funds, refer to funds that specialize in investing in bonds. By concentrating the funds of many investors, we can make portfolio investment in bonds and seek stable returns. We know that the income of bond funds can be roughly divided into several types: the annual income of capital preservation bond funds is generally slightly higher than the annual interest of banks in the same period, generally around 5%; The average annual yield of pure bond funds is slightly higher than that of 1 year treasury bonds; The average annual income of hybrid bond funds with good performance exceeds 10%. Based on the bank interest rate of 2.79%, it will rise by 50%-200%, probably between 4% and 9%. In addition, the annual management fee of the fund is 1.5%. Liquidity is also poor.

Peer-to-peer financial management refers to the company as an intermediary, connecting borrowers and borrowers to meet their respective lending needs. At present, the main modes are car loan, credit, enterprise loan and supply chain finance, and the annualized income is about 12- 15%. P2P financial management, with its advantages of low threshold, high income and relatively low risk, occupies an increasing proportion among young investment groups born in 1980s and 1990s. Because of its low operating cost, it has gradually won wide acclaim in the investor market with better service. Take Houhe Wealth as an example. Houhe Fortune is a P2P platform for vehicle mortgage loan. The target on the platform is 100 yuan, and the annualized income reaches 12% ~ 15%. After interest rate reinvestment, the reinvestment interest rate can be as high as 20%, with a short term of 1 ~ 3 months and a long term of 1 ~ 3 months. This is very different from bond funds in investment threshold, income, project cycle and risk.