I always have my reservation of investing bonds using a Bond ETF. The bond market is a big boys game, it is dominated by large financial institutional players, which means retail investors like you and I have little edge when playing the same game. When Astrea IV bond was launched last month, I knew it would become popular. Not because how fantastic this product was, but the mere hunger of investors seeking for yield and ignorance of most retail investors when it comes to bond investing. Investors always forget that they are the counterparty of a financial product’s issuer. The more investors gain, the less to the product provider. The retail tranche of Class A-1 Astrea bonds carries an interest rate of 4.35%. So why such a high interest if it is so good? Anyway, Astrea IV bond is not today’s topic. The latest buzz in town is Nikko ......