Is the expected return of the money fund stable?
First, in the long run.
Compared with other wealth management products, the expected income of the money fund is very stable, but in the long run, its expected income is not static. Take Yu 'ebao as an example. In 20 13, Yu' ebao just came out, and the expected rate of return is as high as 6%-8%. Now 20 19, less than 3%. In the long run, the expected return of the money fund is not constant.
Second, in the short term.
For every baby wealth management or money fund, the expected income data displayed on the product page is generally "annualized in the past seven days". This data is also a bit confusing. The so-called seven-day annualization refers to the average expected income level of seven days and the data obtained after annualization.
In other words, the low "seven-day annualized" data of these seven days does not mean that the next year is also a low expected return. The aging of the past seven days does not mean that there will be such a high expected return in the coming year. Some platforms often bluff with "seven-day annualized" data. For example, the "seven-day annualization" of a product has reached 1 1%, but the average expected rate of return of this product in the past year is only 3%.
In the short term, the expected income of the money fund is also unstable, at least the data of "seven-day annualization" is fluctuating, and it is impossible to judge the expected income level of the money fund or baby wealth management simply by looking at the seven-day annualization.
How to treat the expected income level of the money fund?
Investors can combine the expected income of the money fund in the past six months and one year, as well as the ranking of similar money funds, and choose the baby wealth management or money fund with high expected income.
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