Wu Hongjian: Ultra-short debt funds are very common in the international market. This is a popular currency appreciation investment tool. Suitable for holding short-term funds for a little longer and with higher ability. This sub-product also has a great market and potential demand in China.
For example, since the continuous adjustment of the stock market, investors have generally held idle funds for a long time, which can be seen from the fixed deposit of savings, the idle funds of new shares, the decline in stock turnover and turnover rate, and the two consecutive reductions in the benchmark deposit interest rate since June 5438+00. A considerable part of these funds want to earn more than one year's fixed deposit income, but they also want to retain the flexibility of realizing it safely at any time. The positioning of ultra-short debt fund is to meet this demand. The customer groups of ultra-short debt funds are also very extensive, including not only individual investors, but also institutional customers, such as securities companies or finance companies. Whether it is wealth management products or self-operated investment portfolios, there are many funds that invest in ultra-short debt.
Most assets of ultra-short debt-based gold are invested in money market instruments. According to market changes, a small number of fixed-income investment instruments with slightly longer maturity and higher yield are selected, and investment leverage is appropriately used to enhance income. Therefore, the ultra-short debt fund has the characteristics of relatively stable principal, high liquidity and free redemption. And the redemption time is as fast as the money fund, and at the same time, it can compete for the income after one-year deposit tax.
In fact, as of 1 1.7, the total yield of Jiashi's ultra-short bonds is 3.99% this year, 4.78% in the latest year, 4. 16% in the last two years, and 9.47% since its establishment on April 26th, 2006, which exceeds the after-tax interest rate of one-year time deposit, the benchmark for product performance comparison. The change of the cumulative net growth rate of fund shares since the fund contract came into effect and its comparison with the change of benchmark return rate of the same period performance.