The performance benchmark is high, but there is not much difference between them, only some subtle differences. Generally, when buying closed-end wealth management products, the annualized rate of return will be written in the manual. In the end, most wealth management products will have so much, that is, the annual interest on your wealth management products is 3.55%, but the performance benchmark is not necessarily 3.55%. At present, the performance benchmark is generally on the non-guaranteed floating income wealth management products, and the manual will generally indicate the performance benchmark.

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1. Common financial terms:

1. output

The analysis of middle-aged rate of return includes annual rate of return and annualized rate of return. It seems that there is little difference between the two, but many people are simply confused. The annual rate of return can only be repaid by the actual annual income after the end of the year. The annualized rate of return is settled in each target period. Generally speaking, channels are accounted for by annualized rate of return.

2.T 0

In addition to T 0, there are T 1, T 2 and so on. , are the date of withdrawal. T 0 is the fastest withdrawal speed. Generally, it will arrive on the same day, 1 the next day, and it will be postponed on the 2nd and 3rd. The length of withdrawal time depends on the channel.

3. Fixed income

Fixed income refers to the fixed income at maturity. Assume that the fixed income is 4.5% and the actual yield at maturity is 4.5%.

4. Expected income

It does not refer to the actual income of wealth management products when they expire, but refers to an evaluation of the final yield of products when financial institutions issue wealth management products. There is no guarantee that the actual income will be this.

Step 5 compound interest

Compound interest is to add the principal and interest together and then calculate the next interest. For example, if you invest in 500 yuan now, the annual interest rate is 6%, and the money you get one year later is 530 yuan; In the second year, if the annual interest rate is still 6%, then the money you get is 530 530*6%=56 1.8 yuan.

6. Liquidation period

The liquidation period refers to the time when the investor's principal and income need to pass. Common ones are "T 0", "T 1", "T 2" and "T 3". Generally, "t" is the expiration date of the product, and "0, 1" is the liquidation period, in other words, the number of days required for liquidation.

Two. Performance benchmark:

The benchmark of fund performance is to define a suitable benchmark combination for the fund, and the performance of the fund can be measured by comparing the rate of return of the fund and the rate of return of the performance benchmark.

Funds are financial products that pursue relative returns. The so-called "relative" refers to comparing the performance of the fund with its performance comparison benchmark. In a certain period of time, if a fund's income is better than its performance benchmark, then whether it has achieved absolute income or surpassed its peers, it should be said that the manager's management and operation of the fund is qualified; Otherwise, it is unqualified. To put it bluntly, the performance benchmark can be regarded as the "passing line" of the fund and the minimum goal that the fund should pursue in its management and operation.