CICC Cash Manager C is a currency fund that has only been launched on Wealth Management in recent days.
According to data, the annualized rate of CICC Cash Manager c in the past seven days is 3.989%.
So, how about this currency fund?
Today we will talk about it, please see below.
How about CICC Cash Manager C?
CICC Cash Manager c was established in September 2017. As of December 31, 2018, its fund size was 11 million.
This scale is still relatively small and there is a risk of liquidation. However, after it is connected to Wealth Management Connect, the fund size should increase to a certain extent and break away from the liquidation red line of 50 million.
1. Is CICC Cash Manager c safe?
From the perspective of fund security, CICC Cash Manager c is a fund product. The funds are held in custody by the fund custodian (bank), and the fund security is guaranteed.
From the perspective of investment risk, as a currency fund, CICC Cash Manager C can be regarded as the fund with the lowest risk. This type of fund has never suffered a loss in history. Not only is the expected return stable, the fund fluctuations are also very small, and the safety is relatively high.
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2. What is the expected return of CICC Cash Manager c?
According to data, the annualized growth rate of CICC Cash Manager c in the past seven days is about 4%, which is very good compared to Yu'e Bao's 2.6%.
Judging from historical performance, the expected return of CICC Cash Manager c in the past month is 0.27%, and the annualized expected return is equivalent to 3.24%. It ranks 280/645 in the same category, and its performance is not bad.
3. Withdrawal speed of CICC Cash Butler c CICC Cash Butler c supports withdrawal at any time. Quick withdrawal can arrive in the account in the fastest 5 minutes within bank service time, with a limit of 10,000; for ordinary withdrawal, the funds will arrive on T+1 day.
CICC Cash Manager c is connected to Wealth Management Balance+. Its withdrawal speed is similar to Lingqiantong and Yu'E Bao, and the user experience is very good.
In general, CICC Cash Manager C has little safety issues and relatively good expected returns, making it suitable for Wealth Management users who have certain requirements for current expected returns.