For example, if the seven-day annualized rate of return is 5.59%, and I have 7,000 in it, how much interest will I get in one day?

The so-called seven-day annual return rate refers to the method of calculating annual return based on the average return of seven trading days.

For example, the seven-day annualized rate of return displayed on a certain currency fund that day is 6%, and assuming that the currency fund's income in the next year can maintain the same level as the previous seven days, then you can get 6% by holding it for one year.

overall income.

Of course, the daily returns of money funds will continue to change with the operations of fund managers and fluctuations in money market interest rates. Therefore, in practice, it is unlikely that fund returns will remain unchanged for one year.

Therefore, the seven-day annualized rate of return can only be used as a short-term indicator. It can roughly refer to the recent profit level, but it cannot fully represent the actual annual income of this fund.