Characteristics of Internet Monetary Fund Products
Monetary fund is an open-end fund that collects idle social funds, is operated by fund managers and kept by fund custodians. It specializes in investing in low-risk money market instruments, which is different from other types of open-end funds. It has the characteristics of high security, high liquidity, stable expected annualized expected return and "quasi-savings". Internet money fund is a money fund issued on the Internet platform, which is more convenient than the traditional money fund and has a higher expected annualized rate of return than the traditional bank financing.
Expected annualized expected return of Internet money fund products
Through the internet money fund, users can not only get the expected annualized expected income, but also pay and transfer money at any time. Users can directly purchase wealth management products such as funds on Alipay website and WeChat wealth management. The funds transferred to the Internet Monetary Fund shall be confirmed by the fund company on the second working day, and the expected annualized expected income shall be calculated for the confirmed share.
Examples of internet money fund products
The representative Internet money funds in China are: Tian Hong Fund, Yu 'ebao, Huaxia, Huitianfu and so on. Fund companies have joined hands with WeChat Financial Management, Xingquan Treasurer's Wallet and Guangfa Money Bag. The following picture shows some Internet money fund representatives: