The monetary fund announces its daily income every day, which is the day before. The daily income is converted to investors by the fund share, and the income is calculated by the fund share on the second day after conversion.
Monetary fund
Monetary fund is an open-end fund that collects idle social funds, is operated by fund managers and kept by fund custodians. Special investment in risk-free money market instruments, different from other types of open-end funds, has the characteristics of stable income, high security, high liquidity and "quasi-savings". The investment scope of money market funds is a variety with high safety factor and stable income, so for many enterprises and individuals who want to avoid the risks in the securities market, money market funds are a natural haven, which can not only obtain the income higher than the interest of bank deposits, but also ensure the safety of the principal.
Classification introduction
Monetary funds can be divided into Class A and Class B according to the size limit of participating funds. Class A is for small and medium investors, and Class B is for institutions and large investors. The minimum subscription limit of class A monetary funds is generally 1 1,000, and that of class B is 5 million. Their sales service rates are also different. For example, the annual sales service rate of Haifutong currency classification is 0.25%; The B-year sales service rate of Haifutong Currency is 0.0 1%.
open-ended fund
Open-end funds include general open-end funds and special open-end funds. The special open-end fund is LOF, which is called "listed open-end fund" or "open-end fund" in English and "listed open-end fund" in Chinese. In other words, after the issuance of listed open-end funds, investors can purchase and redeem fund shares at designated outlets, or buy and sell funds on exchanges.
close-ended fund
Closed-end fund refers to the fund sponsors who limit the total amount of fund shares when setting up a fund. After the total raised amount is completed and the necessary approval or filing, the fund will be declared and closed, and no new investment will be accepted for a certain period of time. The circulation of fund shares is listed on the stock exchange, and investors must bid on the secondary market through securities brokers in the future.