What does class e fund mean?
Class E funds represent the fund shares publicly offered on the fund company's website and direct sales center. Among money funds, Class E funds have two meanings, one is funds sold in specialized institutions or platforms, and the other is on-site money funds traded in stock accounts. Money funds mainly include Class A, Class B and Class E, all of which belong to money funds in essence, but the fund suffixes are different, and the fund rates, sales channels and thresholds are somewhat different.
The difference between class A money fund and class B money fund.
1, applicable to different objects: Class A money funds are suitable for ordinary retail investors; The B-type money funds are more aimed at large investors such as major institutions;
2. Different investment thresholds: the starting price of Class A funds is set at 10 yuan, 100 yuan, 1000 yuan, and the initial investment threshold is relatively low; The starting price of class B fund investment is set at 3 million, 5 million or even 6.5438+million, and the investment threshold of this fund is extremely high;
3. Different sales service fees: the management rate of Class A funds is the external average level; The management rate of Class B funds is lower than that of Class A funds, but Class B funds have special fund managers to provide exclusive financial planning for major enterprises or institutional investors.