Money funds mainly invest in money market instruments, such as bank deposits, certificates of deposit, government bonds, etc. , the security is very high, and the typical representatives are Yu 'ebao and Cointong. The investment direction of wealth management fund and money fund is similar, and the bond has a longer term and a certain operation period. Alipay Wealth Management and WeChat Wealth Management all have such products, and the risk is not high, and the expected income is similar to that of money funds.
First, the investment period is different.
Financial funds have an operating period, usually 7 days, 14 days, 1 month or 2 months. Funds cannot be redeemed in advance, but money funds can be redeemed at any time. Some money funds also support quick redemption, which can be received on the same day. Liquidity is better than wealth management funds.
Second, the expected rate of return is different.
Due to the short term of the bonds invested, the expected return of the money fund is slightly lower than that of the wealth management fund. However, the expected income advantage of wealth management funds is not obvious, and many money funds have higher expected income than wealth management funds.
Third, the investment direction is different.
Money funds mainly invest in money market instruments, such as central bank bills, bank deposits and certificates of deposit. Financial management funds are equivalent to low-risk bond funds, which mainly invest in short-term financing bonds, national debt and bank deposits.
Generally speaking, the bonds invested by money funds have strict requirements on bond duration and credit rating, so the security of money funds is higher than that of wealth management funds.
Introduction reading:
What is financial capital? Equivalent to a money fund with higher expected returns.
What kind of person is Liu Zijian?