Money funds invest in money market instruments, such as deposits, certificates of deposit, short-term bonds and central bank bills. Monetary fund is the least risky fund. Although it does not promise to break, it will hardly lose money.
Comparison between Tianlibao and Yu 'ebao of ICBC;
Category: ICBC Tianlibao is a net-worth cash management and wealth management product, and Yu 'ebao is a monetary fund, with similar meanings, but different names.
Quantity: There are more than 20 money funds docked under the name of Yu 'ebao, and each fund corresponds to a different issuer. The issuer of ICBC Tianlibao is ICBC Wealth Management Company under the Industrial and Commercial Bank of China.
Income: income = confirmed amount ÷ 10000× income of the day. Both are calculated according to the income of 10,000 shares, but Yu 'ebao has more than 20 money funds, and the daily income of each product is different. Overall, the income of ICBC Tianlibao is relatively higher than that of Yu 'ebao.
Cost: Although Yu 'ebao is free, investors need to collect management fees, custody fees and sales fees when purchasing funds. Relatively speaking, Tianlibao's management fee is higher than other money funds of Yu 'ebao, but the sales fee and custody fee are relatively low.