Is the money fund calculated by daily compound interest?
At present, most of them are daily carry-over income. Although everyone calls it daily compound interest, it is actually not much different from monthly carry-over, which is also commonly known as monthly compound interest income. If the cake is that big, 12 times may be no different from 365 days. In the end, the income of the fund mainly depends on the investment effect. Even a poorly managed money fund may not have higher monthly income than a well-managed money fund. After all, money funds are not deposits.