Seven-day income: 100000*2%/365*7=38.36 yuan.
The 7-day annualized rate of return is to calculate the corresponding annual interest rate through the income for 7 consecutive days, and the calculation formula is =7-day income/pre-transaction value /7*365* 100%.
For example, an investment has a pre-transaction value of 100000 yuan on the first day, a daily income of 70000 yuan within seven days, and its annualized rate of return on the seventh day is 7/10000/7 * 365 *100% = 3.65%.
The higher the seven-day annualization, on the one hand, the higher the income in the past seven days, on the other hand, it means that the fund's next trend is stronger.
Ordinary investors don't need to calculate the 7-day annualized rate of return by themselves, because many money foundations automatically give the average rate of return in the last 7 days, and the 7-day annualized rate of return seen in each trading interface is the rate after deducting management fees and custody fees. Investors only need to calculate the daily income.
Note: The benchmark date of 7-day annualized rate of return is short, which mainly reflects the short-term trend of wealth management products. The current 7-day annualized rate of return may not be maintained in the later period of products. The 7-day annualized rate of return is variable, which can only estimate the approximate annualized rate of return, and does not represent the actual annualized rate of return of the product.
The annualized rate of return of wealth management products and the 7-day annualized rate of return are both reference values, which does not mean that there will be gains after maturity, because wealth management is risky, and even if the market is not good, it may lose money.
Like 7-day annualization, 30-day annualization is also used more, and the corresponding annual interest rate is calculated by the income of 30 consecutive days. The 30-day annualized rate of return takes longer than the 7-day annualized rate of return, which can better reflect the development trend of wealth management products. Generally, different wealth management products will choose different annualized rates of return to represent product income according to their own risk characteristics.