Nissin Money Market Fund is a monetary fund financing product issued by Puyin AXA.

Under the premise of maintaining the low risk and high liquidity of fund assets, it strives to achieve a return on investment that exceeds the performance benchmark. The fund invests in financial instruments permitted by laws, regulations and regulatory agencies, including cash, call deposits, short-term financing bonds, bank time deposits within one year, large deposit certificates, and bond repurchases within one year.

central bank bills with a maturity of less than one year, bonds, asset-backed securities, medium-term notes with a remaining maturity of less than 397 days, and other financial instruments with good liquidity recognized by China Securities Regulatory Commission and China People's Bank. If laws, regulations or regulatory agencies allow money market funds to invest in other varieties in the future, the fund manager can include them in the investment scope after performing appropriate procedures.

Extended information:

Nissin has the following two major investment strategies:

1. Corporate credit analysis

The development of direct financing is a long-term trend, so corporate bonds and corporate short-term financing bonds will also become important investment targets of money market funds. In order to ensure the safety of fund assets, the Fund will only invest in corporate bonds and short-term financing bonds that meet the requirements of credit rating in accordance with relevant laws and regulations. At the same time, the Fund will deeply analyze the financial soundness of the issuer, judge the possibility of default by the issuer, and strictly control the default risk of corporate bonds and short-term financing bills.

2. specific investment strategy of the fund

(1) rolling allocation strategy

the fund will adopt the method of continuous investment according to the market characteristics of specific investment products, which can not only improve the stability of the liquidity of the fund assets, but also ensure that the return rate of the fund assets is basically consistent with the market interest rate.

(2) Duration control strategy

The Fund will allocate the duration of the fund assets according to the judgment of the interest rate trend in the money market. When the expected interest rate rises, shorten the duration of fund assets to avoid capital loss or obtain higher reinvestment income; When the expected interest rate falls, extend the duration of fund assets to obtain capital gains or lock in a higher rate of return.

(3) Arbitrage strategy

Arbitrage strategy includes cross-market arbitrage and cross-variety arbitrage. Cross-market arbitrage refers to arbitrage by using different performances of the same financial instrument in various sub-markets. Cross-variety arbitrage is to use the yield difference of different financial instruments to seek higher yield on the basis of meeting the liquidity and safety needs of the fund itself.

(4) Timing strategy

Factors such as stock and bond issuance and year-end effect may temporarily unbalance the supply and demand of market funds, thus pushing up the market interest rate. Making full use of this imbalance can improve the return on fund assets.

Baidu Encyclopedia-Puyin AXA Ririying Money Market Fund