Monetary fund is an open-end fund that collects idle social funds, is operated by fund managers and kept by fund custodians. It specializes in investing in low-risk money market instruments, which is different from other types of open-end funds. It has the characteristics of high security, high liquidity, stable income and "quasi-savings".
Due to the emergence of digital currency, a new type of money fund-virtual money fund has appeared in the field of money fund. Also known as the digital currency Fund. For example: BlackRock digital currency Fund.
Three criteria for selecting goods base: long-term performance, steady manager and online sales T+0.
The criteria for screening money funds are mainly to see whether their long-term past performance is stable and whether their fund companies have strong fixed-income teams to support them. Secondly, we should choose a monetary fund with large assets, because as a cash management tool, monetary funds have to deal with frequent redemptions every day. The larger the scale, the smoother the impact of capital inflow and outflow, and the more stable the income. Finally, as the most important point, the liquidity of the money fund is also very important. Money market funds that can withdraw cash at any time (that is, T+0 service) have become investors' first choice.