Simply put, different suffixes of money funds only represent different fund rates or different sales channels and purchase thresholds. Monetary funds A, B and E are essentially the same monetary fund. Let's talk about their differences in detail.
Monetary fund a and monetary fund b
The subscription threshold and sales service fee of class A money fund and class B money fund are different. For example, the annual sales service fee of Huaxia cash treasure Currency is 0.25%, and the subscription threshold is 100 yuan; Huaxia cash treasure Currency B annual sales service fee is 0.0 1%, and the subscription threshold is 5 million yuan.
Generally speaking, Class A money funds are mainly purchased by ordinary investors, while Class B money funds are mainly purchased by institutions and large investors.
What does monetary fund e mean?
In addition to Class A and Class B money funds, there are also Class E money funds. E Fund has two meanings, one is the fund sold in a specific institution/platform, and the other is the on-site money fund traded in stock accounts.
For example, the currency e of the cash manager is the fund, and the online merchant bank specializes in receiving the upgraded surplus sales. E, the trading currency of China Merchants Wealth, is a monetary fund that can only be traded in stock accounts.
Summary: The above is the knowledge of money funds A, B and E that we share with you. I hope it will help my friends.