Usually, the income of the money fund is very stable. At present, the common money funds in the market usually have an annualized rate of return of 1.8-4.5%, and there are few losses.
Equity funds, on the other hand, face great uncertainty, and the returns from investment decisions in different directions are very different.
For example, if you buy a new energy stock fund this year, the income is likely to be above 100%.
If you buy a bank or insurance fund, the income is likely to be negative.
Therefore, the relative income of the money fund is low but the margin of safety is high.
Equity funds, on the other hand, have higher relative returns, but they also bear high risks and need to make more strategic changes.
With the disclosure of the mid-year report, the path of changing positions and shares in the second quarter of 10 billion private placemen