Comparison between bank wealth management products and money funds: From the perspective of investment targets, money funds mainly invest in highly liquid interbank market instruments such as cash, bank certificates of deposit, bonds and central bank bills. Bank wealth management products are further subdivided into capital preservation type and non-capital preservation type-the former is undoubtedly more secure, with a wide range of investment objects and vague disclosure in product specifications, generally including interest rate products, exchange rate products, bills, bonds, credit assets and so on.
In this sense, the investment risk of bank wealth management products should be high, but it may not be the case in actual operation. Under the constraint of implicit rigid redemption, almost all bank wealth management products, whether guaranteed or non-guaranteed, have reached the expected rate of return. According to the data, from 20 13 to1~ August, more than 40 commercial banks nationwide * * * issued 28,042 bank wealth management products, of which only 5 products had lower actual returns than expected, accounting for 0.02%. This means that when investors buy bank wealth management products, the maximum probability of the expected rate of return agreed in the product specification is the final actual rate of return.
Money Fund: It should be noted that the investment return rate of bank wealth management products may not be significantly higher than that of money funds after the collection period. At present, high-yield bank wealth management products usually need to be queued for purchase. During the subscription period, the funds only bear interest at the deposit interest rate, so investors can only get the investment income between the value date and the maturity date stipulated in the product specification. However, there is no such restriction on the money fund, and investors begin to calculate the investment income the day after buying the money fund.
In short, if there are no good investment opportunities, it is recommended to choose this kind of money fund.