1. What is a short-term debt fund?
Short-term debt funds are between money funds and bond funds, and their investment scope is similar to that of money funds. They mainly invest in the inter-bank bond market, not in stocks and convertible bonds.
Compared with the money fund, the leverage ratio of short-term debt funds is higher, and the leverage ratio of short-term debt funds can reach 1.4 times, so the risk of short-term debt funds is slightly higher than that of money funds, but lower than that of hybrid funds and equity funds.
Short-term debt funds have a closed period and can be redeemed at any time after the closed period. The redemption time is generally T+ 1 or T+2, so its liquidity is equivalent to that of a money fund.
The purchase threshold of short-term debt funds is also not high, and they can be purchased in general 10 yuan, which is more suitable for low-risk wealth management customers and obtains higher expected return on investment on the basis of considering the liquidity and safety of funds.
2. How to calculate the expected return of short-term debt funds?
The formula for calculating the expected return of short-term debt funds is: expected return = the net value of the fund on that day; Fund share (1- redemption fee)-subscription amount+cash dividend.
The net value of short-term debt funds fluctuates every day, but generally speaking, the fluctuation range is not large, and the withdrawal range is small, and the maximum withdrawal is around -0.04%. Judging from the expected rate of return of a single fund, the expected rate of return of short-term debt funds is slightly higher than that of monetary funds, and the expected average rate of return of short-term pure debt funds is around 2.8%. For example, the expected return of China Ping An short-term debt C share is as high as 3.8 1%.
The above content about how to calculate the expected return of short-term debt funds, I hope to help you. Warm reminder, financial management is risky and investment needs to be cautious.