Currency funds are a type of open-end fund. According to the types of financial products invested by open-end funds, open-end funds are divided into four basic types: stock funds, hybrid funds, bond funds, and currency funds.

The first two categories belong to the capital market and the latter category to the money market.

Monetary funds mainly invest in extremely safe short-term financial products such as bonds, central bank bills, and repurchases. They are also known as "quasi-savings products." Their main characteristics are "worry-free principal, convenient demand, regular income, and

Diary earnings, monthly dividends”.

Monetary funds only invest in the money market, such as short-term treasury bonds, repurchases, central bank bills, bank deposits, etc., and there is basically no risk.

Its liquidity is second only to bank demand deposits. The income is calculated every day. Generally, the income is transferred into fund shares in one month. The income is slightly higher than that of a one-year time deposit, and the interest is tax-free.

The principal of currency funds is relatively safe, with an expected annual return of 3.9%.

Suitable for liquid investment instruments and an alternative to savings.

Due to the emergence of digital currency, a new type of currency fund, virtual currency fund, has emerged in the field of currency funds.

Also called digital currency fund.

For example: BLC Digital Currency Fund.

Under normal circumstances, the probability of investors making a profit is 99.84%; the expected rate of return is between 3.8-5%, which is higher than the 3.5% interest on one-year time deposits, and there is no interest tax; it can be redeemed at any time, generally after application

Funds will arrive the next day after redemption, which is very suitable for units and individuals pursuing low risk, high liquidity, and stable income.