Change Pass is a wealth management product launched by WeChat. Its wealth management function is similar to Alipay's Yu 'ebao, and the docked wealth management products are all money funds. Users who manage money with small change at the same time as people around them can find that even if they have the same amount of assets, everyone's daily income will be different. Why?

Why is the yield of change pass different for everyone?

Everyone's variable rate of return is different because each user chooses a different money fund, and different money funds have different rates of return. There are many funds to choose from, but they are all monetary funds, and users can change funds at any time.

The yield of money fund is floating. Perhaps the yield of this money fund is higher today, and the yield of another money fund may rank first tomorrow. In this case, investors do not need to change the fund with the highest yield every day, which will lead to great economic losses. Because the money fund implements the T+ 1 trading system, the money fund bought before 3 pm that day needs to make a profit the next day. If it is postponed on holidays or weekends, there will be no income from changing funds these days.

Judging from the current rate of return of change money funds, the first place is South Cash Fund E, the second place is Ping An Rili Currency A, and the third place is Warburg cash treasure Currency A. The ranking order may be different tomorrow. The net value of the money fund changes every day, and the corresponding annualized rate of return of the money fund changes every day.