there is no risk. The upgrade is to transfer the funds originally purchased from Tianhong Fund to the new fund.

Compared with before the upgrade, the risk of Yu 'ebao has not increased, because both belong to the IMF products.

after the upgrade of Yu' ebao, although you can switch between other fund products at will, you can't buy the previous Tianhong Fund again, which is also to reduce the size of Tianhong Fund.

Yu 'ebao is a balance appreciation service launched by Alipay. Transferring money to Yu 'ebao is actually buying a monetary fund from Tianhong Fund, and you can get some income. Monetary funds are mainly used to invest in financial instruments with high security and stable returns, such as treasury bonds and bank deposits. Theoretically, there may be losses, but from the historical data, the risk of stable returns is minimal.

version information: take AliPay version 1.2.5, Apple 13(IOS15.2 system) and Huawei mate4(HarmonyOS2 system) as examples.