I. Composition of the yield of fund products
When calculating the yield of fund products, it is necessary to combine the cash inflow and outflow of fund products with the rise and fall of net value. For example, a fund product subscribed for 6.5438+0 million yuan at the initial stage of its establishment, and the cumulative net value of the fund product after one year is 6.5438+0.36 million yuan when the product performance benchmark is 3.6%, then the one-year yield of the product is:
One-year yield = (103.6-100) ÷100 = 3.6%.
Second, the calculation method of annualized rate of return
The rate of return calculation method mentioned above is for one year, but in actual business, we are more familiar with the annualized rate of return. The annualized rate of return is calculated as follows:
Annualized rate of return =( 1+ single-period rate of return) (365/ holding days)-1
For example, a fund product was purchased on June 65438+1 October1and received on June 65438+February 3/year. During this period, the fund products have 260 trading days. In the case of meeting the performance comparison benchmark, the total net growth rate of products is 3.6%.
Annualized rate of return =( 1+ single-period rate of return) (365/ holding days)-1
=( 1+3.6%)^(365/260)- 1
=4.96%
Third, pay attention to the calculation of compound interest.
When calculating the annualized rate of return, we need to pay attention to the calculation of compound interest. Compound interest refers to the way in which the principal in the sum of principal and interest re-interests, that is, the annual rate of return continues to act on the original funds, and the accumulated interest and capital principal will be calculated in the next year, gradually increasing the capital income. Therefore, when we calculate the annualized rate of return, we need to incorporate the principle of compound interest calculation into the calculation.
Four, the factors affecting the yield of fund products
The yield of fund products is influenced by many factors, including the market economy environment, the investment ability and operation management of fund managers. At the same time, when calculating the annualized rate of return, we need to pay attention to the time node to understand whether the selected calculation period is in line with the actual market situation, such as market economic environment and capital liquidity.
Verb (abbreviation of verb) conclusion and suggestion
Overall, the fund products with a performance benchmark of 3.6% performed significantly better. According to various calculation methods, we get that the one-year yield of this product is 3.6% and the annualized yield is 4.96%. Of course, investors should also be reminded that the yield of fund products is not static, and different market conditions and operating strategies will have an impact on the yield of fund products. When investors choose investment products, they need to analyze and evaluate the risks and benefits of funds and invest rationally.