What is the transaction cost of the on-site fund? How to calculate? What bond funds are there in the market? Which is better?
What is a floor money fund?
On-site goods are connected with securities accounts and traded by investors in the whole market (not restricted by whether brokers sell them on a commission basis). The original intention of the on-site monetary fund was to target the securities margin market of 700 billion at that time. At that time, the stock market was in a downturn, and the idle amount of funds in investors' securities accounts remained high. The purpose of the floor money fund is to create an investment tool for investors, so that they can enjoy the expected annualized expected income far higher than the current expected annualized interest rate without frequently transferring funds between banks and brokers.
On-site fund trading rules:
1. On-site T+0 transaction:
That is, you can buy on the same day and sell on the same day. There are only two products on the market: Huabao Tianyi (51kloc-0/990) and Yin Hua Rili (5 19880).
2. On-site T+0 redemption:
That is, T+0 can be redeemed by the fund, and various securities can be bought and sold after redemption. This kind of products originated from securities firms' margin financing and securities lending products, such as Cinda cash treasure and Huatai Zijin Tiantianfa (the largest monetary management tool in securities companies), which are only aimed at customers under their respective service systems.
How does the money fund play on the court?
1. Expected annualized expected income per day.
Suitable for the scene I just mentioned, the spare money extracted from stocks can be invested in the on-site cargo base, and you can enjoy the expected annualized expected return of the cargo base while waiting for the opportunity.
Second, the expected annualized expected return on holidays.
During holidays, the stock market is closed and the monetary fund is not closed. However, some procrastinators don't remember to buy goods until the day before the holiday. However, on the last trading day, most OTC money funds suspended subscription.
At this time, the on-site money fund provides a channel: as long as you buy before the close, you can also make money during the holidays.
Third, discount premium arbitrage.