Open-ended wealth management products refer to various rolling cycles provided by banks, such as 1 day, 7 days, 2 weeks and 4 weeks, among which 1 day is the most flexible. Except for a few products, most of these products are non-guaranteed floating income.

One advantage of open products is that it is convenient to purchase and redeem, and you can apply for redemption on the trading day, and the redemption funds of many products can be received in real time, which is more flexible than money market funds. Generally, the money redeemed by money market funds can only be received by T+2, and there is no income from the intermediate delay.

All banks' open-ended wealth management products have large redemption clauses, which can be found in the product manual. The large redemption clause is to protect the interests of all investors. Non-fixed-term wealth management products usually hold a certain proportion of cash for redemption applications.

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The expected rate of return of open-ended wealth management products is relatively stable, and usually remains unchanged for a period of time. However, when the yield of financial instruments invested in wealth management products changes, banks will adjust the expected rate of return in time.

Last year, the People's Bank of China successively introduced a tight monetary policy, which led to a steady increase in interest rates in financial markets and a continuous increase in the income of financial instruments. A number of banks subsequently raised the expected rate of return on wealth management products with no fixed term.

Phoenix. Com- Idle funds can buy products with no fixed term.