Short-term financial management contrast money fund
The investment targets of short-term financial management funds are very similar to those of money funds. However, from the product itself, the short-term financial management fund has a longer investment period and a wider scope. Therefore, in theory, its expected annualized expected return is higher than that of the money fund, and the specific situation is related to the time when short-term financial funds open positions. Of course, short-term financial management funds are open regularly, and their liquidity is better than that of money funds.
Characteristics of short-term financial management funds:
1, low threshold
Compared with ordinary bank wealth management products, short-term wealth management funds have obvious low threshold characteristics, and short-term wealth management funds can be purchased at 1000 yuan.
2. Zero cost
There is no charge for the subscription and redemption procedures of short-term financial management funds. However, a small amount of management fees, custody fees and sales service fees will be charged.
3. Regular redemption
Short-term financial management funds have an operating period and cannot be redeemed before the operating period expires. You can't redeem it until it expires. The operating period of short-term financial management fund includes 7 days, 14 days, 28 days, 30 days, 60 days, 90 days, etc.
4. Low risk
Short-term financial management funds have strict restrictions on the variety and duration of their own investments, and cannot invest in A shares and convertible bonds. You can only invest in short-term high-security varieties such as central bank bills, short-term financing bills and agreement deposits within 397 days. So the risk is very low, equivalent to a money fund. In addition, compared with the bank's wealth management products, short-term wealth management funds also have an advantage that their operation will be more transparent. Because it is fund management, the expected annualized expected rate of return data such as the seven-day historical expected rate of return of the fund will be published every day.
5. Daily carry-over
Generally, short-term financial management funds are valued by amortized cost method similar to that of money funds, so their unit net value is similar to that of money funds, which is always 1 yuan, and their expected annualized expected returns are calculated daily and carried forward on schedule.
6. Automatic rollover