The investment direction of money market funds is mostly agreement deposits. Because of the large amount of funds and tight market funds, we have a high bargaining power with banks, and we can get much higher interest rates than deposits in banks. So its income will be high. In addition, it will also invest in high-credit AAA bonds within 397 years, bond repurchases, and central bank bills with a maturity of 1 year.
These investment directions determine that although different money funds will have different returns, they will not be too big.
Recommendation: Huaxia Cash, Guangfa Daily Red, Southern Currency A, Harvest, Huitianfu and ICBC Credit Suisse are also good money funds.