Some money funds do not distribute the expected annualized expected return on weekends and holidays, and do not update their expected annualized expected return data. Instead, the data is calculated, distributed and updated on the first working day after the holiday, resulting in a particularly high expected annualized expected return per 10,000 yuan per day the day before. By the end of the week, some investors will purchase or redeem quickly, and will add up the expected annualized expected returns for several days and distribute them together. Will it be unfair?

The quick redemption money is not the money redeemed by the money fund share, but the money advanced by the fund company or the agency, which is equivalent to the investors transferring their shares to them. Quick redemption will not affect the fund share on T-day. These shares are only held by fund companies or consignment agencies.

It can be seen that the share of funds on weekends and holidays will not decrease. At the same time, the subscription of the Monetary Fund is confirmed at T+ 1, so the share will not increase during holidays.

Therefore, no matter how many people choose to purchase or choose to redeem quickly on holidays, when calculating and distributing the expected annualized expected income, the total expected annualized expected income and the total share are unchanged. Therefore, during the holidays, whether the expected annualized expected return of the fund is distributed on a daily basis or superimposed together will not affect the actual expected annualized expected return of investors, how much or how much.

As for why it is not distributed and updated every day on holidays, on the one hand, fund companies have to rest on weekends and holidays, which can also avoid duplication of work and reduce workload.

More importantly, the allocation of expected annualized expected returns requires a complex calculation process, and for funds that pay expected annualized expected returns every day, it also requires a very strict audit process, and it cannot rely entirely on the automatic allocation of the system. But also involves custodian banks, payment channels and so on. The purpose of not issuing the expected annualized expected income on holidays is to ensure that everyone's expected annualized expected income is accurate. It's okay to have more hair, but without it, the whole thing will be messed up and no one wants to share it.