Backed by the huge user group of ants, Tian Hong Yu 'ebao once became the envy of other fund companies. In the first quarter of this year, the scale of Yu 'ebao exceeded the trillion mark for the first time and became the largest monetary fund in the world. At present, the scale of Yu 'ebao is still growing at a high speed, with the latest scale reaching 1.4 trillion yuan.

However, the status of Yu 'ebao's "exclusive pet" seems to have been threatened recently. Following the low-key launch of Bo Shi He Hui Monetary Fund in Ant Wealth on June 1 day, the monetary funds of four fund companies, namely Bank of China, CCB, ABC Huili and China Merchants, also quietly logged into Ant Wealth. Prior to this, although there were various types of funds, such as stock funds, hybrid funds and debt-based funds, money funds still dominated, with only one fund, Yu 'ebao.

A number of money funds have quietly launched.

At present, there are six money funds on the Ant Wealth Platform, namely Tian Hong Yu 'ebao, Boshi He Hui AB, BOC Salary Wallet, CCB Cash Increase, ABC Huili Rixin, and China Merchants Zhaolibao.

The latest scale of Yu 'ebao reaches 1.4 trillion, and the number of users exceeds 300 million, which makes other funds far behind. As of July 1 1, the 7-day annualized rate of return of Yu 'ebao was 4. 1 1%, the income of ten thousand funds was 1. 10 yuan, and the three rates of management fee, custody fee and sales service fee totaled 0.63%.

Banks are monetary funds, which settle in ant wealth.

Following the launch of Bosera Monetary Fund by Ant Wealth, recently, the monetary fund products of four banking fund companies, including CCB Fund, ABC Fund, China Merchants Fund and BOC Fund, have also been launched collectively. Ant Fortune said: All money fund products are welcome to settle in, and there will be more money fund products in the future.

At present, the four banks on the line are all monetary funds: CCB's cash increase, ABC's daily profit increase, China Merchants Zhaolibao and BOC's salary wallet. The reporter found that the annualized rate of return of these bank-based products in the past seven days was basically between 4.5% and 4.9%, which also performed well.