What is the income of the interbank deposit certificate index fund?
1 yield
Interbank certificates of deposit are certificates of deposit printed by banks themselves and then sold to brothers and sisters in the same industry. If the amount of funds is small, this interest may be negligible, but when the amount of funds is large, this interest is also considerable.
More than 80% of the index funds of interbank deposit certificates are invested in interbank deposit certificates, and the remaining 20% can be invested in financial bonds and other AAA-rated credit bonds.
Among them, interbank deposit certificates have the advantages of good liquidity, low credit risk and short term, and they are mainly institutional investors, so index funds that invest in interbank deposit certificates also have these advantages, and we individual investors can also participate.
Money funds mainly invest in short-term money market instruments, mostly assets with a maturity of 3 months or even less than 1 month, with the shortest average maturity and lower returns.
Interbank deposit index funds usually hold interbank deposit certificates with a maturity of less than 1 year. Generally, the longer the term of such fixed-income assets, the higher the income. Therefore, the income of interbank deposit index funds is often higher than that of money funds.
2 Risk level
From the risk point of view, the withdrawal and volatility of interbank certificates of deposit are obviously less than that of pure debt funds, but slightly greater than that of money funds.
Especially in 20 16 and 2020, the bond market is facing a big adjustment, and the maximum index retracement in that year is only 17BP, which is a low-risk product. At the same time, for the remaining 20% who can invest in bonds, there are also higher grade requirements, so the risk of default is relatively low.
3 liquidity
From the liquidity point of view, the best choice is the money fund, there is no subscription fee and redemption fee, and even a money fund like Yu 'ebao can be used at any time.
The holding period of the Interbank Deposit Certificate Index Fund is 7 days. It can be redeemed for at least 7 days after purchase, and the redemption funds usually arrive on T+2 days.
The short-term debt fund is redeemed within 7 days, and the redemption fee is 1.5%.
So the overall liquidity is the money fund >; Short-term debt fund > interbank deposit certificate index fund.
On the whole, the yields of interbank deposit index funds and short-term debt funds are similar, and the money fund is the bottom. From the risk point of view, the money fund is safer, but compared with the short-term debt index, the interbank deposit certificate index fund is better.
If you want to choose short-term wealth management products within 7 days, then from the perspective of security and liquidity, money funds are the first choice. Not only is it the king with the strongest mobility, but the retreat is also close to zero. However, if it is a short-term financial demand for more than 7 days, then you can pay attention to the interbank deposit index fund. Moreover, interbank deposit index funds have no subscription and redemption fees, and other rates are relatively lower than traditional money funds.
* Financial management is risky and investment needs to be cautious. The above contents are personal opinions, for reference only, and do not constitute any investment advice.