Open bank wealth management products refer to wealth management products that can be redeemed at any time during the product duration, and the liquidity of funds is more flexible than closed wealth management. As we all know, open-end funds can be purchased and redeemed, and some common money fund wealth management products include Yu 'ebao, etc. These are all open-end fund products.

Difference:

1. Closed-end wealth management products are based on the principle of high returns adhered to by wealth management products. Generally speaking, closed-end wealth management products have relatively high returns and poor liquidity, and they cannot be redeemed or redeemed in advance.

2. Compared with closed-end wealth management products, open-end wealth management products have lower income, and the biggest advantage is that the liquidity of funds is better, and they can be redeemed in advance, which is more convenient for temporary capital needs.

3. Open-ended wealth management products are also called net-worth wealth management products. Generally speaking, banks will charge management fees and redemption fees for net-worth wealth management products. Some wealth management products are collected at the front end, and most wealth management products are collected at the time of redemption. There are also some open-ended wealth management products, which stipulate that redemption fees will be charged only if redemption fails to reach the agreed time limit; If it reaches the agreed time limit, it can be redeemed for free. ?

If you need to use your funds frequently, open-ended wealth management products are more suitable, because the cycle is short, and you can redeem them in time when you need money. If you don't redeem them, open-ended wealth management products are generally purchased automatically. However, closed-end wealth management products cannot be redeemed in advance, and the cycle is long. When money is needed, it can be redeemed in time.

Extended information:

Wealth management products are products designed and issued by commercial banks and formal financial institutions themselves. After the raised funds are put into relevant financial markets and purchased related financial products according to the product contract, they are distributed to investors according to the contract. ? Since the beginning of 24, the styles and types of bank wealth management products, the amount of funds issued and the scale of funds have begun to expand rapidly. In 28, despite the slowdown in domestic economic growth and the turmoil in domestic and foreign financial and commodity markets, the sales of bank wealth management products still reached a record high. The scale of new funds raised by bank wealth management products exceeds that of insurance wealth management products, trust wealth management products, Public Offering of Fund and other wealth management products, and has become the main force to promote the development of domestic wealth management market. And in the next two years, maintain a high-speed growth trend.

Reference: Financial Products _ Baidu Encyclopedia