Internet wealth management products refer to wealth management products that complete transaction procedures such as subscription and redemption through the Internet platform. The concept distinction of Internet wealth management products is mainly different from the traditional wealth management products purchased through bank counters. The category of Internet financial products mainly includes four aspects.

1. Financial products jointly issued by Internet companies and fund companies.

Typical representatives: baby wealth management products such as Yu 'ebao.

Take Tencent Licaitong as an example, and directly access the first-line brand fund companies represented by Huaxia Fund. The 7-day historical expected annualized rate of return announced for the first time is 7.394%.

In fact, the so-called "7-day historical expected annualized expected rate of return" is converted into historical expected annualized expected rate of return according to the 7-day expected annualized expected rate of return. If the freight base concentrates on realizing the expected annualized expected income of a certain day, then the expected annualized expected income of that day will be abnormally high, and the expected annualized expected income of its 7-day history will be very high for a period of time, so the index of "7-day historical expected annualized expected income" will be artificially high.

The best way is for investors to focus on the expected annualized expected return per 10,000 copies per day and the long-term performance stability while looking at the expected annualized expected return of the cargo base every day.

2. Financial products of 2.P2P platform

Typical representatives: Renren Loan (Priority Financial Plan), lufax (Wenli-An E Loan) and Qianbang Capital (Zhiyingbao).

This kind of product is the product of direct financial management on the Internet, that is, funds flow directly to the demander through the Internet platform, and investors enjoy the expected annualized expected income brought by the transfer of funds. Many P2P platforms cooperate with small loan, insurance or guarantee companies to ensure the safety of investors' principal and interest. Another way of protection is that investors enjoy the real mortgage provided by borrowers, the most common ones are cars and Shanghai real estate. It should be pointed out that for the collateral of the same property, the liquidity of the house is much higher than that of the office building or factory building.

The expected annualized income of regular P2P products is generally between 8%- 15%, and the expected annualized income of mortgage products is about 12%. However, if safety is considered comprehensively, the latter may be more favored by conservative investors.

3. Products promoted by fund companies on their own direct selling platforms.

Typical Representative: Huitianfu Fund (cash treasure, All-inclusive)

There is no difference in the original expected annualized expected rate of return between goods-based wealth management products and wealth management products directly promoted by fund companies. Because the fund products linked to the two are actually the same product, the expected annualized expected rate of return is naturally the same. The only difference is that although the general cargo base also promises T+0 redemption, the funds will not arrive until the closing date.

According to the data of Galaxy Securities, as of February 18, the average net growth rate of money market funds A and B was 0.7057% and 0.7425% respectively, and the expected annualized expected return in less than two months was twice that of current savings.

4. Banks issue bank-side cash management tools by themselves.

Typical representatives: Ping An Bank (Ping An Ying) and Guangfa Bank (Smart Money)

The guarantee of bank reputation is the biggest advantage of this kind of products. Many investors prefer the endorsement platform of financial institutions to sell products based on their own banking system in order to realize cash in time. It is precisely because of the strong reputation background provided by the institution that the transfer is easier.

In fact, at the moment when Internet finance is in full swing, banks have begun to constantly change. According to the research report issued by Guoyuan Securities, many banks have started to upgrade their open-ended wealth management products in an all-round way. Among them, the historical expected annualized expected income of open T+0 products has increased to about 4.5%, which can be purchased through online banking and mobile banking in addition to being sold at bank outlets.