The 7-day annualized rate of return is the annualized rate of return for the last 7 days. Every 7 days is different, and there will be fluctuations. It can only be used as a reference standard, which does not mean that you will get this benefit every day after you buy it.
2. For example, the annualized rate of return of Yu 'ebao in March 13 is 4.4890%, which refers to the average annualized rate of return during the seven days from March 6 to March 12. The income of ten thousand copies is 1. 1994, which means that100000 yuan is put in the balance treasure, and the income on March 1. 19 yuan is1March. If there is 5,000 yuan in the balance treasure, the income is 1. 1994÷2=0.59 yuan; If there is 20,000 yuan, the income is 1. 1994×2=2.39 yuan, and so on.
3. The income we get every day is calculated in tens of thousands of shares, but we usually look at the annualized rate of return of seven days, because we can intuitively see how the income trend of Yu 'ebao is these days, and which income is higher than other wealth management products. The 7-day annualized rate of return is generally the same as the 10,000-share income, but it occasionally rises and falls.
Extended data
For long-term wealth management products, the subscription period and liquidation period may be negligible, but for short-term wealth management products within 7 days or 1 month, this time has a great impact. For example, a bank's 7-day wealth management product is called annualized rate of return 1.7%, but it needs at least 8 days of funds, 1.7% * 7/8 = 1.48%, which is almost the same as the bank's 7-day notice deposit, and the bank's notice deposit is much more convenient and stable than the general risky wealth management products. Therefore, to look at the annualized rate of return, we should not only look at the declared figures, but also look at the actual income figures.
Under different income carry-over methods, the calculation formula of seven-day annualized rate of return should also be different. At present, there are two ways to carry forward the income of money market funds. One is to pay dividends on a daily basis and carry them forward on a monthly basis, which is equivalent to daily simple interest and monthly compound interest; The other is daily dividend, which is carried forward on a daily basis, equivalent to daily compound interest, in which the formula for calculating simple interest is: (∑ ri/7) × 365/10000 ×100%, and the formula for calculating compound interest is: (∏ (1+ri/650).
It can be seen that the 7-day annualized rate of return is calculated according to the 7-day income, and the 30-day annualized rate of return is calculated according to the latest 1 month income.
Baidu encyclopedia: annualized rate of return