Speaking of this, users who have not been exposed to money funds may have natural resistance when they hear the word "fund". In their minds, fund is often a term equivalent to high risk, but it is not. We might as well learn about the very hot fund at present by adding wealth management products: the money fund.
Monetary fund is an open-end fund that collects idle social funds, is operated by fund managers and kept by fund custodians. It specializes in investing in low-risk money market instruments, which is different from other types of open-end funds. It has the characteristics of high security, high liquidity, stable income and "quasi-savings".
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