1. Different investment targets: the fund mainly invests in the stock market and bond market, and most wealth management products invest in the money market.

2. Different fees: funds need subscription fees and redemption fees, but wealth management products do not.

3. Different scales: Open-end fund investors can purchase and redeem at any time, so the scale of the fund is not fixed; After the wealth management products are established according to the prospectus, the scale remains unchanged.

4. Different redemption methods: when withdrawing funds, the funds will be received after redemption; After the maturity of wealth management products, the principal and interest will be automatically received.

5. Transparency is different: when buying a fund, you can see the top ten awkward stocks of the fund manager. When buying wealth management, you generally can't see the investment channels or the stocks you buy.

6. The starting point of purchase is different: general wealth management products need to start at 50,000 yuan, while some funds need to start at 1 yuan.

Financial products are products designed and issued by commercial banks and formal financial institutions themselves. The raised funds are put into the relevant financial markets according to the product contracts, and the relevant financial products are purchased, and the investment income is distributed to investors according to the contract.

Bank RMB financial products can be roughly divided into bond type, trust type, linked type and QDII type.

Bond type: invest in the money market, and the investment products are generally central bank bills and short-term corporate financing bills. Since individuals cannot directly invest in central bank bills and short-term corporate financing bills, such RMB wealth management products actually provide customers with opportunities to share the investment income in the money market.

Trust: trust products guaranteed or repurchased by commercial banks or other financial institutions with high credit rating, and products invested in trust of beneficial rights of excellent credit assets of commercial banks.

Linked type: the final yield of products is linked to the performance of relevant markets or products, such as linked to exchange rate, linked to interest rate, linked to international gold price, linked to international crude oil price, linked to Dow Jones index, linked to Hong Kong stocks, etc.

QDII type: QDII, that is, qualified domestic investment institutions provide overseas financial services on behalf of customers, refers to commercial banks qualified to provide overseas financial services on behalf of customers.

QDII RMB wealth management products, in short, are wealth management products that customers entrust their RMB funds to qualified commercial banks, and qualified commercial banks convert RMB funds into US dollars, directly invest overseas, and after the maturity, exchange the US dollar income and principal into RMB for distribution to customers.

Wealth management products can generally be purchased through commercial banks or non-bank financial institutions. Traditional channels include banks, insurance companies, securities companies, futures companies and fund companies. Emerging channels include: third-party financial institutions and integrated financial service institutions.

If it is a linked product, we should analyze the performance of the linked market or product, and whether the linked direction and range meet the market expectations and whether it is possible to achieve it.

The expected rate of return of bank wealth management products is only an estimate, not the final rate of return. Moreover, the bank's oral publicity does not represent the content of the contract, which is the most standardized agreement of wealth management products. "Financial experts said that in the current weak market environment, investors need to read the product manual carefully when purchasing bank wealth management products, and don't expect too much from the income of wealth management products.

The disorderly operation of wealth management products market is mainly manifested in market segmentation and homogeneous competition among wealth management peers. This phenomenon is related to the separate operation and supervision system of the financial industry. A large number of homogeneous products often have different styles of product descriptions and regulatory rules.