As the bond market cools down and the stock market fluctuates slightly, currency funds may be a safe haven. Perhaps many investors don’t know what t+0 currency funds are on the market? The editor has summarized it as follows:

How many days does it take for general currency fund redemptions to arrive? Ranking of expected annualized expected returns of currency funds in November 2016

On-exchange currency funds:

Real-time subscription and redemption of currency funds refers to real-time subscription of currency funds through the exchange’s on-site system and redemption business. The real-time subscription business of on-exchange currency funds refers to investors submitting currencies that comply with regulations during the trading hours specified by the Shanghai Stock Exchange.

For fund subscription declaration, the Shanghai Stock Exchange system confirms in real time whether the subscription declaration is valid. Fund shares confirmed to be validly subscribed will enjoy the expected annualized return of the fund on that day and can be redeemed on the next trading day; real-time redemption business refers to investment If the investor submits a redemption declaration that meets the specifications during trading hours, the Shanghai Stock Exchange will confirm in real time whether the redemption declaration is valid, and the funds corresponding to the fund units confirmed to be validly redeemed will be available on the same day and can be withdrawn on the next trading day.

What are the t+0 money funds on the market?

Advantages of on-exchange money funds:

1. In terms of participation method, they can be bought and sold at market prices like stocks, which is more in line with the habits of stock investors, while retaining the redemption and redemption mechanism.

2. In terms of convenience, the trading type can be bought and sold directly through the trading terminals of all securities firms. If you have a Shanghai A-share account or a Shanghai Stock Exchange fund account, you can participate directly without opening another account or signing a contract; the subscription and redemption type can only be purchased through Some securities firms open subscriptions and redemptions to investors.

3. In terms of liquidity, the transaction type realizes intraday reversal trading, that is, it can be sold at T+0 after buying. There is no limit on the upper limit of the purchase, sale, redemption and purchase amount of Huabao Tianyi, which is convenient. Investors can flexibly participate and withdraw during the trading hours; once a subscription application is submitted, it cannot be canceled, and a daily upper limit for subscriptions and redemptions is set. Investors generally need to buy early during the trading hours, otherwise it may result in a "cancelled order".