The second is the on-site money fund, which refers to the money fund that can circulate in the secondary market. Compared with OTC money funds, it has a great market among investors, because it can realize the exchange of stocks and funds from time to time. There are two kinds of floor money funds, both of which are used as margin management tools, namely floor trading money funds and floor redemption money funds.
In the non-trading hall monetary fund, investors confirm the application for subscription and redemption in real time through the "Shanghai Stock Exchange" platform, realizing the fast track of T+0 transactions such as Huitianfu's expected annualized expected income;
Money funds that can be listed and traded can be traded directly in the secondary market, just like buying and selling stocks, such as Huabao Xingye cash plus ETF.
Funds that can be traded in the market are like buying and selling stocks. As long as there is an opponent, you can buy and sell. Therefore, in theory, there is no upper limit for subscription and redemption, mainly depending on the liquidity of the secondary market. On the other hand, such funds may generate a discount premium. For example, when a large number of investors need to redeem, there may be a discount. But the discount will not be very big, because once there is a discount, someone will buy arbitrage immediately.
There is no discount premium for off-exchange money funds, but there is generally a redemption ceiling. This upper limit is set by the fund company and changes daily. The upper limit mainly depends on the amount of realizable assets of the fund the next day, including cash, repurchase due at 1 day and deposits due at 1 day.