What is a floor money fund?
On-site money fund refers to the money fund traded in the stock market. You need a stock account to buy the floor money fund. Compared with off-exchange money funds, on-exchange money funds have more flexible investment methods and richer types. Some on-site money funds can buy low and sell high like stocks, and get the difference income.
There are three main types of on-site money funds:
1 subscription and redemption type: subscription and redemption type monetary funds generally start with 5 19. For example, on-site monetary funds such as 5 19808 Jiashibao, 5 19888 Tianfu Express A and 5 19858 Guangfa Abao can only be purchased and redeemed in the market, and cannot be traded.
2 transaction type: trading monetary funds generally start with 5 1 1, such as 5 1 1660 Jianxin Tianyi, 5 1 1690 transaction currency, and 51/kloc-. Exchange-traded monetary funds can not only be purchased and redeemed in the exchange, but also be traded in the secondary market at T+0.
3. Transaction-cum-subscription-redemption type: transactional money funds generally start with 159, such as 15900 1 margin, 159003 China Merchants Express, 159005 Tianfu Express. Trading plus subscription and redemption money funds can be purchased and redeemed at T+0, and traded at T+0.
Like the stock market, the trading hours of money funds in the market are 9: 30- 1 1: 30, 13: 00- 15: 00 every trading day, and the minimum purchase quantity is one hand 100. Because the on-site money fund can be bought and sold at T+0, it can provide an effective place for idle funds in our stock account.
The above is about the content sharing of on-site money funds, hoping to help everyone.