Ultra-short-term wealth management products generally refer to financial market instruments with high credit rating and good liquidity; The product life is generally about 3-5 days; Emphasis on steady investment can basically achieve capital preservation or similar capital preservation, and the rate of return is much higher than that of cash management tools for demand deposits. Here are several ways to buy ultra-short-term financial products, hoping to help you!

What is an ultra-short-term wealth management product?

Ultra-short-term wealth management products generally refer to financial market instruments with high credit rating and good liquidity; The product life is generally about 3-5 days; Emphasis on steady investment can basically achieve capital preservation or similar capital preservation, and the rate of return is much higher than that of cash management tools for demand deposits.

According to statistics, there are hundreds of ultra-short-term wealth management products launched by major banks. Among them, China Merchants Bank's Daily Profit, Industrial and Commercial Bank's Smart Express, China Bank's Weekend Financial Management, Seven-day Automatic Rolling Financial Management and China Construction Bank's Daily Income are several classic ultra-short-term financial management products, which are favored by the market.

Matters needing attention of ultra-short-term wealth management products

1. Pay attention to the redemption time when investing in ultra-short-term wealth management products, because the trading rules of each bank are different. If a short-term product of Bank of Communications is redeemed before 16: 30 on the same day, the funds will arrive in 2-3 hours. At the same time, we should pay attention to the problem of huge redemption. In the early stage, many banks suspended the redemption of ultra-short-term wealth management products because of the huge redemption clause, which affected investors to play new shares.

2. The transaction rate is also an important issue. Generally, the cost of ultra-short-term wealth management products is very low, but some banks have set subscription and redemption fees, which are about 0.5%- 1.5% of the funds. And some products have restrictions on redemption. If it is not held within the prescribed time limit, the bank will charge a certain percentage of redemption fee.

3. On the other hand, ultra-short-term wealth management products are divided into non-fixed-term products and fixed-term products. Among them, the products with longer maturity have higher relative returns, and investors can choose according to the expected service life of funds. If the funds are used frequently, you can choose products with non-fixed term and redeem them at any time. If you think the funds will be used after one week, you can choose a term of 7 days, and you can choose 14 days for half a month. In this way, for investors who participate in the subscription of new shares but don't want to take high risks, ultra-short-term bank wealth management products are one of the best ways to handle funds.

4. Pay attention to the redemption fee and redemption period to prevent redemption from being suspended. When the financial plan manager suspends accepting redemption applications on the same day, investors can continue to submit redemption applications on the next trading day.

Ways to buy ultra-short-term wealth management products

First, define the scope of investment.

Money market funds are strictly limited to: cash; Bank time deposits, certificates of deposit, bond repurchases, central bank bills and other money market instruments with good liquidity recognized by the CSRC and the central bank within one year (including one year). Bank wealth management products are fund management plans developed, designed and sold for different customers according to the Interim Measures for the Operation and Management of Personal Wealth Management Business of Commercial Banks issued by CBRC. At present, short-term bank wealth management products on the market are also urgently invested in bonds with high credit rating (national debt, financial debt and central bank bills) to ensure investment income.

From the perspective of investment scope, although the supervision departments of money funds and bank wealth management products are different, the investment scope is similar.

Second, the difference between the input time limit agreement

The characteristics of money market funds are that they take effect on the day of subscription and can be redeemed at any time the next day. After redemption, T+ 1 arrives; Fast capital flow, high investment efficiency and high use efficiency. Short-term bank wealth management products generally have a fixed term (such as 3 days, 7 days, 14 days, etc.). ), the funds can only be recovered after the expiration. At the same time, the product consists of subscription period, value date, maturity date, liquidation date and payment date. Investors' funds are only calculated between the value date and the maturity date.

By comparison, it can be seen that there are obvious differences between the two products in terms of investment sustainability and capital use efficiency. The bank's short-term wealth management products have an investment period. After the maturity of the wealth management products purchased by investors, if there is no real-time docking of similar products, investors can only put their funds in a current account and wait for another similar product to be sold before continuing to invest. Investors' short-term financial management loses continuity, and the average rate of return during the whole investment period will be greatly reduced.

Third, pay attention to past performance.

According to statistics, as of August 3 1 day, the annualized rate of return of the whole market money fund on the 7 th was 3.52%; However, due to the wide variety of bank wealth management products, there is no unified statistical caliber for the expected rate of return of products.

Fourth, cost comparison.

Money market funds do not charge subscription fees and redemption fees, but only management fees and custody fees. At present, the implementation standards are management fee of 0.33% and custody fee of 0. 1%. At present, the CBRC has not clearly regulated the charges for bank wealth management products. Banks set their own charging methods, and investors can read product sales contracts or ask relevant bank personnel.

Fifth, the starting point of investment is different.

At present, the starting point for the subscription of the Monetary Fund is 1 10,000 yuan, with no upper limit, while the fixed investment of the Monetary Fund is as low as 1 10,000 yuan. According to the regulations of CBRC, the short-term wealth management products of banks generally start at 50,000 yuan, which is a threshold for small and medium-sized investors.

By comparison, we can see that money funds are more suitable for small and medium investors and busy investors in terms of investment efficiency and investment starting point. The bank's short-term wealth management products are better in personalized settings, which are suitable for investors with clear capital schedule and large amount of funds.