Monetary fund is an open-end fund that collects idle social funds, is operated by fund managers and kept by fund custodians. Most of them invest in money market instruments with little risk, which have the characteristics of high security, high liquidity, stable income and "quasi-savings".
Its main advantages are high liquidity, relative safety and relatively stable income, which is higher than that of current savings.
Monetary funds mainly have two income indicators:
1, one is the daily income of 10000, which means the income of 10000 fund shares on that day;
2. The other is the 7-day annualized rate of return, which is calculated based on the 10,000 income in the last 7 days. It is a relative value, reflecting the income over a period of time. The actual income you get is calculated by the income of 10000 shares per day.
3. Seven-day annualized rate of return = the sum of the daily income of the Monetary Fund per 10,000 funds for the last seven consecutive days *360/7/ 10000= (the sum of the daily income of the Monetary Fund per 10,000 funds for the last seven consecutive days *360/700)%.