According to the interim regulations, the investment scope of China's monetary funds includes: bank time deposits and large deposit certificates within one year (including one year); Bonds with a remaining maturity of less than 397 days (inclusive); Bond repurchase with a term of less than one year (including one year); Central bank bills with a term of less than one year (inclusive); Other money market instruments with good liquidity recognized by China Securities Regulatory Commission and China People's Bank.
Characteristics of money market funds: 1. The main difference between money market funds and other funds that invest in stocks is that the net asset value of the fund unit is fixed, which is always 1 yuan. For example, if an investor invests 1000 yuan in a monetary fund, he can own 1000 fund shares. After 1 year, if the return on investment is 4%, the investor will have 40 more fund units, totaling *** 1040, with a value of 1040 yuan. The fund reinvests in dividends, which makes the income accumulate continuously and increases the fund share owned by investors. 2. Good fluidity and high safety. Investors can redeem the fund shares at any time as needed, regardless of the date. 3. Low risk. Money market instruments usually have a short term and a dull portfolio.
Generally, the term is 4 to 6 months, so the risk is low, and its yield is usually only affected by the market interest rate, which has nothing to do with the rise and fall of the stock market and bond market.
4. The investment cost is low. Money market funds do not charge subscription and redemption fees, and their management fees are also low.
3. Income of money market funds: It can be clearly said that there is no risk of principal loss in money market funds. It's just a question of the rate of return. There are two indicators reflecting the rate of return of money market funds: one is the annualized rate of return on the 7 th; The second is the income per 10,000 fund units. The 7-day annualized rate of return is the average income of the first 7 days (including the day) multiplied by the number of days in a year equivalent to the annual rate of return, which is the most intuitive indicator to reflect the performance of the fund and easy to compare with the savings income. But that's only the fund's profit level in the past seven days, and it doesn't represent the future income level. When examining this index, we can't ignore the concern about the fluctuation of return rate, because it reflects whether the future return expectation of the fund is stable. The income per 10,000 fund shares refers to the data that the income from the daily operation of the money fund is evenly distributed to each share, and then calculated and compared with 654.38+00,000 shares as the standard. The higher this indicator is, the higher the actual income investors get. Although the bank's time deposits have a fixed rate of return, they are not liquid enough. Once the deposit needs money before maturity, the interest can only be calculated according to the demand deposit. Money market funds have higher liquidity and higher returns. You can redeem it at any time, usually the day after redemption, or at the latest. Moreover, bank demand deposits compound interest every year, and money market funds compound interest every day. For example, if you have 1 10,000 money funds, the net income of each 1 10,000 fund today is 0.8000 yuan, that is, your income today is 0.8000 yuan, and tomorrow's income is calculated by the principal 10000.80 yuan. Monetary fund income is generally carried forward on a monthly basis. At the time of redemption, the proceeds not carried forward shall be redeemed together.
. Judging from the situation of the money fund market in the first half of 20 13, the 7-day annualized rate of return of many products exceeded the 1 year fixed deposit rate, and even more products exceeded the half-year fixed deposit rate. If the current bank interest rate is 0.35%, then the money fund will easily win.
Some money funds are divided into Class A and Class B. The subscription starting point of Class A is 1 10,000 yuan, and Class B is much higher, at least 5 million yuan, of which Class A money fund of southern fund Company is 1 10,000 yuan. Obviously, although the rate of return of Class B is higher than that of Class A, most individual investors cannot enter it, and it is just a paradise for institutional investors.
After long-term investigation, analysis and comparison, the editor suggested choosing the monetary funds under the fund companies such as Nanfang, Bosera, Huaxia, Jiashi and Wanjia.
Rate of return since its establishment (as of 20 13-05-09):
Huaxia cash increase 1.36%, ten thousand goods increase 1.34%, Tianzhi Li Tiande currency increase 1.32%.
A 1.33% Cathay Pacific Currency 1.30% in South China's cash increase currency.
Harvest currency A 1.30% guangfa currency A 1.28% boss cash income currency 1.27%.