If you like to do financial management through Alipay, or use Alipay, you must have seen the wealth management product Jianxin Huoqian, which can be used as a changing tool like a money fund to flexibly apply for redemption, with a yield of more than 3%. What kind of product is this?

What is a new job?

CCB Live Money is a fund portfolio designed by CCB Fund Management Co., Ltd., which is based on money funds and selects some high-quality bond funds in the market to build a fund portfolio. On the basis of risk control, the position and investment ratio are adjusted in time according to the market environment in order to obtain stable income.

What is a mutual fund?

Fund portfolio is to use the concept of diversification, put eggs in baskets, choose a basket of funds under the premise of determining investment strategy, and disperse the funds invested in a fund into a basket of funds to achieve the purpose of balancing and diversifying risks and obtaining stable income. The whole fund portfolio is also equivalent to a fund. When buying, it is equivalent to buying a basket of funds at one time. The settlement rules are the same as ordinary funds, which support flexible subscription and redemption and have no fixed holding period. After selling, the arrival time of funds is determined by the last fund in the portfolio, which is the same as the arrival time of the last fund.

How much is the handling fee for the combined fund?

The handling fee of a fund portfolio is determined by the handling fee of a basket of funds, that is to say, when buying this portfolio fund, only the buying fee normally charged when buying a single fund is charged, and when selling the portfolio, only the selling fee normally charged when selling a single fund is charged, and the fund portfolio does not charge any fees. Therefore, the charging standard for you to buy a fund portfolio is the same as that for you to build a fund portfolio.

What are the trading rules of mutual funds?

When buying a portfolio fund, the allocation of each fund is fixed, and investors cannot adjust it independently. If one fund in the portfolio is suspended from subscription, the whole portfolio can't be bought. When buying, you buy a basket of funds, and when selling, you can support selling a single fund, but this operation will lead to the deviation of portfolio positions. Need to choose carefully. In the face of market changes, managers will adjust their positions appropriately and hold funds. Investors can choose to follow suit or stay the same. Different from a single fund, the dividend distribution method of each fund in the portfolio of a combined fund is generally cash dividend.