Is short-term asset management a choice of bank asset management products or funds? What is the difference between short-term asset management funds and asset management products of open banks? After the ultra-short-term bank asset management products were stopped by the CBRC, the open/rolling bank asset management products were welcomed by investors, and the rise of short-term asset management funds last year directly threatened the "cake" of the bank asset management market. Then, what are the differences and similarities between short-term asset management funds and open bank asset management products?

From the time of open subscription and repurchase, most short-term asset management funds can buy every trading day, which is consistent with traditional funds, but investors must buy back after the operation period stipulated by the fund. In addition, a few such funds fully refer to the traditional practice of bank asset management products, and open subscription and repurchase a few days before and after the fund operation period, and do not accept subscription and repurchase during the operation period. Banks generally adopt the following practices: products exist in the form of automatic rolling, and investors are not allowed to buy or redeem them in each rolling investment period.

From the investment threshold, the minimum starting point for purchasing bank asset management products is 50,000 yuan, and some products are higher. Short-term asset management funds can participate in 1 10,000 yuan. Therefore, short-term asset management funds are suitable for investors with low investment.

From the perspective of profit performance, the biggest difference between the two is the expected rate of return. Investors who invest in asset management products of banks can know the expected rate of return of products announced by banks in advance before buying products. According to past experience, bank asset management products mostly invest in low-risk varieties such as bonds and money market instruments, so it is very likely that the expected rate of return will be overdue. Open asset management products also continue this fine tradition. Investors can get the expected rate of return before buying products, but this rate of return may be adjusted according to the market interest rate level, the degree of capital shortage, the product development strategy of commercial banks and other factors, so the rate of return between the two rolling investment periods may be different. The yield of short-term asset management funds can not be predicted correctly after the interest rate dropped directly last year, and its correct return will only appear after the actual investment and operation of the funds. Therefore, even if such funds announce the expected rate of return, investors can only refer to this rate of return.

In addition, the fund calculates income every day, and the rate of return may change greatly, and the stability of income is not as good as that of bank wealth management products.