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Why do some money funds have similar annualized rate of return on the 7th, but the rate of return per 10,000 shares is much higher?
Seven-day annualized rate of return is to use the daily income of the past seven days as the average to predict the future income. The extremely high income is the actual income obtained that day, the former is the estimated value and the latter is the actual value.

Seven-day annualized rate of return is the sum of net income per 10,000 products in the past seven days, and then annualized. As an average index, the seven-day annualized rate of return can only reflect the approximate fluctuation of the past seven days. The short-term seven-day annualized rate of return of a product is extremely high, which may mean that the investment manager's operating style is more radical, and the daily income of users is often a bit like riding a roller coaster. For ordinary users, stable high income is king.

The bigger the money fund, the greater the voice in investment, and the higher the income. Some money funds use "regular products" or "self-subsidies" to express high returns, but this high return is unsustainable.

Compared with the seven-day annualized income, we should pay more attention to the net income per 10 thousand products or the total income per 10 thousand products. The daily income of10,000 copies is the actual income of the day; On the other hand, the 7-day annualized rate of return is to convert the 1 10,000 income in the past 7 days into an annualized rate of return, rather than the real rate of return every day. Investors should pay more attention to the stability of long-term performance when looking at product income.

In addition, investors should make comprehensive comparison when choosing products, including specific income, specific stability, specific purchase threshold, specific cash flexibility, specific use scenarios and other conditions. The quality of a product is actually a comprehensive competition.