7-day annualized rate of return 1.6 1% means that the annualized rate of return of a monetary fund in the last 7 days is 1.6 1%. The 7-day annualized rate of return of the money fund is to convert the 7-day extremely high income from the past rate of return into an annualized rate of return, not the real rate of return every day. This can only be used as a short-term reference indicator, and the subsequent rate of return may change.

For example, the fund amount is 10000 yuan, the annualized interest rate on the 7th day is 1.6 1%, and the algorithm is10000 *1.61%=1%. That is to say, according to the annualized rate of return 1.6 1% in the last seven days, 10000 yuan can earn 16 1 yuan a year. Of course, this 7-day annualized rate of return is only the rate of return in the last 7 days, which may change at any time, so the final income cannot be determined.

When investing in money funds, users should choose to buy on consecutive fund trading days. Generally, before the first trading day 15, the share will be confirmed on the second trading day, so that the income can be obtained on the third day (which may be a non-trading day). The income of the money fund is paid every day, and the income obtained continues to enjoy the income.

The money fund does not guarantee the safety of the principal when investing, but the risk it faces when investing is extremely low, and the probability of loss can be ignored, which is a stable investment product. The funds raised are mainly invested in government bonds, commercial paper, bank certificates of deposit and high-grade corporate bonds.

Different fund companies have launched money funds, and users can compare their investments and then choose the one that suits them. In fact, there are many types of funds. You can choose the types of funds according to your risk-taking ability. The common types of funds are hybrid funds, bond funds, index funds and stock funds.