First of all, the money fund is an open-end fund that collects idle funds from the society, is operated by the fund manager and kept by the fund custodian. Different from other types of open-end funds, money market instruments that specialize in investing in low risks have the characteristics of high security, high liquidity, stable income and "quasi-savings".
From the security point of view, the background of several money funds cooperated by China Merchants Bank is mostly large fund companies, and the investors include large securities companies and state-owned banks, so the capital background is relatively reliable.
Judging from the rate of return, the annual rate of return of several funds is between 3% and 4%, which is good among money funds.
Therefore, on the whole, several funds of China Merchants Bank are among similar funds.
You can go to the fund channel on the website of China Merchants Bank.