In 20 13, Ant Financial launched Yu 'ebao. At that time, the annualized rate of return of Yu 'ebao reached 7%, which can be said to be very impressive and attracted a large number of users' investment. But as of today (20 18.8. 19), the seven-day annualized rate of return of Yu' ebao is only about 3.28%, less than half of the original. The main reasons for this situation are as follows:
1. Increase in cash ratio
For any fund, it is necessary to pay attention to risks in the operation process. Including Yu 'ebao, a low-risk money fund, it needs to maintain a certain cash flow to ensure the normal redemption of users. At the same time, it is also a major measure to reduce risks. Therefore, Yu 'ebao has increased the proportion of cash. According to related news, since the first quarter of this year, the cash ratio of Yu 'ebao has increased from 56% to 6 1%.
After the cash ratio increases, the funds invested in the money market will decrease accordingly. And the overall income of the money fund will also be reduced. Therefore, this is an important reason for the decline in the income of Yu' ebao.
2. Reduce the scale of funds
Since the launch of Yu 'ebao, the scale has been expanding and a large amount of funds have poured in. In the process of rapid growth, Yu 'ebao has had a great impact on the bank's business. At the same time, the central bank's restrictions on Yu 'ebao are also increasing. For example, the quota was adjusted from the original 6,543,800+0,000 to 250,000, and then reduced from the original 250,000 to the limited 6,543,800+0,000.
However, it is such a restriction. The fund scale of Yu 'ebao is still very large. In order to slow down the growth of funds, Yu 'ebao strives to find a balance between banks. Reduce the scale of funds by reducing their own income. Avoid a large influx of funds and ensure the normal business of banks.
3. Transfer of funds
Yu 'ebao started with only one Tian Hong fund, and later docked five. In August, Yu 'ebao's fund has increased to eight. Therefore, when Yu 'ebao diverts funds, the user's income also needs to be calculated. This income can only be divided equally from the original fund. Because the newly docked funds cannot generate income immediately due to different trading rules.
Therefore, another reason for the decline in Yu 'ebao's income is the problem of capital diversion. It is believed that this effect is only temporary for the income of Yu 'ebao, and its income will return to a reasonable range after the diversion is completed.
4. The fund's own income decreases.
Recently, due to the grim situation. The Turkish lira collapsed and the Argentine peso plummeted. The money market is facing a major test. Therefore, it is understandable that the income of the money fund itself is reduced. As an investment of money fund, the income of Yu 'ebao will inevitably decrease.
To sum up, the above is the reason for the decline in Yu 'ebao's income. I will summarize it for you. I hope it can help investors. I also hope that when you make investments, you should not be limited to Yu 'ebao. You can make your own funds more dispersed and minimize risks.