When it comes to Alipay, I believe everyone knows it, and many people are using it now, which brings great convenience to people. But today we are not talking about it, but Yu'E Bao in Alipay.

Speaking of Yu'E Bao, Yu'E Bao currently only connects with more than a dozen funds, but people are still used to only using Tianhong Yu'E Bao currency. At this time, many users who have improved their investment know that some currencies made gains last year.

The profit rate has reached more than 3%, but why can’t Yu’E Bao’s income be as high as this?

This makes everyone very curious. Let us analyze it in detail. What is the reason?

Since the opening of Yu'e Bao platform in May 2018, 13 commodity bases have been introduced. Together with Tianhong Yu'e Bao, the platform currently has 14 commodity bases.

Although the scale of Tianhong's Yu'E Bao has declined after the entry of these commodity bases, the scale of the entire Yu'E Bao platform's commodity base is still "running wild".

However, judging from the latest quarterly report of the fund, the scale growth of Yu’e Bao platform has “braked” for the first time, and has begun to decline compared with the total scale at the end of the third quarter of 2018.

The total scale of Yu'E Bao platform has dropped for the first time. Since the end of 2018, the seven-day annualized return rate of monetary funds such as Yu'E Bao has begun to rebound, and the commodity-based return rate of many Yu'E Bao platforms has returned to more than 3%.

However, while the revenue rebounded, it did not bring about further growth in scale.

Judging from the latest quarterly report of the fund, at the end of the fourth quarter of 2018, the total size of the Yu’e Bao platform’s inventory dropped compared to the end of the third quarter of 2018.

It can be seen that at the end of the fourth quarter of 2018, the total size of the Yu'e Bao platform was approximately 1,921.185 billion copies, while the total size at the end of the third quarter of 2018 was 1,928.503 billion copies, a decrease of approximately 7.3 billion copies.

You know, after its opening in May 2018, the total size of the Yu'E Bao platform's cargo base has been rising, but this time it has declined for the first time.

From the current point of view, the scale of Yu'E Bao is about 1.13 trillion yuan, while it was 1.32 trillion yuan at the end of the third quarter of 2018. In other words, the scale of Yu'E Bao in the quarter is nearly 200 billion yuan less.

The reason for the small number is not only because Yu'e Bao itself continues to expand and diverts some funds, but also a very important reason is that the attractiveness of the rate of return is really average.

Now Yu'e Bao has taken the initiative to reduce the proportion of bank deposits in order to increase the yield and a higher investment proportion of repurchased bonds.

At present, bank deposits and settlement reserves have been significantly reduced to 48.61%, but for now it is still at a relatively high level. This is also an important reason why Yu'E Bao's income cannot increase, and although bonds

The investment ratio has increased, but only from 12.05% to 14.45%, which cannot be a big trend. On the contrary, the assets purchased under resale agreements have increased significantly from 27.63% to 36.72%.

It's best to let more people be curious, why is the ratio so high and it still can't be achieved by losing weight?

Now, the latest report card of Yu'e Bao has been released, and its scale has shrunk to nearly 200 billion yuan, just because the income is too low.

In addition, from the perspective of the largest Tianhong Yu'e Bao, the scale declined relatively quickly in the fourth quarter of 2018, from 1,323.212 billion units at the beginning of the period to 1,132.707 billion units at the end of the period, which is equivalent to a drop of about 190 billion units in a single quarter.

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