The investment scope is different. The investment scope of the money fund is bank deposits and short-term bonds. The investment scope of fixed-term wealth management products includes bank deposits, cash, certificates of deposit, bond repurchase, short-term financing bills, government bonds, central bank bills, financial bonds, medium-term bills, corporate bonds and other fixed-income financial instruments permitted by China Securities Regulatory Commission.
The investment ratio is different. The CSRC stipulates that the proportion of money funds investing in credit bonds cannot exceed 40% of the net value, but there is no such provision for regular wealth management products.
Example of regular financial management: Minsheng Bank Plus Financial Management Monthly Portfolio 20 15 in the second quarter.
Example of money fund: Huaxia Fund Fortune 20 15 portfolio in the second quarter.
Risks and benefits are different. As can be seen from the above figure, the bond investment ratio of regular wealth management products is higher than that of money funds, and the risk of investing in bonds is higher than that of bank deposits. In extreme cases, losses may occur, so the investment risk of regular financial management is also higher than that of money funds. Corresponding to higher risks, regular wealth management products may get higher returns.
Product duration and liquidity are different. Investors can buy Licaitong Monetary Fund indefinitely and redeem it at any time; The term of wealth management products is only one month or two months, and cannot be redeemed in advance.
How to choose monetary fund and regular financial management depends on investors' own situation. While pursuing high returns, you can choose regular wealth management products, and you can choose money funds when you have great requirements for liquidity. According to the characteristics of these two products, financial analysts of Rong 360 suggest that investors can also diversify their investments, using part of idle funds to buy regular wealth management products to obtain high returns, and part of them to buy money funds for emergencies.