"new members" are added to the inter-bank deposit certificate index fund. The reporter of China Bank Insurance News learned that from April 25th, China Merchants Fund and Huaxia Fund's securities investment funds with 7-day holding period of AAA index of China Securities Interbank Deposits were put on sale. The move comes less than five months after the first batch of funds were approved for listing last year. On December 1, 221, six fund managers, including Wells Fargo Fund, southern fund Fund and Penghua Fund, released the first batch of six interbank deposit receipt index funds.
the assets allocated by inter-bank deposit receipt index funds are mainly inter-bank deposit receipts. Interbank deposit certificates refer to transferable book-entry time deposit certificates issued by banking deposit financial institutions in the national interbank market with a term of less than one year. As a short-term financing tool, interbank certificates of deposit can be pledged and transferred, so it has the characteristics of good liquidity and low risk.
Chen Li, chief economist and director of research institute of Chuancai Securities, pointed out that as an effective supplement to cash management products, the issuance of inter-bank deposit receipt index funds will increase financial products with low threshold and low fluctuation for investors.
similar to the first batch of products, the second batch of interbank deposit index funds are also linked to the AAA index of CSI interbank deposit certificates. Official website, the China Securities Index, shows that the index is composed of interbank deposit certificates listed in the inter-bank market, with a maturity of less than one year and a listing time of 7 days or more. The main body rating is AAA, with good liquidity. Judging from the performance of AAA index of interbank deposit certificates, as of April 19, the index reported 129.6, with an annual income of .89%, an annualized rate of return of 2.9% in the last year and an annualized rate of return of 3.2% in the last three years.
"From the risk-return characteristics of the index, the AAA index of interbank deposit certificates has a short duration and low interest rate risk, showing a better risk-return ratio." According to China Merchants Fund, the current interbank deposit receipt index fund has a minimum holding period of at least 7 days in its operation mode. Investors usually hold it for 7 days after opening the application for redemption from the establishment of the fund, and they can choose to continue holding or selling it according to their actual situation, which is convenient for holders to flexibly allocate idle funds; At the same time, such products do not charge subscription fees, subscription fees and redemption fees, and the rate advantage is obvious.
so what kind of investors are suitable to choose such products? CICC believes that three types of investors are more suitable, that is, investors who have short-term capital appreciation needs to find spare money to manage tools; Balanced investors who have already allocated certain assets to the stock market and bond market and want to allocate some lower-risk products; Investors who carry out short-term defensive warfare and allocate low-risk and low-volatility products to cope with market shocks.