There are currently 370 money funds. The carry-over date query website is: /HBJJ_jzr.html. Currently, money market funds can choose between "daily carry-over" and "monthly carry-over" for share carry-over.

It can be calculated and proved that there are differences in the processing results of the two different carryover methods on the "net income per 10,000 funds" and "7-day annualized return" announced by money market funds.

First, the daily carryover rate of return adopts a geometric average to annualize the rate of return, while the monthly carryover rate of return tends to be a simple average and is annualized. If the net income of every 10,000 funds is the same, the daily carryover rate of return is the same.

The rate of return is greater than the monthly carryover rate of return; Secondly, under the same circumstances with the same shares and the same increase in daily net value, the net income per 10,000 funds calculated on a monthly carryover basis is greater than the net income per 10,000 funds calculated on a daily carryover basis.

net income.

Correspondingly, changes in the net income per 10,000 funds calculated on a daily basis and the 7-day annualized rate of return are relatively flat, while the two indicators calculated on a monthly basis will be stable in the middle of the month and across months.

Large fluctuations may occur.

The actual result is in favor of "monthly carryover". In actual operation, although the carryover methods adopted by each fund are different, their respective shares and income are also different, and there may be differences between the two smoothing methods of the fund.

However, certain operations are required, so the difference between the calculation results of the two methods in practice is not as obvious as the theoretical calculation.