The so-called seven-day annualized rate of return is the average income level of the money fund in the last seven days, which is obtained after annualization.
For example, the annualized rate of return of a monetary fund is 2% on the same day, and assuming that the income of the monetary fund in the next year can remain unchanged at the level of the previous seven days, then you can get 2% of the overall income if you hold it for one year. Of course, the daily income of the money fund will constantly change with the operation of the fund manager and the fluctuation of the money market interest rate, so it is unlikely that the fund income will remain unchanged for one year in actual operation.
Therefore, the seven-day annualized rate of return can only be regarded as a short-term indicator, which can roughly refer to the recent income level, but it cannot fully represent the actual annual income of this fund.
At present, the average annualized rate of return of domestic monetary funds is around 5%, while the benchmark interest rate of one-year time deposits is 3.3%. As a cash management tool with excellent liquidity and safety, money fund is still an ideal substitute for short-term savings.
The establishment of this index is mainly to provide investors with more intuitive data for investors to refer to when comparing the income of money funds with other investment products. In this indicator, the rate of return in the last seven days is determined by seven variables, so the same income in the last seven days does not mean that the net income per 10,000 fund shares in the seven times used for calculation is exactly the same.
Seven-day annualized rate of return is the annual rate of return converted from the net income per 10,000 fund shares of the Monetary Fund in the past seven days. From the perspective of specific products, although it is only the annualized rate of return of seven days, the data exceeding 20% is still rare. In the above statistics, Harvest Margin Finance B leads all the above funds with a yield of 2 1.35%, followed by its "twin brother"-Harvest Margin Finance A, with a yield of 20.62% in the same period. At the same time, the yields of E Fund Margin B and E Fund Margin A are also outstanding, which are 14.85% and 14.22% respectively.
Including the above four funds, roughly speaking, at present, 60 funds have a yield of more than 5%, and those with a yield of more than 6% have reached 19. Among them, the 7-day annualized rate of return of Southern Cash Connect A reached 6.49 1%, while Southern Cash Connect B and C were 6.526% and 6.56 1% respectively, leading similar products. As of June 20th, since the establishment of Xingquan Tianlibao, the average annualized rate of return on the 7th was 5.73%, and the income per 10,000 shares in the interval was 162.27 yuan. More importantly, shopkeepers and wallet investors can easily invest in various wealth management products, including bank wealth management products with a yield as high as 6%, by docking the wealth management entrance of the "big money shopkeeper".
Under different income carry-over methods, the calculation formula of seven-day annualized rate of return should also be different. At present, there are two ways to carry forward money market funds:
First, "daily dividends are carried forward on a monthly basis", which is equivalent to daily simple interest and monthly compound interest.
The second is "daily dividend, carried forward by the day", which is equivalent to daily compound interest.
The simple interest calculation formula is: (∑Ri/7)×365/ 10000 × 100%.
The compound interest formula is: (∑Ri/ 10000 copies) 365/7× 100%.
Among them, Ri is the earnings per 10,000 shares on the latest I-th Gregorian calendar day (I = 1, 2...7).
The seven-day annual rate of return of the Fund is rounded to three decimal places.
The regulatory authorities in some countries have strict formulas for calculating the seven-day annualized interest rate: if the value of a monetary fund before the first day of trading is A, the value after the seventh day of trading is B, and the fee for these seven days is C (sometimes, for example, Yu 'ebao, according to the situation of 20 14/3/ 15, C=0).
The calculation formula of annualized income for seven days is (B-A-C)/A/7*365* 100%.
For example, the value of a money fund before opening on March 7th is 100 yuan (that is, A = 100) and after closing on March 7th is10/yuan (that is, b =10/). Then the seven-day annualized interest rate of this fund is (101-kloc-0/00-0)/100/7 * 365 *100%.
As an insider, you must know the calculation method of seven-day annualized rate of return, and whether there are risks and time stability under high returns. As mass financiers, they usually buy financial products recommended by professional financial managers, but since financial management is not always guaranteed, knowing this truth will help the growth of wealth. As far as the current market is concerned, the ultra-high income is only a temporary phenomenon, but it will continue in the short term.