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What's the difference between living money and managing money?
Alipay Live Money Management and Yu are both money funds, but the difference is that Yu chooses ten funds for investment, while current wealth management can only choose one fund.

Yu:

Nominally, there is only 10 money fund, and investors put their funds in Bao Li, which is equivalent to spreading the funds equally in this 10 fund, and each fund has 1 10,000 yuan. If the amount is large, the remaining funds will be evenly distributed to this 10 fund.

After the upgrade, Yu will be transferred out quickly, with a daily quota of 654.38+10,000 yuan, and the preferential type will have funds worth 2 million yuan. After the quota is used up, you can choose to receive ordinary funds, which usually arrive in 2-3 trading days.

Management of living funds:

Only one fund can be selected, which is a money fund product and mainly invests in short-term monetary instruments, with a general term of less than 1 year and an average term of 120 days, such as government bonds, central bank bills, commercial bills, bank time deposit certificates, short-term government bonds, corporate bonds and interbank deposits. Its characteristics are: low risk, stable income and high liquidity. The money fund in living money management is an optimized money fund with excellent historical performance. Users can buy different money fund products according to their own preferences every time they buy.

Current wealth management and Yu Bao Li's funds are frozen in Yu 'ebao, and they cannot be consumed without redemption.