Does the money fund have any income on Saturday and Sunday?
There are advantages, but it needs to be divided into specific situations. For example, investors purchase on Friday, because most fund companies confirm their shares at T+ 1, so the funds they buy will not be confirmed until the next working day, that is, next Monday. Without share confirmation, there will be no income, so there will be no income on Saturday and Sunday; However, if investors redeem the money fund on Friday, the redemption share will not be confirmed until the next trading day, that is, next Monday. So in addition to Friday's income, you can also enjoy the income on Saturday and Sunday.
It should also be noted that the differences at different time points will also lead to different returns on Saturday and Sunday. For example, from 3 pm on Wednesday to 3 pm on Thursday, the money fund share has been determined to start making profits on Friday, Saturday and Sunday; Money funds subscribed after 3 pm on Thursday and before 3 pm on Friday will not be confirmed until the next trading day, that is, next Monday, so there is generally no income on weekends. Of course, some money funds are redeemed in real time by T+0. Once such funds are redeemed, the funds can be immediately transferred to their own accounts, and the redeemed funds can be used to buy stocks on the day of redemption.
Generally speaking, most of the money funds that get income normally calculate the income on weekends and holidays, but they will not be displayed, and will be updated after 3 pm on the first trading day after holidays, while the money funds that don't get income depend on their specific subscription time.