Investment targets of monetary funds: such as treasury bonds, central bank bills, commercial bills, bank time deposit certificates, short-term treasury bonds, corporate bonds (with high credit rating), interbank deposits and other short-term securities.

Advantages: capital preservation, stability, flexibility and hedging. When the stock market or bond market can't arbitrage, the income of the money fund will be greatly improved. At present, many funds have launched the T+0 monetary fund redemption method, which is equivalent to grabbing the savings deposit market with banks.

Disadvantages: low income, complicated management, frequent capital in and out, which has a serious impact on net worth.