Money funds are a good tool for us to manage our spare money, but how to play with money funds? What is better for monetary funds to buy? I would like to give you a brief introduction today. I hope it will be helpful to you.
Is Yu'e Bao the most profitable one among money funds? Obviously not. You can check "Yu'e Bao" on Tiantian Fund website to find out the income of Yu'e Bao.
Because Ma Yun bought Tianhong Fund, Alipay naturally only sold Yu'ebao, which is not a very good money fund. However, Ma Huateng did not buy any fund company, so the money funds in WeChat Financial Connect performed very well.
Many monetary funds have a small attendant behind their names, followed by the letters "ABC". These letters have completely different meanings in different fund types. In the money base, the name with A after the name represents the type A money base, which is characterized by selling at the beginning of 1000 yuan. Class B starts at 5 million yuan. In the past, this was done to distinguish individual investors from institutional investors, so that fund managers could manage liquidity. Therefore, the yield of our ordinary investors buying Class A goods base is 0.2% - 0.3% lower than that of local tyrants buying Class B goods base. Do you remember the purpose of Rusbant when he founded the Monetary Fund? It is good to break the interest rate discrimination of banks. But today's classification of monetary funds into A and B categories has not artificially recreated new interest rate discrimination? So after the birth of Yu'e Bao, many newly established monetary funds are no longer classified into A and B. Therefore, when selecting a cargo base, we should give priority to those without AB in front of their names, so that they will not be discriminated against by interest rates.
The money base does not charge the purchase and redemption fees, but it does not mean that it helps you with voluntary labor. The traditional money base charges a fund management fee of 0.33% of the net asset value of the fund every year, which is earned by the fund company, and a fund custody fee of 0.1%, which is earned by the fund custody bank. There is also a 0.25% sales service fee, which is earned for those sales channels. However, after the emergence of Yu'e Bao, these expenses of many freight bases have been greatly reduced.
After the birth of Yu'e Bao, the purchase threshold of many bases has been reduced to 1 yuan, and the interest is settled on a daily basis, which is a good thing, but there is also a new problem that did not exist in the past, that is, your investment principal is too small, even if you invest for 100 years, you will not generate 1 cent interest.
The advanced playing method of the money base, that is, the floor money market fund, whose official name is "money ETF", is also called "floor balance treasure" by investors. Because the first floor monetary fund was born in early 2013, little attention was paid to it at the beginning. It was only a few months later when Yu'e Bao was born that it was known to more and more investors in the name of floor Yu'e Bao.
The advantage of buying gold off the market is convenient and intuitive, while the disadvantage is that the rate is relatively high, and the advanced game of arbitrage cannot be played. The opposite is true for OTC funds. ETF fund is the largest market fund. ETF fund is the lowest cost and most convenient one among all public funds. The money funds that could only be purchased and redeemed on the OTC market have become freely traded on the OTC market, which is called "money ETF". For the OTC purchase and redemption of stock funds and bond funds, a relatively high handling fee is required, while the rate of OTC ETF funds is much lower.
Size is a very important consideration for us to select monetary funds, especially ETF monetary funds. Only with large size can we have enough liquidity, and you can find a counterparty instantly when you want to sell. Today's three largest currency ETFs are: Huabao Tianyi, Yinhua Rili and wealth management fund H.
