The bottom layer is mainly urban investment bonds, which are net worth products. The annualized income after handling fee is between 5% and 7% according to different periods, and the maximum withdrawal of products is negative 0.02% of the initial cost. The product may have excess income, which is 20 to 30bp higher than the performance benchmark. At present, the overall scale is around 3 billion, and the cumulative scale exceeds 4 billion.
The bottom of cash management products are all bonds, not the traditional pool of funds, and cannot be confused. Many people have a little knowledge of Zhihu, but they don't fully understand it, so it is easy to mislead people.