Huaan Cash Fuli Fund (040003)
Huaxia Cash Increase Fund (003003)
Bosera Cash Income Fund (050003)
China Merchants Cash Appreciation Fund (2 17004)
Galaxy Yin Fu Monetary Fund (150005)
Yin Hua Money Market Fund (currency A:180008; Currency b: 180009)
Changxin Interest Income Fund (5 19999)
Nuoan Money Market Fund (320003)
Haifutong Money Market Fund (5 10005)
E Fund for Money Market (1 10006)
Brief introduction of money market funds
1. What is a money market fund?
Money market funds refer to funds that invest in short-term securities in the money market. The assets of the Fund are mainly invested in short-term monetary instruments, such as treasury bills, commercial paper, bank time deposit certificates, government short-term bonds, corporate bonds, interbank deposits and other short-term securities.
Second, the product characteristics of money market funds
1, the principal is safe
Because most money market funds mainly invest in low-risk securities such as treasury bonds, financial bonds, central bank bills, bond repurchases and interbank deposits with a remaining maturity of less than one year, these investment types determine that the risk of money market funds is the lowest among all kinds of funds, which in fact ensures the safety of principal.
2. Strong capital flows
Liquidity is comparable to demand deposits. The fund is easy to buy and sell, with short time to receive funds and high liquidity. Generally, the funds will arrive in two or three days after redemption.
3. Higher output.
Most money market funds generally have the income level of national debt investment. Money market funds can not only invest in investment tools that ordinary institutions can invest in, such as exchange repurchase, but also enter the inter-bank bond and repurchase market and the central bank bill market for investment. Its annual net rate of return can generally reach 2%-3%, and its recent rate of return can reach 2.6%-2.7%, which is much higher than the income level of bank savings in the same period. Moreover, money market funds can avoid hidden losses and resist inflation. When inflation occurs, the real interest rate may be low or even negative. Money market funds can keep abreast of interest rate changes and inflation trends, obtain stable income, and become a tool to resist rising prices.
4. The investment cost is low.
Money market funds are generally free of handling fees, and the subscription fee, subscription fee and redemption fee are all zero, so it is very convenient for funds to enter and exit, which not only reduces the investment cost, but also ensures liquidity.
5. Dividends are tax-free
The face value of most money market funds is always 1 yuan. The income is calculated every day, and there is interest income every day. Investors enjoy compound interest, while bank deposits are only simple interest. Monthly dividends are carried forward as fund shares, and dividends are exempt from income tax.
In addition, general money market funds can also be converted with other open-end funds under the fund management company, which is efficient, flexible and low-cost. When the stock market is good, it can be converted into stock funds, and when the bond market is good, it can be converted into bond funds. When there are no good opportunities in the stock market and bond market, money market funds are a good haven for funds, and investors can seize various opportunities in the stock market, bond market and money market in time.
3. What kinds of money market funds are there at present?
At present, there are several money market funds in the market, such as Hua 'an cash income, Bosera cash income, China Merchants cash appreciation, South China cash appreciation and Huaxia cash appreciation.