A new generation of currency funds that arrive at T+0.5! In the era of cash is king, currency funds
have become the sexiest investment again
. Don't ask for much, just ask for refinement.
Today's pictures丨Margaret's works, the words of the
circle owner
Monetary funds have been very happy recently, as if everything has returned to the second half of 2014 to the first half of 2015.
Especially in the past two months, the 7-day annualized rate of return of more than 100 currency funds has been above 4%. This means that if you buy 1 million currency funds, the actual income per day is about 100 yuan, or more than 3,000 yuan a month. The degree of sourness is probably very close to bank wealth management products, but the liquidity of currency funds is obviously much better, and they can be bought and redeemed at any time.
Of course, this is nothing. Huatai Baoxing has recently launched a super-high-speed account service. While retaining the T-day income, the redemption funds can be received half a day in advance!
Are you cash king?
Since April, the market has stepped out of unprecedented extreme market conditions. On the one hand, a few big white horses such as Kweichow Moutai, Hikvision, Midea Group and Gree Electric have repeatedly hit new highs, out of the so-called "Nice 50" market. On the other side is the general downturn in the whole market except the above. More than half of the stocks fell below the low point when the circuit breaker in early 2016, and the ChiNext once again hit a new low in more than two years.
Many investors have found that the beautiful rise in the front has nothing to do with them, and the general decline in the back is closely related to them. In the past month or so, the account shrinkage is even more serious than when the circuit breaker.
Jiang Chao, Chief Economist of Haitong Securities, said more than a month ago that you should be careful when investing in stocks and buying houses this year. Cash is the best!
Jiang Chao said that because the macro economy has recovered since the second half of 2016, it is still a familiar formula and a familiar taste. It is mainly driven by infrastructure and real estate. Real estate mainly relies on loans, but this year, the policy has changed a lot. It was the central bank that began to tighten the currency, and the decline in the past month or so was largely induced by the ongoing "financial deleveraging".
Reverse repurchase starlight is also dim
It should be pointed out that in the past, many investors liked to participate in reverse repurchase to earn income. However, with the implementation of the new regulations on reverse repurchase of treasury bonds on the Shanghai and Shenzhen Stock Exchanges on May 22, the interest-bearing days of reverse repurchase were changed from the nominal number of days of the repurchase period to the actual number of days occupied by funds, as on March 30 this year. A yield of more than 30% can basically only become history.
The advantage of reverse repurchase is no longer, and the most convenient and high-yield cash management tool left to investors is currency funds.
Only currency funds have the best returns
Since April, stocks, bonds and commodities have generally fallen, and only currency assets have the best yields!
Monetary funds, which are cash management tools, basically perform as a top performer.
Judging from the annualized rate of return on the 7th, it was only about 2.3% in early October last year, and has generally exceeded 4% recently. This is also since it fell below 4% in mid-2015, and the return of money funds has returned to more than 4% again.
Standing at the current point in time, the general opinion of industry leaders is that financial deleveraging has not yet been completed, monetary policy continues to remain neutral, and overseas interest rates are expected to rise in the United States. It is still the best configuration direction at present.
For the first time in the industry, T+0.5 arrived!
Among the many money funds in the market, how to choose is also a problem.
Many people know that the rate of return is slightly different, but the speed of arrival is also a super important consideration. For example, Huatai Baoxing’s flash redemption is very meaningful for institutional funds or high-net-worth investors.
Huatai Baoxing Money Market Fund B, a money market fund under Huatai Baoxing Fund, is a monetary fund launched by an insurance fund company. Back can provide T+0.5 to the account service. This innovation is also known in the industry as the third micro-innovation in the fund industry to improve the efficiency of money fund arrivals after the T+0 fast redemption of OTC goods-based funds and the T+0 reversal of on-exchange goods-based funds.
Specifically, investors who meet the requirements submit an ordinary redemption application for Class B shares of monetary funds at the fund manager's direct sales counter before 10:00 on T day, and the redemption money can be credited to the account before 13:00 on T+1 day. , and the funds received are available on T+1 day, which is half a day earlier than the common arrival time in the industry.
It should be noted that this service is currently only applicable to the direct sales channel of Huatai Baoxing Fund over the counter, with a minimum of 1 million Class B shares of currency funds. Ideal for institutional and high net worth investors.
As we all know, in the field of fixed income investment, interest-raising assets often calculate interest on a daily basis. One day early to account, one day earlier to get interest. Even if the funds arrive in the account a few hours earlier, there will be obvious differences: if the funds arrive before 15:00 on the trading day, you can participate in the securities market transactions on that day; if the funds arrive before 16:00 on the working day, you can participate Inter-bank market transactions on the day; if the funds arrive after 16:00, you can only get the current deposit interest on the day.
There is no doubt that the T+0.5 arrival service, the redemption money can arrive before 13:00, not only can participate in various transactions in the exchange and inter-bank market, but also can withdraw cash to pay for the product due, which is very suitable For investors with strict capital time requirements.
Of course, it should be pointed out that, according to the "Fund Contract", if the general redemption business of monetary funds triggers the mandatory redemption fee clause or encounters a huge redemption, special business rules will be applied, and this service is no exception. Follow the relevant provisions of the fund contract.