What does virtual money fund mean
Monetary Fund is a kind of open-end fund which gathers idle funds, operates by fund manager and keeps funds by fund trustee. It is specially invested in money market tools with low risk. Different from other types of open-end funds, it has the characteristics of high security, high liquidity, stable income and "quasi savings"
e to the emergence of digital currency, a new type of monetary fund appears in the field of Monetary Fund virtual Monetary Fund
extended data:
characteristics
1. Principal security: most money market funds have the lowest risk among all kinds of funds, and money fund contracts generally do not guarantee the security of principal, But in fact, e to the nature of the fund, the loss of the principal of the monetary fund rarely occurs in reality. Generally speaking, monetary funds are regarded as cash equivalents
2. Strong capital flow: the liquidity is comparable to that of current deposit. Fund trading is convenient, the time for funds to arrive at the account is short, and the liquidity is very high. Generally, funds can arrive at the account within one or two days after redemption. At present, fund companies have opened the immediate redemption business of Monetary Fund, which can arrive at the account on the same day
(3) higher yield: most money market funds generally have the yield level of national debt investment. Money market funds can not only invest in exchange repo and other investment tools that can be invested by ordinary institutions, but also enter the inter-bank bond and repo market and central bank bill market for investment. Their annual net return rate is generally higher than that of fixed deposit rate in the same period Low investment cost: Generally speaking, there is no service charge for buying and selling money market funds, and the subscription fee, subscription fee and redemption fee are all zero. It is very convenient for funds to enter and leave, which not only reces the investment cost, but also ensures the liquidity. The first subscription / subscription is 1000 yuan, and the second purchase is increased by 100 yuanmonetary funds mainly invest in bonds, central bank bills, repurchase and other highly secure short-term financial procts, also known as "quasi savings procts", whose main characteristics are "worry free principal, convenient demand, regular income, daily income, monthly dividend". Monetary funds only invest in the money market, such as short-term treasury bonds, repo, central bank bills, bank deposits and so on, with little risk. Its liquidity is second only to the bank's current savings, and its income is calculated every day. Generally, the income is carried forward into fund shares in a month, and the income is slightly higher than that of a year's fixed deposit, and the interest is tax-free. The principal of monetary fund is relatively safe, and the expected annual yield is 3.9%. It is suitable for liquid investment tools and is an alternative to savings. Due to the emergence of digital currency, a new type of Monetary Fund, virtual monetary fund, has emerged in the field of Monetary Fund. It is also called digital money fund. For example: BLC digital money fund. In general, the probability of investors' profit is 99.84%; It is estimated that the rate of return is between 3.8% and 5%, which is higher than the 3.5% interest of one-year fixed deposit, and there is no interest tax; It can be redeemed at any time. Generally, the funds can arrive on the second day of application for redemption. It is very suitable for units and indivials pursuing low risk, high liquidity and stable income.
monetary fund is an open-end fund that gathers idle funds, operates by the fund manager and keeps the funds by the fund trustee. It is specialized in investing in risk-free money market tools. Different from other types of open-end funds, it has the characteristics of stable returns, high security, high liquidity and "quasi savings". The investment scope of money market fund is some varieties with high safety factor and stable income. Therefore, for many enterprises and indivials who want to avoid the risk of securities market, money market fund is a natural haven. Under normal circumstances, it can not only obtain higher income than bank deposit interest, but also ensure the safety of principal
Chinese name Monetary Fund
foreign name money fund
expression monetary fund should include digital Monetary Fund
proposer virtual Monetary Fund
date of proposal: August 23, 2015
applied discipline finance
scope of application digital monetary virtual currency
scope of application financial investment