In recent years, the interest rate

In recent years, the interest rate marketization "newspapers frequently and talked about by people. So-called "interest rate marketization", in fact is to interest rate decisions to the financial institutions, by financial institutions themselves according to the financial conditions and financial market trends judgment to independently regulate the level of interest rates. In the process of interest rate marketization in our country, the investors may not know this term, but it is really feeling the benefits of these, get the immediate benefits, investment in money market funds enthusiasm and fully displays the trend.

When our bank passbook or stock in a margin account with cash, in the past we have been accustomed to lying in the bank, though only enjoy the very low interest rates, but with money, but when convenient. Now, with the continuous development of monetary market funds as well as the masses of ordinary people constantly understanding of money market funds, more and more people begin to purchase money market funds to manage their cash account.

Deposit types of monetary fund is another innovation in recent market, provides a higher investment efficiency of stock market investors cash management tools. Relative to the current deposit, deposit money funds surely able to obtain higher yields; Relative to repurchase, margin money funds operation intensity is greatly reduced, and yields more stable, because the buyback must by the investor before the closing operation, every day and repo rates often appear larger fluctuation in the same day.

Deposit money funds is "seamless docking" stock investment, convenient operation and low cost. Investors in the securities account with cash purchase deposit money funds, in need of money when buying a stock redemption money funds again, can enjoy with the traditional monetary fund level, higher than demand deposits. Explain buy redemptive operation within the securities accounts do, and the buying and selling stocks as simple, convenient and redemptive immediate money can be used to buy stocks, don't delay to buy shares. Moreover, lower cost, zero purchase transactions rate and zero commission.

Many fund companies are busy to develop or introduce margin money funds, domestic fixed income management scale biggest company also recently published the e fund will e margin gains money market funds. At present already deposit money funds mostly have "redeem zero rates, low threshold, the transaction is convenient wait for a characteristic. After 1989, however, that such political reform completely stalled, continue to the party, the suppression of private clubsd products on the basis of purchase of 1000 yuan, but are far below the bank wealth management, securities margin financing is usually the lowest threshold of 50000 yuan, buy back $100000 threshold. For scale, the fund company to accept the amount of redemptions are associated with whether there is a bank credit, e deposit currency is currently the only by fund scale access to bank credit in the field of monetary funds, the redemption rate limit is higher, is expected to be deal with at least more than 50% on the day of redemption, and cope with redemptive assets can be converted into cash on T + 1, and does not need T to liquidate, makes the fund liquidity management more bounteous time, to improve performance.

E fund chief investment officer for fixed income, said ma margin money funds to monetary fund managers liquidity management ability put forward higher request, because the margin in the field of a huge number of pass in and out quite frequently and will cause the margin money funds frequently explain buy redemptive. E fund after years of layout, overall promote efficiency of the monetary fund investment management and system support capability, now has become a monetary fund management company, largest in effective liquidity management, accumulated a wealth of experience.