What is the difference between bank wealth management products and money market funds?

China Merchants Bank) China Merchants Bank Wealth Management Products PurchaseAccording to your own investment preferences, risk tolerance, capital liquidity, etc., you can enter the homepage of China Merchants Bank, click "Wealth Management Products" - "Personal Financial Management Products" - "Search" to classify the product information you need.

To choose the right one, you must first set your own investment objectives and investment horizon, assess your risk tolerance, and determine whether you are a conservative, prudent or aggressive investor; Secondly, carefully and comprehensively assess a number of indicators, such as the performance of income over the years, the ability and quality of managers and researchers, the risk control means and investment style of the management company, etc., and choose excellent varieties that are suitable for their own risk appetite for investment; Finally, keep track of what you've invested in** and adjust your financial portfolio based on its performance, your funding position, and your income goals.

The difference between wealth management products and **.

Bank management bai financial du

According to the requirements of the new regulations on asset management, financial management.

None of the products can be promised.

DAO guaranteed principal and interest, including bank wealth management products. While.

It does not mean that the wealth management product has a great "risk", nor does it mean that the bank wealth management is unreliable or the risk is "big", mainly depending on the risk level of the asset subject invested behind the product. Under normal circumstances, early redemption is not possible.

Currency**:Yields have fallen below and security and liquidity are relatively high. According to regulatory regulations, the daily "quick redemption" limit of a single currency** is 10,000 yuan, that is, redemptions within 10,000 yuan can be received in real time.

With the rate of return of money and the limit of 10,000 yuan quick redemption amount, it is suitable for small capital allocation.

Bank Deposits:Enjoy deposit insurance protection (according to the "Deposit Insurance Law": an individual can enjoy 100% compensation within 500,000 yuan for ordinary deposits in a single bank).

You can pay attention to the smart deposit products of small and medium-sized banks, the "interest rate" is about 4%, which has the advantages of high liquidity (can be withdrawn in advance) and the interest rate is higher than that of general time deposits.

1. The purchase threshold is different.

Currency** can be said to be zero threshold, most of them are purchased from 1 cent or 1 yuan, and everyone can buy it. The purchase threshold for bank lending has been lowered to 10,000 yuan, giving many people who want to lend to banks a new opportunity.

2. The trading mechanism is different.

Currency ** is a T+1 trading mechanism, ** after the earliest to calculate the next day, such as evenings, weekends, holidays, etc., the interest rate will be later. If you redeem it, it will arrive on the same day within 10,000 yuan, and more than 10,000 yuan will not arrive until the next morning at the earliest, and it will be even later on weekends and holidays. If the bank lends it to buy on a working day, it often earns interest on the same day, and if it is redeemed, the funds can arrive on the same day, and if it is redeemed during non-working hours or non-working days, it also supports a certain amount of quick redemption.

Better liquidity. From the point of view of interest calculation method and fund redemption time, bank lending has greater advantages.

3. Security is different.

Neither currency** nor bank lending is principal-protected, but from the perspective of security, currency** is safer. On many lending platforms, we can see that the currency is classified as "low risk", and the risk level of bank lending is divided into 1-5 levels, at present, there are no cases of loss of bank lending 2 and 3 products, especially the bank T+0 lending method, which can be redeemed at any time, and can be redeemed at any time.

4. The rate of return is different.

The overall rate of return of bank lending is higher than that of currency**, and the rate of return of bank lending refers to mostly closed-end products, and the yield of T+0 open-end products is significantly lower than that of closed-end products. Since open-end products have to meet the borrower's withdrawal needs at any time, they have relatively high cash flow requirements, and can only lend some short-term or liquid assets, and the yield of these assets is naturally lower. The average rate of return of currency** and bank T+0 lending should be about the same, which one is higher, depending on the specific product.

5. The purchase and redemption limits are different.

There is no limit on most currencies**, but the card limits are placed on a per-platform basis. There is a minimum amount for the bank to lend and purchase, that is, from 10,000 yuan, but because it is the bank's bank card to buy the bank's wealth management, there is no upper limit, or the upper limit is very high, which is equivalent to buying as much as you want. In terms of redemption, the maximum withdrawal of currency** on the same day is 10,000 yuan, and bank lending supports large-scale redemption, and the working hours on working days are generally not limited.

The money market** is mainly invested in short-term bonds, central bank bills, bond repurchases, etc., which is roughly the same as the investment scope of banks' RMB wealth management products. The differences between the two are mainly focused on security, yield, liquidity, flexibility, purchase point, etc., from the current situation, the money market is better than bank wealth management products. First of all, from a security point of view, the currency** is stronger.

As a product, the money market is protected by both the Trust Law and the Law, and the assets must be held in custody in a bank with custody qualifications, and its account establishment and operation are strictly independent of the manager and custodian, ensuring the safety and independence of the assets. At the same time, the China Securities Regulatory Commission has issued special regulations for the management of the money market, which has clear rules and restrictions on the investment scope and term structure of the money market, and has strict requirements for information disclosure. Therefore, compared with the current wealth management products issued by banks, the operation of the money market** is relatively more transparent, and the mechanism and measures for risk monitoring are more strict and complete.

Secondly, from the perspective of yield, there is not much difference between the two. The rate of return of bank wealth management products is relatively fixed, such as the annualized rate of return of bank wealth management products from half a year is about 4%-5%. Taking the first half of the year as an example, the yield of Xincheng currency class B, which is the first in the share of currency B, is the yield in the first half of this year, and the annualized rate of return is about, which is about the same.

However, one of the advantages of currency is that dividends are not only exempt from interest tax for individual investors, but also for enterprises to be exempt from income tax according to regulations.

Third, from the perspective of liquidity, the currency** is higher. Compared with RMB wealth management products, which have a lock-in requirement for a period of time, the liquidity of the money market** has a very prominent advantage. The money market** can be subscribed and redeemed at any time without any handling fees, and the funds will generally arrive within two days after the redemption application is made.

Fourth, in terms of flexibility, the currency** is greater. There is no other product available for conversion between RMB wealth management products, and there is no room for conversion even if the same product has different tenors. The money market can be converted to other types of products under the same company, so that investors can capture opportunities in the capital market in a timely and convenient manner while investing in the money market.

Finally, from the point of view, the currency** is lower. The starting point for the purchase of RMB wealth management plans is mostly more than 50,000 yuan, and the investment starting point is relatively high. The subscription starting point of the money market** is mostly about 1,000 yuan, and there is no subscription, subscription fee, and no redemption fee.

**What is the difference between wealth management and financial management?

1. The scope of investment targets is different.

Broadly speaking, ** belongs to one of the financial management methods, and the investment tools in the investment market: **, **, **, etc. all belong to the category of financial management.

2. The benefits are different from the risks.

The investment direction of wealth management is very wide, and the risk is determined by the nature of the product itself, from low-risk fixed-income products to medium-high risk **options**, etc., the risk is proportional to the return.

3. The pricing method is different.

**The net value is calculated once a day, and the net value is updated once a day, and the valuation method of wealth management products is also different according to different investment methods. Such as: general bank wealth management:

With the expected rate of return, the expected rate of return fluctuates according to the expected rate of return, and the product generally has a closed period, with interest payment at maturity or regular interest payment; Options, etc.** fluctuate in real time during the opening of the market.

4. The liquidity is different.

**Flexible subscription and redemption on the open day, will not change due to the amount of net value of **subscription and redemption; Some wealth management products can be bought and sold at any time to earn the difference, such as foreign exchange, etc.; Some need to be bought and sold within the time limit and are generally not redeemable.

In the case of China Merchants Bank, the difference between consignment sales** and entrusted wealth management is as follows:

Subscription threshold: **The purchase starting point is generally about 1,000 yuan, while the purchase threshold of entrusted wealth management is generally 50,000 yuan or more;

Liquidity: ** has strong liquidity and can generally be redeemed at any time (some are closed management and cannot be redeemed at any time), while entrusted wealth management generally has a fixed term in addition to specific products and can only be redeemed at maturity;

Risk: Most of the ** principal risk is higher than that of entrusted wealth management;

Income: **managed and operated by **company, and the net value is announced every trading day; The entrusted wealth management is managed and operated by China Merchants Bank, and the rate of return is announced by the bank;

Handling fee: most** charge subscription and redemption fees; Except for specific products, most trustees do not have subscription and redemption fees.

Watch Dog Fortune has you covered.

The differences between bank wealth management products and ** are as follows:

First, the main body of operation is different.

This is a very important point for wealth management products, simply put, the main operator is the real operator or team behind the bank's wealth management products or **.

Second, the difference in supervision.

Assets need to be held in custody with a bank with custody qualifications, and their accounts are set up and operated strictly independently of the manager and custodian; At the same time, the China Securities Regulatory Commission has issued special regulations for the management of the money market, and there are also strict requirements for information disclosure. However, there is relatively little disclosure of the whereabouts of the bank's wealth management funds. However, bank wealth management products, such as fixed-income bank wealth management products, often do not disclose the operation of specific products.

Three: the product type focuses on different aspects.

**Almost all of the company's products are floating income, and bank wealth management is mainly fixed income, although the development trend has changed in recent years, and floating income products are also increasing.

Four: the service fee is different.

For different subscriptions and redemptions, a certain handling fee needs to be paid; Bank wealth management products only if the investor terminates the contract in advance, he will pay a certain cancellation fee.

Five: Security is different.

Assets need to be held in custody with a bank with custody qualifications, and their accounts are set up and operated strictly independently of the manager and custodian; At the same time, the China Securities Regulatory Commission has issued special regulations for the management of the money market, and there are also strict requirements for information disclosure. However, there is relatively little disclosure of the whereabouts of the bank's wealth management funds.

6. The subscription threshold is different.

**The starting point of the subscription is very low, there are 1 cent minimum purchase and 1000 yuan minimum purchase. The threshold for bank wealth management products is higher, and the starting point of general bank wealth management products is 50,000 yuan. Compared with the two, the starting point of bank wealth management products is higher.

The difference between wealth management products and **.

For some risk-averse investors, Lai Yeyan said, bank wealth management and currency **.

Both are good choices, the security of the two is relatively high, and usually does not cause the loss of principal, but in the selection process, which is better, bank wealth management or currency? But it is very tangled, what is the difference between bank wealth management and currency?

1. Issuer

Bank wealth management is a short-term wealth management product endorsed by commercial banks, issued and sold by commercial banks.

The issuer is a commercial bank. Currency is a type of currency, which mainly invests in treasury bonds and central bank bills.

Bank lending and other high-security financing tools, its issuer is the first company.

2. Purchase channelsare available for purchase. Currency is usually purchased through the company's online, offline and other channels after opening an account.

3. Flexibility

Bank wealth management can only be automatically received at maturity, and the flexibility of currency ** is relatively high, and it can be redeemed on the trading day, and the account can be received quickly.

4. Expected annualized expected rate of return

There is little difference between the expected annualized expected rate of return of the two as a whole, the expected annualized expected return of bank wealth management is between 3% and 5%, the expected annualized expected rate of return of currency ** is between 2% and 4%, and the expected annualized expected rate of return of bank wealth management is slightly higher than that of currency**.

5. Term

Bank wealth management usually has a fixed term, such as 28 days, 91 days, etc., the currency ** has no holding period, you can subscribe and redeem at any time, which is more convenient.

For the two new stars of "RMB wealth management products" and "money market**", which are sought after by the wealth management market, it is not easy for ordinary investors to understand the difference between the two. It is said that the difference between the two can be compared and analyzed from the aspects of expected annualized returns, liquidity, risk, starting point, and financial advantages.

Difference 1: The starting point of the subscription in the money market is generally around 1,000 yuan. Supplemented by some specific investment plans, if investors participate in the regular fixed investment plan of the Southern ** company, the subscription threshold is only 200 yuan.

The threshold for RMB wealth management plans is higher. Several banks start from a minimum of 10,000 yuan to 50,000 yuan, and most banks have some other requirements and restrictions for buyers, such as tying in a certain percentage of fixed deposits.

Difference 2: Liquidity: The money market, which is known as "current savings", has a great advantage of liquidity, and customers can subscribe and redeem at any time, which has very good convenience. Redemption can be made from the 2nd business day after ****.

Renminbi wealth management products are more like an alternative to "regular savings". The bank's RMB wealth management products are closed-ended, and the expected annualized rate of return is linked to the maturity of the bank, which cannot be redeemed by investors at any time, and its liquidity is also subject to certain restrictions.

Difference 3: The management institution of the money market is the ** company, while the management institution of RMB wealth management products is the bank.

Difference 4: The expected annualized rate of return money market** and RMB wealth management products are relatively safe wealth management varieties that can be used as a substitute for savings. Compared with RMB wealth management products, the money market** has the characteristics of monthly compound interest, interest rate hike and interest increase, rolling investment, and tax exemption of expected annualized returns, so it is possible to achieve higher expected annualized returns.

The expected annualized rate of return of RMB wealth management products is relatively low, and the expected annualized rate of return is closely related to the investment period.

Difference 5: The risk of RMB wealth management products is that there is a certain risk, because investors cannot withdraw money halfway, which may lead to the expected annualized rate of return being lower than the expected annualized interest rate of future savings; The money market**, on the other hand, can better cope with this trend, as its expected annualized rate of return will "rise" as the expected annualized rate of return of the invested product increases.

Difference 6: Fee money market** can be subscribed and redeemed at any time, and no handling fee is charged; However, if the investor terminates the RMB wealth management product in advance, he will have to pay a certain termination fee.