Can high income internet banking products still exist?

Before the Spring Festival, internet financial wealth products yield a higher rate. January 26, micro-credit Management 7-day-year rate of return reached 7.902%. The profit rate before the balance Bao Festival is lower than that of financial management, and the annual yield of 7th is also between 6.4% and 6.45%.

Regrettably, however, this growth situation has not persisted. From February 4 to February 7, the balance BAO 7th annual yield fell to 6.04%-6.09%, financial management through the recent 7th annual return to 6.756%.

After the end of the Internet wealth management product yield decline, this is why?

According to analysis, the Chinese New year after the bank funds relatively loose, and the balance treasure, financial management pass the yield and market capital supply and demand relationship.

Small Micro Financial services group Balance Treasure, Tencent Micro-letter financial management, Suning's change treasure, Baidu's hundred are money funds, the main money fund to the bank agreement between deposits.

"Balance treasure, financial management, such as money funds are to the bank to transport deposits." Banks are short of money to lend and are willing to pay a higher cost than the present. The relationship between supply and demand determines the rate of return of the Money fund. "Peer-to-peer Net loan everyone enrichment CEO Xu Jianwen said."

Before the Spring Festival, is the bank's overall fund relatively tense period, this is caused by two reasons: on the one hand, the people from the bank to take money for the new Year, the financial products for a certain amount of redemption. On the other hand, before the spring Festival, enterprises need to settle suppliers ' payment, employee's salary, enterprise's loan demand is exuberant. Therefore, at the end of each year, the rate of return of the Money fund is relatively high.

After the Spring Festival, bank funds return to a relatively loose state, leading to the return of Money fund returns.

Related to fund allocation

The yield of financial products is related to the allocation of funds.

Different monetary funds use different portfolios to allocate funds for different periods of 10 days, 1 months, 3 months, 6 months or 1 years.

"When some of the funds expire, the money fund needs to negotiate with the banks again." If the bank is relatively loose at this time, the rate of return will not be so high. "Xu Jianwen said.

A fund company analysis, if the pursuit of short-term income, fund companies can concentrate on a time point of investment, such as 99% of the funds in January, then January will be very high returns. However, after this point in time, the full maturity of the funds, reinvestment rate of return will become lower.

Will the profitability of Internet banking products continue to fall?

A fund analyst told Tencent technology that, over the years, the 4%-5% annual yield on the money fund was a reasonable level, but at a specific time period, the yield would be higher when the market was tight.

Experts believe that from the current stage, the Money fund product yield will gradually decline to 4%-5%, but at the end of the month, quarter, half year, year-end, when the capital is relatively tense, the rate of return on the fund will rise.