New stock issue beats fast to boost monetary Fund's short-term gains

In the context of the recent market heat, money fund returns, which are directly related to interest rates in the capital market, have been raised again. From the close of Tuesday (June 1), the 7-day yield on the current 64-dollar fund is more than the current bank current interest rate (0.36%). Among them, more than 1-year bank regular interest rate (2.25%) of the varieties reached 6; The bank's regular interest rate (1.71%) over the March period reached 16. This fully reflects the true nature of the money fund as a "cash management tool".　　It is to be reminded that in the recent market, the funds invested in the direction of the fund has been poor. It is worth mentioning that there has been a surge in individual earnings in the Tuesday money market. Bao Fund company's currency B-class and a-level 7-day annual yield of 17.341% and 17.065%, respectively, these gains are very rare recently.　　At the same time, Oriental Fund Company's Oriental Gold Book 7-day yield also reached 4.827%, the Money fund for each million income of up to 6.3392 yuan, is the most profitable every million varieties. Industry insiders believe that, along with the Bank of China (601988.SH) 50 billion yuan convertible bonds issued by the opening up of major bank financing, the future of new shares is expected to increase the pressure will not be reduced, which may continue to support all the rise in Money fund proceeds. From the Tuesday Monetary Fund market, the best performance of the million-dollar fund has been the cumulative annual yield of 2.0198%, almost close to the current bank's 1-year fixed deposit rate (2.25%), the bias in the Fund since the loss of funds abound in the context of this year, Fixed-income products such as the Money fund have favoured many asset-allocation investors.