For people who can't invest and manage money, will they put part of their spare money in yu'ebao? But have you found that yu'ebao's income has started to plummet recently? Why does yu'ebao's income decrease? What's the cause?
Influenced by the downward market interest rate, the investment yield of the Internet Monetary Fund also suffered the first dilemma. On August 29, the reporter of Beijing business daily noticed that the 7-day annualized yield of yu'ebao had dropped to 3.2%. Analysts in the industry believe that under the condition of loose market and downward interest rate, the income focus of the monetary fund will continue to move downward. In the future, it is not ruled out that the yield of yu'ebao will fall below the previous minimum of 2.4%.
In addition to the Tianhong yu'ebao money market fund that yu'ebao was connected to when it was born in June 2013, yu'ebao currently has nine money funds. The reporter of Beijing business daily noted that among the nine money funds, the 7-day annualized yield of Yinhua money fund a has dropped below 3%, to 2.893%.
In addition to Yinhua Monetary Fund A, the yields of several other monetary funds are also very close to 3%. For example, Hua'an Rixin currency a, noan Tianbao A and Boshi cash income currency a were annualized at 3.0630%, 3.0900% and 3.0090% on August 29, respectively.
The white-collar Xiaozhang said to the reporter disappointedly, "before, he could get 10 yuan of income from yu'ebao every day, now it is only 8 yuan. If the interest rate of yu'ebao continues to fall in the future, he will not invest any more.".
Liu Yinping, an analyst at financial 360, said that in the first half of the year, the central bank lowered the standard twice, and on August 15, the central bank implemented a medium-term loan facility of 383 billion yuan. As a result, the current market funds are relatively loose, which leads to the continuous decline of interest rates. Since the upgrading of yu'ebao, it is in a period of sharp decline in interest rates, so the yield is lower Fall into reason.
In addition, after the access of these monetary funds to yu'ebao, a large number of funds poured in in the short term, and the scale expanded rapidly. At the beginning, the income of the monetary fund would be diluted, resulting in the decline of the income of the Monetary Fund. "Said Liu Yinping.
In fact, since the access of Monetary Fund to yu'ebao platform, the scale diversion effect of yu'ebao has gradually appeared. On July 19, Tianhong Fund released the second quarterly report of Tianhong yu'ebao money market fund. According to the second quarterly report data, the fund scale of yu'ebao decreased from 1.69 trillion yuan at the end of the first quarter to 1.45 trillion yuan, down 14.2%. At the same time, the scale of other monetary funds connected by yu'ebao has increased significantly.
As for the future trend of yu'ebao, Liu Yinping further pointed out that the keynote of monetary policy in the future is steady and loose, market interest rate is likely to continue to decline, and the income focus of Monetary Fund will continue to move down. If this situation continues, it is not impossible for yu'ebao's yield to fall below 2.4%, but this year's probability is not great.
Since August, the growth of Internet monetary fund yield has been sluggish. According to the financial 360 monitoring data, the average 7-day annualized yield of 74 Internet monetary fund products last week (August 17-23) was 3.38%, down 0.09 percentage points from the previous week, falling for seven consecutive weeks, and hitting a new low this year, which is also the lowest yield level since March last year. At the same time, the bank's financial yield fell for eight consecutive weeks, the lowest since November last year.
How to choose a good alternative has become a topic of concern for investors under the circumstances that the income of bank financing and Internet monetary fund financing are greatly discounted. Liu Yinping said that yu'ebao can certainly continue to invest, but it is not recommended to buy yu'ebao, because it is as safe and liquid as yu'ebao, but there are many monetary funds with higher yield than yu'ebao. In addition to the monetary fund, the bank's open-ended financial management, personal pension security management products, intelligent deposits and other current products can also be considered.