|
||||||||||||||||||
Data:2009-12-12 2:34
Cash management is an important part of finance and investment, cash management, the primary objective is to ensure safety, liquidity, in order to meet emergency needs, and always ready to grasp a better investment opportunities. Second, is the profitability, that is, raising the cash utilization, and reduce the waste of cash. Money market fund is currently the best tool for cash management, with a stable income, the sale free of charge, every day there is interest, dividends tax-free characteristics, can fully meet the cash management requirements.
Whether we should select what kind of money-market fund? Some investors believe that the election should be the highest yielding money market funds. As a part of financial planning, it may not be the best choice. The primary purpose of cash management is not high-yielding and will yield as the selection criteria will not help to meet cash management objectives. What's more, money market fund's investment style, investment strategies and investment products are similar, which also determines the yield on money market funds are very close. Select the main criteria for money market funds or should see whether it can ensure the safety, liquidity, easy to grasp a better investment opportunities.
The security of all the basic characteristics of money market funds, liquidity, while there is much to. Mobility has two meanings, one can quickly converted to cash; second opportunity came in the market, can quickly converted to the required investment products. Imagine the following scenario: You have purchased A money market funds, the market is now expected to be a big market, in order to seize this market opportunity, you immediately redeem A money market funds, and other funding Daozhang be formulated after the purchase B Equity Fund; expect the market to adjust again when the reverse operation, redemption of B equity funds, and other funding Daozhang after they purchase A money-market funds. In this process, the round-trip purchase, redemption has to spend several days, delay investment opportunities, and the application procedures are very cumbersome, in the purchase, redemption of equity fund, and pay high fees for subscription and redemption. However, if A money market fund and equity fund B is exactly the same, a fund management company's funds, the situation would be different --- great when you optimistic about the market, simply and easily be converted into A Money Market Fund B Shares funds as soon as you can enjoy the market rise in earnings; if not optimistic about the market, then B is converted to equity fund A money market funds, immediately available to avoid market risks.
Many investors have accepted such a view: Select Equity Fund is the election fund. In fact, this view will be wider, on the money market funds are equally applicable. Select Money Market Fund is to select equity fund, the election fund management companies. Rich countries are being issued in the current day money-market funds, for example, the rich fund management companies to take into account investor demand for cash management tools will be days Monetary Fund's investment philosophy defined as "meticulous management to enhance efficiency in the use of funds in the security Xing, liquidity and profitability to find the best balance between "flexibility in product design at the beginning will be converted one of my priorities. At present the rich fund of fund's performance is good and benefits the rich days, Tin Shui Estate, Tin-hui Lee Equity Fund and the days are all bond funds of similar funds in the forefront. Investors to invest in the rich day money-market funds, you can according to the market situation, lost no time in the money market funds and the rich to convert between the Fund's high quality, avoid market risks, to obtain higher yields. (SHI Jun)