Where Did The Baby Go? Do You Really Understand The Internet?

This year, once a hot "baby class" financial originator of the balance of treasure income continued to decline, October revenue is "breaking 3" into the "2 era". At the same time, investors' demand for financial management has been increasing. With the balance of treasure as the representative of IMF financial products, because of the loss of yield advantage "disfavor", investors have turned their attention to other products of the network financial platform.

However, the list of products on the Internet financing platform makes it difficult for investors to choose. CNR network reporter found that some products named "so and so treasure" are often compared with the products of monetary fund such as balance treasure, which makes investors mistakenly believe that these "babies" are also monetary funds. It is difficult to identify investment risks. Pan Asian "Jinbao" incident is a typical case.

So, are there products in the name "treasure" that are traditional "baby like" money management? Are they pure money funds? How can these products be profitable behind high interest rates?

Reporters visited several Internet financial platform, found that the name of "baby" is quite a lot, demand treasure, fixed treasure, day interest treasure, worry free treasure, zero life treasure...... In terms of names, it is hard to see what kind of investment is behind these babies. When companies advertise such products, they often compare their products with those of financial products, such as balance Bao, which are well known to the public, and claim that their products are more similar and more advantageous than those of balance treasure in terms of risk, liquidity and yield. Under such propaganda and guidance, investors are likely to invest in products that do not match their own risk tolerance.

CNR network reporters on the Internet wealth management platform, some commonly known as "certain treasure" financial products have been combed, these "treasure" products are mainly the following categories: Monetary Fund, directional investment, P2P network lending and so on.

Recently, on the Internet financial platform, the comparison with these babies is an open-ended cash management oriented investment project. They also have "treasure" in their names. For example, 360 small treasure of your fortune and Lu Jin's odd treasure, the seven annual yield is 4% to 6%.

However, they correspond to the targeted investment targets, rather than purely monetary funds. Taking the zero life treasure of Ping An Lu Jin as an example, the investment scope of the underlying investment is: Entrusted loan, trust plan (including the beneficial right of trust), specific / special asset management plan issued by fund companies and subsidiaries, asset management plan issued by securities companies, financial products of commercial banks, Monetary Fund of fund companies, earnings right of bills, bank deposits and so on. The proportion of investment in bank deposits is not less than 30%. The reporter consulted 360 of your wealth customer service, and the investment direction of his little treasure is similar to that of Lu Jin.

From the investment scope of these products, we can see that in the monetary fund projects such as commissioned investment projects, they have not only invested in monetary fund and bank deposits, but also invested in other products such as entrusted loans, trust schemes and so on. Thus, they are similar to the IMF "baby", but they are not the same. Bringing ratio Monetary Fund Higher returns and higher risks than monetary funds.

The most common "baby" is the money fund products such as balance treasure, which is also known as "baby". In addition to the balance treasure, there are also common merchants, such as Qian Bao, Suning zero money treasure, Nanjing bank Xin Yuan Bao, people's livelihood Ruyi Bao, Bank of China treasure, etc., and the Jingdong's small Treasuries, financial links, etc. Behind these "babies" are monetary funds. The yield of 7 days is basically 3%, and a small number of them exceed 4%.

The IMF mainly invest in short-term monetary instruments (average duration is less than one year, with an average period of 120 days), such as treasury bonds, central bank bills, commercial paper, bank time deposit certificates, government short-term bonds, corporate bonds (higher credit rating), interbank deposits and other short-term securities. Compared with other financial products, the IMF has better security and liquidity, and its income is more stable. It is a highly acceptable cash management product in cash management and financing.

In addition to the above two kinds of "treasure", there are also some "treasure" appeared on the P2P platform. The yield of these "treasure" is mostly above 8%, such as the daily interest treasure of the good loan treasure, the treasure of the money, the PPmoney's lazy treasure, the silver guest network's excellent housing treasure, the Zhongrong's Zhongyi Bao, and so on. These "treasure" and the money fund "baby" have basically no "blood relationship", the investment flows are also different, but the vast majority of investment flows are borrowing projects.

　　 P2P Most of the "treasure" on the platform is a single network loan project. When investors invest in a certain target, the funds will be included in the borrower's account after the full bid, and then the borrower will repay the money and investors will get the proceeds and principal. If the good loan treasure's daily interest treasure belongs to accounts receivable loan project, is not the IMF. According to its investment statement, because the user needs to spend time on the merchant's credit card consumption, it will take some time for the bank to draw the money to the merchant. Therefore, such products can raise funds to the merchant in real time by raising the loan on the network, and when the bank draws money to the merchant, the merchant will complete the repayment again.

Financial planning and investment plan "baby" are also more common on the P2P platform. Some of these schemes include IMF investment, while others do not specify whether or not there are monetary funds, but they all include loan projects. If there is a profit net, the interest rate is 7.5%, and its contract shows that it is an investment plan. Investment flows There are no restrictions on Monetary Fund and loan items. Love money into the whole treasure, PPmoney lazy person treasure and so on belong to the "financial planning", investors' capital flows to other financial projects on the platform, according to customer service introduction, these projects may include loan projects may also include fund management and so on, the flow of various, the main funds scattered management to reduce risk, the purpose is to make customer funds not stand guard.

P2P network borrowers "treasure" are lending loans to the platform to match investors and borrowers to complete loans. Compared to the money fund "baby", such products are more profitable, which is suitable for idle capital investment, but the risk is greater. Such investments of investors may not only have overdue risks, but they may also face risks such as platform running and platform self financing. When investing, investors need to read the investment notes and contracts carefully, inspect the legality of the platform compliance and invest prudently.

As the central bank "double down", many investors believe that the existence of money in banks seems increasingly worthless, trying to transfer funds to the network financial platform to invest in order to get higher returns. Despite the fact that many of the non monetary fund babies are compliant designs on the Internet financial platform, they wear the "baby" hat in the marketing process, and compare with the real baby. Some customer service platforms even claim that they are "money currency funds" when they answer the questions of investors, which easily lead investors into misunderstandings.