Futu's money fund is an idle money management product, a Yu'e Bao similar to the Hong Kong dollar / US dollar version.
The core advantages of Futu money fund
Spare money earns money every day.Cash can also enjoy benefits when lying down.Seven hours a day, 24 hours a day.!
Stocks can be purchased immediately after redemption.Suddenly there is an opportunity to buy stocks right away. The Futu money fund can redeem this second and buy stocks the next.It won't generate any financing.!
There are various ways to support playing new.: here comes a new stock! Do you want to play new right away? No financing account? After the redemption of the fund, T + 1 can support cash subscription! Is there a financing account? Redemption can be redeemed immediately with Fortune financing, as long as the funds redeemed before the withholding date arrive in the account, it is tantamount to using cash to subscribe, and there will be no financing fees at all!
How to grasp the timing of purchase and redemption?
Introducing so many advantages, are you ready to buy it? But there is one more thing you have to pay attention to. That is the time stipulated in the redemption, which will directly affect your investment profit!
First of all, there is a specified time for fund trading.Fund trading day is called T-day, generally weekends and holidays do not belong to T-day, it can also be understood that T-day is the working day of the fund company, start to deal with your order.
Different fund companies, their T-day switching time is different, Futu money fund products set the trading day 9:00 cut T-day, and then let's use a few examples to learn more about the fund's redemption time rules.
Purchase rules
1) apply for purchase before 9:00
Assuming that the purchase before 9:00 on Friday is regarded as an order on Friday, the income will be calculated on Friday, and the income will arrive on Monday of the next working day.
2) apply for purchase after 9: 00
Suppose that the purchase after 9: 00 on Friday is regarded as the order of the next working day on Monday, and the income will be calculated on Tuesday. There is no profit on that day, and the income will arrive on Wednesday.
Redemption rules:
Continue the above assumption, submit the purchase application after 9: 00 on Friday, then what is the difference between submitting the redemption under different circumstances?
1) if you redeem before 9:00 on Tuesday, it will be treated as a redemption request on Monday, so all gains will be lost this weekend.
2) if you redeem after 9: 00 on Tuesday, but submit a redemption application without waiting for the earnings to be accounted for, the weekend earnings will also fail, and because this is a redemption order on Tuesday, you will have to wait until Thursday to withdraw.
To sum up the redemption situation in one sentence isIf you redeem it without waiting for the income to be redeemed on the first day of the holiday recovery, you are likely to face the loss of the entire holiday income!
As a deposit-and-take low-risk financial product, Futu money fund is not only a good companion when new funds are idle, but also a good choice for income not to take a holiday. Investors need to understand the purchase rules of the product before buying. in order to better protect their rights and interests!
Edit / wendy
Disclaimer
Risk and disclaimer: this document is not and should not be regarded as the basis for soliciting, soliciting, inviting, recommending the sale of any investment products or investment decisions, nor should it be interpreted as professional advice. Those who read this document or before making any investment decision should fully understand the risks and the characteristics and consequences of the relevant laws, taxes and accounting, and decide whether the investment is in line with their financial position and investment objectives according to their own circumstances, and whether it can withstand the relevant risks, and should seek appropriate professional advice if necessary.
Investment involves risks, and investors should carefully read the fund information and related documents (including its risk factors). Investors are advised to note that the prices of fund products can rise or fall, and may change substantially within a short period of time. Investors may not be able to get back the amount they have invested in the fund. The past performance of the fund does not predict future performance. If there are similar forward-looking statements in this document, such contents or statements shall not be regarded as guarantees of any future performance, and it should be noted that the actual situation or development may differ materially from such statements.
Those whose investment income is not in Hong Kong dollars or US dollars are subject to the risk of exchange rate fluctuations.