First half of the year one branch alone beautiful, money fund already was covered the attention of benefit fund, this also forces monetary fund to must adopt limitative measure to give answer.
Southern cash increases benefit fund announcement said a few days ago, the decision is opposite since Zhouer originally oneself fund is big explain buy business to undertake limitative, namely odd-numbered days the accumulation of every fund account explain buy amount to should not exceed 1 million yuan, announcement did not disclose restore big explain bought date. The time that southern cash increases benefit fund to restrict this one business last time is as long as 7 months. Outside removing southern fund, since this month, the fund company such as goosefoot also is opposite silver China fund, Hai Futong fund, Shen Moba early or late limitation of fund of money of the part below the banner is big explain buy. Afore-mentioned fund set limitation amount minimum 1 million, highest 30 million.
Big to limitation explain buy, relevant fund manager says southern fund yesterday, limitation is big explain bought main reason is protective holder interest, fund of influence of frequent pass in and out runs big fund, at the same time this behavior will spread out accrual of small fund former holder.
Restrict measure from fund company announcement when look on the dot, preventing “ to grow the false ” that cover interest may be money fund executive limitation explain a bought ingredient. Silver China fund expresses when explaining this one phenomenon, as a result of at present of monetary fund year change interest rate of saving of current of yield outclass bank, before very much disengaged capital is growing a holiday, center explain buy monetary market fund, in order to seek the short-term profit during holiday, and that day explain buy capital to remove those who enjoy fund to allocate rights and interests from next weekday, may cause new explain accrual of bought holder of fund of money of capital booth Bao Yuan.
Personage of a few markets thinks, in current most investment breed is behaved not in the weak city environment of beautiful, stable the advantage of accrual and low risk also is the main factor that big fund takes fund of shipment currency market often to seek profit. “ money fund is bigger to the appeal of big fund, but to monetary fund character, the stand or fall of fluidity management is crucial, big fund is frequent certainly will of pass in and out brings liquidity risk to monetary fund. Li Wei of analyst of fund of ” galactic negotiable securities yesterday to " Shanghai negotiable securities signs up for " express, of monetary policy become loose those who bring capital side is comfortable the opportunity that also will bring sex of bond market whole, this to the monetary fund of hold bond capital fund character is a benefit good, also be a reason that draws big fund attention, but this may challenge the liquidity with monetary good fund.
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