Investors' "small money" is looking for a new direction of financial management.
Towards the end of the year, the overall performance of ** products, which are closely linked to the ** and bond markets, is relatively flat, which gives opportunities to the wealth management products in the market.
A number of bank apps have recently pushed current wealth management "products" (hereinafter referred to as "quick redemption portfolios") called "quick redemption+" and "change+" to the homepage.
Many institutions are also increasing the upper limit of the amount of rapid redemption of related "products", and the highest is expected to exceed 1.6 million yuan a day.
This is undoubtedly another "bright spot" in the national wealth management market at the end of 2023.
The biggest feature of the "Quick Redemption Portfolio" is that it can not only meet the "vigilance psychology" of investors for "drawdown", but also achieve almost the same liquidity as demand deposits - instant redemption on the same day.
This is too scarce in the current investment market.
Recently, more and more banks have launched "quick redemption portfolio" wealth management products.
For example, the "change +" and live money + launched by China CITIC Bank are of this type.
Among them, "Live Money +" docks with 70 currencies**, supports real-time redemption of up to 700,000 per day, and as of December 11, the maximum 7-day annualized rate of return is 282%；
"Change+" docks 16 currencies and only financial products, supports real-time redemption of up to 300,000 per day, and as of December 11, the maximum 7-day annualized rate of return is 282%。The total real-time availability of the two products can be up to 1.1 million yuan.
Another example is China Merchants Bank, which has set up a "quick redemption +" zone this year, with 150 quick redemption products in the zone, and as of December 11, the highest 7-day annualized rate of return is 315%。
Other similar products have been launched, such as Bank of China's "Live Money", Industrial and Commercial Bank of China's "Tian Tian Ying", Bank of Communications' "Current Profit", Ping An Bank's "Flexi Bao", and Bank of Ningbo's "Ri Ri Bao", all of which support fast redemption of larger amounts in a single day.
Some of the above-mentioned "quick redemption +" products are built on the "star products" of some banks before.
For example, China Merchants Bank's "Quick Redemption +" area includes two star products of China Merchants Bank - Chao Chaoying No. 2 and Riribao.
The former (Chao Chaoying No. 2) docks with currencies**, and Riribao focuses on docking financial products.
The "Quick Redemption +" directly includes 80 ** products (currently the same as the underlying product of Chaoying No. 2 and only financial products (including 50 products with the same day of Ribao).
This also means that Chaochaoying No. 2, Riribao and Quick Redemption + "share" the quota of 1.5 million yuan.
The biggest advantage of "quick redemption portfolio" products is, of course, the liquidity support for "T+0".
However, from the perspective of product functions, some products not only support a higher quick redemption amount, but can also be directly used for consumption and repayment.
For example, China CITIC Bank's "Change+", which supports a maximum daily quick redemption amount of 300,000 yuan, can be used to pay and repay in multiple scenarios.
Another example is Ping An Bank's Flexibao, which supports a maximum daily quick redemption amount of 300,000 yuan, and also supports fast transfer consumption.
In addition, the maximum daily quick redemption amount of Bank of China's live money treasure is 100,000 yuan, which can be used for consumption payment, card repayment and loan repayment
China Merchants Bank's Chaochaobao has a maximum daily quick redemption limit of 100,000 yuan, which can be paid for consumption and repaid by transfer.
However, the purchase limit of Chaochaobao of China Merchants Bank is only 100,000 yuan.
Of course, compared with other "quick redemption portfolio" wealth management products, the maximum 7-day annualized rate of return for such products with multiple functions is relatively low.
"Quick Redemption Portfolio" type of wealth management products continue to be popular, and replace short-term deposits, which is currently an industry trend.
But this type of product also has its occasional "risks".
First, although the support amount for "T+0" redemption is theoretically higher for "quick redemption portfolio" products, the relevant terms indicate that under certain circumstances (such as customers applying for quick redemption in a centralized manner), the relevant amount may not be fully cashed.
Second, the "quick redemption portfolio" wealth management product is essentially a combination product, and the counterpart short-duration product has a low probability of negative daily yield, but in the case of emergencies, it is impossible to completely avoid the occurrence of the above situation.
In addition, the attention and adjustment of policies is also one of the potential uncertainties, and if the regulatory attitude towards such products changes, it may also lead to unexpected situations in related products.
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