"Baby-Related" fund's rate of return falls below 1%, while Yu'ebao remains steadfast.

Since the beginning of this year, the yield of "baby" funds has been continuously decreasing. According to Wind data, as of December 16th, the median seven-day annualized yield of 941 currency funds with statistical data is 1.24%. Among them, 102 currency funds have a seven-day annualized yield of less than 1%, and more than 300 currency funds have a seven-day annualized yield between 1% and 1.2%. As of December 16th, the seven-day annualized yield of Tianhong Yu'ebao was 1.014%, slightly higher compared to the previous week. Previously, the seven-day annualized yield of the fund had dropped to 1.001% but remained above 1%. However, despite the long-term downward trend in the yield of currency funds, influenced by factors such as the decrease in interest rates on demand deposits, and fluctuation in both the bond and equity markets, the size of currency funds has increased rather than decreased recently. According to data from the Fund Industry Association, as of the end of October, the total share of currency funds was 15.05 trillion shares, an increase of over 38 million shares compared to the end of September.