Core Insights - Cash management products are gaining investor attention due to their flexible redemption, lower risk, and relatively stable returns, especially as bank deposit rates decline [1][2] - The average 7-day annualized yield for cash management products is 1.38%, with some bank products reaching nearly 3%, while money market funds average around 1.25% [2] - Regulatory policies have aligned the liquidity and redemption mechanisms of cash management products and money market funds, narrowing the gap in risk and return [2][4] Group 1 - Cash management products include cash management wealth management and money market funds, suitable for low-risk tolerance and high liquidity needs [2] - Investors should prioritize products from large institutions, considering factors like yield, redemption mechanisms, and fees [1][2] - High-yield cash management products may have small initial scales and could see yields drop as more funds are added [1] Group 2 - The liquidity design of cash management products, including subscription and redemption confirmation days, is crucial for investors [4] - Significant yield differences between products only become apparent with larger investment amounts, suggesting that investors should consider recent yield performance [4] - To enhance overall investment returns, investors should balance their portfolios across various asset classes like stocks, bonds, and gold based on their risk preferences [4]