Core Viewpoint - The upcoming long holiday during the Mid-Autumn Festival and National Day presents a unique opportunity for financial management, where proper investment strategies can yield significant returns from money market funds, interbank certificate funds, and short-term bond funds [1]. Group 1: Money Market Funds - Money market funds primarily invest in low-risk, high-liquidity assets and do not charge subscription or redemption fees, making them an attractive option for short-term investments [3]. - To benefit from the 8-day holiday returns, investors must successfully subscribe to money market funds before 3 PM on September 29; otherwise, they will miss out on the holiday earnings [3]. - Some money market funds may suspend subscriptions before long holidays to protect existing investors' returns, emphasizing the need for timely investment [3]. Group 2: Bond Funds - Although bond funds do not trade during the holiday, they continue to accrue interest, allowing investors to enjoy returns that will be reflected in the fund's net asset value on the first trading day after the holiday [8]. - Investors who miss the money market fund subscription deadline can still invest in bond funds before 3 PM on September 30 to benefit from holiday earnings [8]. - Given the current low yield in the bond market, it is advisable to prioritize short-term bond funds and interbank certificate funds to mitigate interest rate risks [8]. Group 3: Interbank Certificate Funds - Interbank certificate funds, which do not charge subscription or redemption fees, have a minimum holding period of 7 days and track interbank certificate indices [9]. - The leading interbank certificate fund has achieved a cumulative return of 8.91% from December 2021 to September 2025, outperforming the money market fund index [9][10]. - While interbank certificate funds offer higher returns than money market funds, they carry slightly higher risks [10]. Group 4: Short-term Bond Funds - Short-term bond funds invest in high-liquidity, near-term bonds and have low interest rate risk, making them a stable investment option [11]. - Some short-term bond funds have waived subscription fees, enhancing their attractiveness for investors [11]. - Historical performance shows that a specific short-term bond fund has achieved an annualized return of 3.41% since inception, ranking in the top 1% of its category [14]. Group 5: Equity Funds - Historical data indicates a strong pattern in A/H share performance around the National Day holiday, typically showing a decline before the holiday and an increase afterward, known as the holiday effect [16]. - Over the past decade, the probability of the technology media communication index rising after the holiday is 90%, with a median increase of 2.31% [18]. - Investors are encouraged to complete subscriptions for equity index funds before the holiday, as these funds generally do not suspend subscriptions [18].

Core Insights - The Industrial and Commercial Bank of China (ICBC) has announced a significant expansion of its "Tian Tian Ying" cash management service, now offering the "Tian Tian Ying No. 1" product from Huabao Fund, which has a minimum investment threshold of just 0.01 yuan [1] - The service is linked to 106 high-quality money market funds, providing a quick redemption limit of 10,000 yuan per fund per day, with features like 24/7 quick redemption and real-time fund availability [1] - Huabao Fund has a strong track record in fixed income, with total assets under management reaching 215.7 billion yuan as of June 2025, and a diverse range of fixed income products catering to various investor needs [1][2] Company Performance - Huabao Fund emphasizes the integration of research, investment, and trading in its fixed income business, aiming to enhance liquidity management and risk control [2] - As of June 2025, Huabao Fund's fixed income assets achieved a return of 4.88% over the past year, ranking in the top 10% of the industry [2] - The current downward trend in risk-free returns and the reduction of bank deposit rates below 1% create a favorable environment for the "Tian Tian Ying" service, appealing to investors seeking a balance between yield and liquidity [2]

五一放假5天，如何玩"赚"假期？除了早点购入货币基金，今年因为有万得基金"0"折卡活动加 持，申购基金更丝滑。 1.货基：多享受6天收益 货币基金不受股市休市影响，节假日期间仍可获得收益，对于普通投资者而言，在五一节前申购 货币基金，就能够轻松多享受6天收益（4月30日至5月5日）。 因为货币基金是在申购后的第二个交易日确认份额（T+1）并计息，所以务必要在4月29日15:00 之前成功申购，否则假期的收益就泡汤了。 不过，购买货币基金宜早不宜迟。按照往年惯例，一些货币基金会在长假前几日暂停申购，以保 护原有投资者的收益不被稀释。 当前，万得钱包对接货币基金 华宝现金宝E （000678.OF）处于可申购状态，而且华宝现金宝E是 一只业绩出色的货币基金，2019至2022连续四年排名处于同类前1/3，2023、2024年也居中上。 一、宜提前布局的中低风险品种 | | | 年份 华宝现金宝E 货币市场型基金 一年定期存款利率 同类排名 | | | --- | --- | --- | --- | | 2024 | 1.79% : | 1.72% : | 1.50% : 366/867 | | 2023 | 2. ...