Cryptocurrency Q&A
What is the 7 day yield on a money market fund?
What is the 7 day yield on a money market fund?
Giulia
Wed Sep 18 2024
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5 answers
1389
Excuse me, could you please clarify for me what the 7-day yield on a money market fund represents? I understand it's a metric that reflects the fund's performance over a week, but I'm interested in knowing how it's calculated specifically and what it indicates about the potential returns or risks associated with investing in such a fund. Additionally, I'd like to understand if this yield varies depending on market conditions or the specific fund's investment strategy.
5 answers
DigitalDragon
Fri Sep 20 2024
The 7-Day Yield is a metric that assesses the annualized performance of a fund over a seven-day period. It measures the average income generated by the fund during this timeframe, assuming that the interest income is not reinvested back into the fund.
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Arianna
Thu Sep 19 2024
This metric provides investors with a snapshot of the fund's recent performance, allowing them to gauge its profitability and potential return on investment.
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isabella_cole_psychologist
Thu Sep 19 2024
The 7-Day Yield is calculated by dividing the total income paid out over the past seven days by the fund's average net assets over the same period and then multiplying the result by 365 (to annualize the figure).
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Caterina
Thu Sep 19 2024
It's important to note that the 7-Day Yield is influenced by any applicable waivers or discounts that may have been granted to investors. These waivers can affect the overall yield of the fund, making it appear higher or lower than it would be without them.
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KimonoGlory
Thu Sep 19 2024
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