CSOP USD Money Market Fund Wrap – 20221128
- Minutes of the November FOMC meeting reveal a surprisingly strong dovish tendency on the committee, as well as at the staff level. There's widespread agreement to slow the pace of rates hikes,but little conviction on how high rates should go.
- Inflation has decelerated lately as supply constraints ease, but the stickier, demand-driven component of inflation shows few signs of slowing. Even though the government's Covid-era stimulus has long since ended, it suggests residual stimulus saved by state and local government continues to provide income transfers to households.With household income still growing strongly, there's a risk that the supply-driven disinflation might prove transitory, and that the Fed will have to do more to keep inflation down sustainably.
- Potential higher terminal rate benefit CSOP USD Money Market Fund. As of 20221125, the fund has gross yield at 3.97% and net yield at 3.58%*.
- Inflation has decelerated lately as supply constraints ease, but the stickier, demand-driven component of inflation shows few signs of slowing. Even though the government's Covid-era stimulus has long since ended, it suggests residual stimulus saved by state and local government continues to provide income transfers to households.With household income still growing strongly, there's a risk that the supply-driven disinflation might prove transitory, and that the Fed will have to do more to keep inflation down sustainably.
- Potential higher terminal rate benefit CSOP USD Money Market Fund. As of 20221125, the fund has gross yield at 3.97% and net yield at 3.58%*.
![CSOP USD Money Market Fund Wrap – 20221128](https://ussnsimg.moomoo.com/feed_image/71451441/9cd1e0cdfb3d35d2aa3abdbbc14672de.jpg/bigmoo)
![CSOP USD Money Market Fund Wrap – 20221128](https://ussnsimg.moomoo.com/feed_image/71451441/48f9bfd328223eaf83e3ecb652afed1f.jpg/bigmoo)
Source: CSOP, Federal Reserve Board, BEA, Bloomberg, as of 20221125. * Gross yield is based on annualized yield of underlying holdings. 7-day net yield is calculated based on calendar days and NAVs in full decimal.
Disclaimers
“The investment product(s), as mentioned in this document, is/are registered under section 286 of the Securities and Futures Act (Cap. 289) of Singapore (the “SFA”).This material and the information contained in this material shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions.
CSOP Asset Management Pte. Ltd. (“CSOP”) which prepared this document believes that information in this document is based upon sources that are believed to be accurate, complete, and reliable. However, CSOP does not warrant the accuracy and completeness of the information, and shall not be liable to the recipient or controlling shareholders of the recipient resulting from its use. CSOP is under no obligation to keep the information up-to-date. The provision of this document shall not be deemed as constituting any offer, acceptance, or promise of any further contract or amendment to any contract. The information herein shall not be disclosed, used or disseminated, in whole or part, and shall not be reproduced, copied or made available to others without the written consent of CSOP.
Advice should be sought from a financial adviser regarding the suitability of the investment and/or investment product before making an investment. Investment involves risk. The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not necessarily indicative of future performance. Investor should read the prospectus and product highlights sheet, which can be obtained on CSOP website or authorized participating dealers, before deciding whether to invest. This document has not been reviewed by the Monetary Authority of Singapore.”
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