CSOP USD Money Market Fund Wrap – 20230605
- Former Treasury Secretary Lawrence Summers stated that the Federal Reserve should be open to raising interest rates by a half percentage point in July if it decides to hold off from tightening credit this month.
- "We are again in a situation where the risks of overheating the economy are the primary risks that the Fed needs to be mindful of," said the Harvard University professor in an interview with Bloomberg Television's David Westin last Friday.
- He said the May jobs numbers released on Friday were “strong” on balance. While the unemployment rate jumped to 3.7% from 3.4% in April, data from the household survey from which the jobless figures are drawn can be noisy, especially in May when schools let out.The payrolls data showed companies added 339,000 workers last month after an upwardly revised 294,000 in April.
- Since the Fed’s last hike in May, $CSOP USD Money Market Fund (18000597.FD)$ managed to maintain a stable yield. As of 20230601, the fund has gross yield at 5.04% and net yield at 4.60%*.
![CSOP USD Money Market Fund Wrap – 20230605](https://ussnsimg.moomoo.com/feed_image/71451441/e6662aaf163e36af8dc70bbedaeab250.jpg/bigmoo)
Source: CSOP, Bloomberg, Bureau of Labor Statistics as of 20230603.
* Gross yield is based on annualized yield of underlying holdings. 7-day net yield is calculated based on calendar days and NAVs in 5 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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Dadacai : Hi is it possible to publish the daily NAV data in table format? It’s quite difficult to view in the chart on CSOP - Products - CSOP USD Money Market Fund.
101729820 : help my