The top holdings of $CSOP USD Money Market Fund (SGXZ9679723...
The top holdings of $CSOP USD Money Market Fund (SGXZ96797238.MF)$ are entirely Chinese banks. Why didnt it have banks of other countries? Shouldnt the fund diversify its holdings more?
Any chance of adding similar USD money fund? We have $Fullerton SGD Cash Fund (SG9999005961.MF)$ for SGD. There’s also one for USD from Fullerton, which has more diversified bank holdings.. And a relatively higher yield.
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David Lee cm : China state banks are the most stable, because ccp will not let it fail
102837615 David Lee cm : Hahaha, this makes perfect sense.
But you never know what kind of shit they will give you, so it’s the uncertainty that holds me back
102932613 David Lee cm : here, have a /s for free on me
102932613 : u guys have seen the recent news reports regarding Goldman's research report on Chinese banks, the subsequent fall of bank shares, and rebukes from various organisations in China? its a real worry lol