Understanding returns
$CSOP USD Money Market Fund (18000597.FD)$ New to this so please help with below queries.
1. is the return in form of fund units or cash?
2. Does the retun get absorbed into the capital and form a snowball effect ? Just like DRIP
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agreeable Hound_0795 : this is a fund generally generating positive returns every day unless US economy is bad
Dadacai : 1. Neither. There is no distribution of interest/dividend. The return is simply a change in NAV of your existing units compared to the previous day.
2. In a sense, yes, as the fund reinvests matured deposits with interests earned into new deposits or MAS bills.