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.
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.