Hi can I check if the interest gained from my principal inve...
Hi can I check if the interest gained from my principal invested would be collectively invested again into this fund?
Is this a compound interest or simple interest gained?
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Moomoo Lily : Hi, mooer! The question has been forwarded to the customer service. Please wait for the reply.
Zennin : Yes, this is an accumulating fund and will be re-invested into this fund.
Moomoo Buddy : Dear valued customer, When you use a certain amount of money to subscribe for a fund, the NAV (price) of the fund on a certain day will be used to confirm the final units of the fund (quantity) you have subscribed for.
If you do not continue to subscribe/redeem, the unit of the fund you hold will not change, but the NAV (price) of the fund may change on each trading day.
The fund's return is calculated by the change of the fund's NAV, which is the same as the return on stocks, instead of calculating compound interest. If you have any questions please feel free to contact us via 「APP - Account - Message on the upper right corner - Chats - Online Inquiry」If you prefer talking to someone, please call us at +65 6321 8888. Thank you and have a good day!