Confused with the cumulative returns, daily revenue and the 7d yield
Hi all, I am still confused with how this cash plus work. So for the daily revenue and cumulative returns, which i have received positive returns, are those dividends/profits which can be withdraw out? And what does the 7d yield percentage mean? For example, currently it is at 3.7% for 7d yield. So if i have 10k in the fullerton cash plus account, how does the 3.7% work out for the daily revenue and cumulative returns? Appreciate advices pls.
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RandomRando : All the yields are expressed as per annum (year). 7d yield is the average interest rate (per annum) during the past 7 days.
You earn about $1 a day with $10000 subscription. Because 3.7/100/365 x 10000 = 1.01. The key is to divide the per annum interest rate by 365 days in a year.
Dadacai : This is a unit trust without dividend distribution. This is not a bank deposit so while many like to refer to the fund’s yield/return as “interest rate”, it can lead to misunderstanding. See previous discussions $Fullerton SGD Cash Fund(SG9999005961.SG)$ hi can i confirm that the interests we rcv daily are withdrawable and not just paper gains?
Pika Xin OP Dadacai : so does it mean it only pays interest? still a bit confuse with your response in the other link
Dadacai Pika Xin OP : The fund does not pay you interest directly. The units you hold are worth a certain Net Asset Value. The NAV can increase when the underlying assets (bank deposits in SGD, MAS bills, etc) earn interest. It can also decrease if expenses exceed returns.
Do you understand what is unit trust? You buy units in the unit trust with your money. The number of units you hold (Invested amount/Net Asset Value at the point of subscription) are in your moomoo statements which you can find in your email. The fund house calculates and publishes the net asset value of each unit based on the value of the underlying assets in the fund less expenses and fees every weekday excluding public holidays and funds closed dates. The “daily revenue” lets you see the increase/decrease in NAV of the units you hold compared to the previous day. This fund does not pay revenue/dividends/interest which you get to keep even if the NAV goes down. The total revenue is not money in your pocket until you sell (redeem) the units at the NAV that applies at the point of redemption. It is similar to stocks in that you have paper profits when the price goes up and paper losses when the price goes down but the profit/loss isn’t locked in until you sell the stock. The profit/loss fluctuates when the stock price fluctuates. This is not financial advice.