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CSOP USD experience
Hello all,
Recently tried putting some of my idle cash into CSOP USD Money market fund, first day results on 3rd Jan were showing a very negative loss. Is this normal?
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Strawberry shortcake : Why did you have negative return?
Bullandon OP Strawberry shortcake : No idea why. After buying CSOP this happened
Tinfloor39 : Don't refer to this calendar for your CSOP USD Fund. This is the Total Assets - P/L Analysis. The figures will keep changing so fret not first, I had the same experience too. I think it's because of the changes in currency because this fund is in USD.
To know the exact daily returns, you should click into this fund itself to show it's individual calendar
Bullandon OP Tinfloor39 : Thank you for sharing. The loss is huge, meaning to say when I change back to SGD from USD this will be the amount lost?
Tinfloor39 : This huge loss may not be the same again later. Check tomorrow. I've had 'loss' of USD20k++ on a particular date. Then a day later, it became a profit of USD200++
I also dunno how to figure out how it all add up in this Total Assets P/L Analysis page.
Bullandon OP Tinfloor39 : Alright cheers. Will just look forward to the returns!
102702998 : this is the running P/L of ALL your assets. like the other said, look at the calendar under your fund tab to see fund returns.
NoFear : fx gain/loss will affect your P&L as well. Dxy has dropped. The returns from money market fund is still positive