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$Fullerton Fund - Fullerton SGD Liquidity Fund (SGXZ40088619...
can someone advice me between these two fund? im not sure which cash plus should i put into or should i RSP both?
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Dadacai : This is not financial advice but usually the yield of the cash fund is slightly higher than the liquidity fund. It is a much larger fund as it has been around for a long time and not exclusive to moomoo. The con is the processing time is T+1 (cut-off time before noon) whereas the liquidity fund is T+0 (cut-off time before 9am), excluding PH, weekends and fund closed dates. Which is better for you will depend on your preferences and priorities. Cash Plus - a possible vehicle to park your idle funds
Ruyiii Dadacai : I tried to take out my cash from this liquidity fund. The amount is reflected in my account almost immediately. But I cannot use the money to exchange to another currency. So T+0, is not immediate? In FSMOne, my idle cash are kept in Auto-sweep account, which offers 2.788% interest pa, can when I need to trade, I can use it immediately. I am confused how Moomoo works.
Dadacai Ruyiii : You can trade immediately if no currency conversion is required. Currency exchange can only be done with settled cash. T+0 doesn’t mean immediate. It is by 8pm if redemption is done before the day’s cut-off time. A workaround is trade with margin and then do the currency conversion the next working day after the funds arrive. Do take note of any funds closed dates and PH that can affect this. Currency Exchange FAQ: How do I buy US/HK/CN shares with SGD (or your home currency if you are in other countries)?
Ruyiii Dadacai : Mmm I see. Thanks for the clarification. I wanted to trade HKEX stocks.
Ruyiii Dadacai : I am still unable to use my cash to convert currency. It's already more than T+1, doesn't seem cash liquidity is any different. I think Moomoo should reflect the information correctly. Personally I do not wish to use margin.
Dadacai Ruyiii : At what time did you redeem the funds? Do you have other subscriptions or pending orders that could have “used” the unsettled funds? I redeemed my funds before 9am yesterday and was able to withdraw after 5pm.
Ruyiii Dadacai : I redeemed my liquidity cash on 26 Nov, yestd, at 09:53am. If it's T+0, it should be accessible by now? Now I still cannot touch it to exchange currency. Strange?
Dadacai Ruyiii : You missed the cut off time of 9am so it is only redeemed today. Need to wait till 8pm.
Ruyiii Dadacai : If i redeem it before 9am today(which is later), I will be able to access it earlier by 5pm? Strange?
Dadacai Ruyiii : If you had redeemed it before 9am yesterday, you would have gotten the funds by 8pm yesterday. Anything after 9am yesterday is treated as before 9am today. Funds will arrive by 8pm today. It could arrive earlier but 8pm is the latest time stated.
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