$Fullerton Fund - Fullerton SGD Liquidity Fund (SGXZ40088619...

Hi, i asked MetaAi how MAS bill price can drop. Fyi it replied:

MAS bills are short-term debt securities issued by the Monetary Authority of Singapore (MAS). They are generally considered low-risk investments, and their prices are typically stable.
However, MAS bill prices can fluctuate due to changes in market conditions, such as:
1. Interest rate changes: When interest rates rise, the prices of existing bills with lower yields may drop to make them more attractive to investors.
2. Market demand: If there's less demand for MAS bills, their prices might decrease.
3. Credit rating changes: Although MAS bills are considered low-risk, any changes in Singapore's credit rating could impact their price.
4. Liquidity issues: If there's a shortage of buyers or sellers, the price might be affected.
In the context of your fund, the price decline in the MAS bill likely led to a decrease in the fund's NAV, as the fund's value is calculated based on the value of its underlying assets.
Keep in mind that MAS bills are generally a low-risk investment, and price fluctuations are usually minor. If you have concerns, consider reaching out to Fullerton Fund Management or a financial advisor for personalized guidance.