Interest dipped?
$Fullerton SGD Cash Fund (SG9999005961.MF)$ 70+k only 4*$ yesterday? Was expecting close to $7/day interest. Can someone help explain please? 🥵
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Dadacai : It is not correct to call it interest as this is a unit trust and not a bank deposit. The yield of the fund is not fixed so some days it will be lower and on other days it will be higher. When the Feds cut the interest rate, you can expect the yield to fall in response but there will be a time lag since the assets have maturities of up to 1 year.
mirestige : Look at the average. 7th appreciation is higher than usual