Interest generate over the weekend ?
Will interest generate for weekend if I buy the fund on Friday 9am ? It says interest generate before Monday 23:59 What does it means ?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moomoo Lily : Hi, @Moomoo Buddy Please assist. Thanks!
Fei哥哥 OP : Anyone know ?
Fei哥哥 OP : @Moomoo Buddy Do you know ?
arbs-io : It means the subscription will complete on Monday and you will start accumulating on Tuesday onwards. Next weekend you will receive the interest on the following Tuesday.
Fei哥哥 OP arbs-io : But it says if I buy before 12pm the transaction is settle T+0. I should start to accure interest from T+0 ? Not like this ?
arbs-io Fei哥哥 OP : No, the first week is slow due to subscription. But once established you’ll get the passive income
Moomoo Buddy : Dear client, for cash management funds, gains are usually updated on each fund trading day. Gains generated during weekends and holidays will be accumulated and distributed on the next trading day. if you are I buy the fund on Friday 9am, you can get weekend interest. Thank you.