$United Money Market Fund-Class R (MYU9100AN000.MF)$ Can the...
$United Money Market Fund-Class R (MYU9100AN000.MF)$ Can the money in this fund be used immediately for stock trading and IPO purchase?
And I saw this fund is having "T+1 settlement" tag. May I know how is this different from the Maybank MMF in moomoo?
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Moomoo Lily : Hello mooer, Lily has received the issue you reported and forwarded it to the relevant colleagues for follow-up assistance.
AdrianLim87 Moomoo Lily : I have tried,it can be redeemed and used for IPO straight within d platform...
Withdrawal need to wait for T+1
Moomoo Buddy : Hi! Please be informed that the funds cannot be used directly for trading or IPO subscriptions. However, after you redeem the funds, they can be used for stock trading and IPO subscriptions; they just cannot be withdrawn until the funds are credited to your account. Regarding T+1, I believe it refers to the return posted after the funds are subscribed. Thank you!