$United USD Cash Fund-Class R (MYU0100A8420.MF)$ how does th...
$United USD Cash Fund-Class R (MYU0100A8420.MF)$ how does this work? not familiar with foreign money market.
Will it loose capital and Forex lost when purchase?interest is calculated weekly minus fees ?
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Thomas kuanvin : Basically the same as like MYR money market, just that this is placement to Usd and earning Usd level of yield instead of MYR yield.
risk of capital lose is minimum with exception of deposit bank default and cost>yield.
You invest in USD and redeem in USD, so no forex conversion involved within the fund and/or loss in forex. Unless you evaluate it at your own level based on your entry/conversion from base currency to USD before the purchase if any.
The underlying yield and fee are accrued on daily basis and being reflected thru it's NAV or unit price on daily basis.