vgxsy
:
They invest in mostly cash instruments. Do they mean the bonds crush? Otherwise money instruments shld be generating interest. Can someone enlighten me?
103875778
:
9.1 is a public holiday in Singapore, but it seems to be used as a trading day here. Funds actually have interest today. Combined with the 9.4 US holiday, interest for all these days will be reflected centrally on the 9.5, so today's “drop” in interest rates is an illusion that assumes that today's net worth “hasn't changed”
vgxsy : I jus realise too. 0 return
vgxsy : They invest in mostly cash instruments. Do they mean the bonds crush? Otherwise money instruments shld be generating interest. Can someone enlighten me?
103875778 : 9.1 is a public holiday in Singapore, but it seems to be used as a trading day here. Funds actually have interest today. Combined with the 9.4 US holiday, interest for all these days will be reflected centrally on the 9.5, so today's “drop” in interest rates is an illusion that assumes that today's net worth “hasn't changed”
待人诚恳的莫顿 OP : Oh, that's right. Thanks for the answers