102410652
commented on
$United Money Market Fund-Class R (MYU9100AN000.MF)$
Not as advertised which the positions can be used for stock trading anytime, when i try to purchase stock the system still requires me to deposit.
Can anyone help to advise how this works?
Not as advertised which the positions can be used for stock trading anytime, when i try to purchase stock the system still requires me to deposit.
Can anyone help to advise how this works?
5
2
102410652 : How much money did you use to buy the fund? It looks like your interest income is less than RM0.01.
102410652 105474003 OP : You are expected to buy RM10 on August 30th. The net value of the fund on that day is 0.5477, so you bought 18.26 shares. Then the net value of the fund increased by 0.0001 on September 3rd and 5th, indicating that there was interest income on September 4th and 6th. However, the amount of fund shares you subscribed to is 18.26 * 0.0001 = RM0.001826.
This is why you see interest income as RM0.00.