$Fullerton SGD Cash Fund (SG9999005961.MF)$
what is thd dateline one must submit the withdrawal?
what is thd dateline one must submit the withdrawal?
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$Fullerton SGD Cash Fund (SG9999005961.MF)$ Seems the Fullerton fund takes 2 business days to start to earn interest after subscription.
However, for redemption it will stop earning interest immediately but will only receive the funds after 2 business days.
Hence the 7 day yield may seems attractive, but in reality, actual interest earned have to deduct 4 business days. Actual interest income will be lower.
Other MMF do not have the 4 business days stated without earning interest income.
However, for redemption it will stop earning interest immediately but will only receive the funds after 2 business days.
Hence the 7 day yield may seems attractive, but in reality, actual interest earned have to deduct 4 business days. Actual interest income will be lower.
Other MMF do not have the 4 business days stated without earning interest income.
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