[要点] 直播: 与鹰派美联储行动一起应对市场波动

It's really depends, actually. But I have to say the inflation in Singapore is not as high as in the us and the growth-up strength is also not as strong as in the United States. I think that's something that investors should take a consideration.

That's a very big question because there are a lot of funds in the world, but maybe there are still some common rules to measure the risk of different MMFs. The first risk is the liquidity risk, and investors can have a check on their liquidity allocation. Second one is about their credit ratings. And this is also important. Even the regulators may set some minimum rating requirements, different regulators may have different risk appetites.

Money market funds to me, it's an actively managed strategy as compared to index fund. Because in most cases, for equity index fund, it typically tracks the benchmark, which means this is mainly through a passive management. But for money market fund, since they have a very short maturity allocation, which means portfolio manager needs to take care of the money market fund management almost on every day, which means we need to care about the potential interest rate environment, also the potential investable universe to make sure we can always act the best interest to your investors to balance the liquidity and potential yield.

Conclusion: I just want to reiterate that safety, liquidity and yield make the case for USD money market fund, particularly under rising rate environment. Even the Fed will finally turn after 1 or 2 years, MMF can still act as a flexible cash management tool with potential better yield vs. demand deposit.