1. What is [Extra Yield Version] moomoo Cash Plus?
2. How to identify [Extra Yield Version] moomoo Cash Plus?
3. How to trade [Extra Yield Version] moomoo Cash Plus?
4. How to check my position in [Extra Yield Version] moomoo Cash Plus?
5. What happens if I redeem [Extra Yield Version] moomoo Cash Plus?
6. What happens to my money after the offer period expires?
7. How to check my daily return on [Extra Yield Version] moomoo Cash Plus?
8. Can I purchase [Extra Yield Version] moomoo Cash Plus more than once during the offer period?
9. When will the offer period end?
11. Is there a quota on [Extra Yield Version] moomoo Cash Plus?
12. Can I purchase more than one [Extra Yield Version] moomoo Cash Plus?
13. Does [Extra Yield Version] moomoo Cash Plus support SmartSave?
With [Extra Yield Version] moomoo Cash Plus, clients can get a promotional offer of extra returns from moomoo Singapore on top of of moomoo Cash Plus they hold. Despite the extra returns, what clients actually hold are cash management funds issued by fund companies. The extra returns will be credited to your fund position after settlement on a daily basis.
[Extra Yield Version] moomoo Cash Plus has a [Extra Yield] label to distinguish itself from moomoo Cash Plus. Only clients who meet the event conditions are eligible to purchase the fund.
[Extra Yield Version] moomoo Cash Plus is classified as a cash management fund, to which the trading rules on cash management funds shall apply.
For trading rules specific to each fund, please go to “Trading Rules” at the bottom of the Fund Details page.
Go to the Trade tab, and tap your position in [Extra Yield Version] moomoo Cash Plus in the position list of your Universal Account.
Your position in [Extra Yield Version] moomoo Cash Plus comprises your position in moomoo Cash Plus itself and the extra returns from moomoo Singapore.
You can redeem the fund at any time, and the proceeds include the amount of your position in moomoo Cash Plus and the corresponding extra returns from moomoo Singapore. Since the proceeds include the extra returns, the Extra Returns you will see on the position page will be reduced accordingly.
After the offer period expires, there will be no extra returns, and you will continue to enjoy returns from moomoo Cash Plus itself.
The extra returns from moomoo Singapore for the offer period will be credited to your Universal Account in the form of cash. You can check them via Trade tab > Universal Account > Funds Details.
Example:
You initially invest S$10,000 in Fund A [Extra Yield].
At the end of the offer period, your position in Fund A [Extra Yield] is S$10,050 (comprising S$10,010 posion in Fund A itself + S$40 extra returns from moomoo Singapore). After the offer period expires:
1. Your S$10,010 position in Fund A will continue to enjoy returns from Fund A itself;
2. The S$40 extra returns from moomoo Singapore for the offer period will be credited to your Universal Account.
Your daily return consists of Product P/L and Extra Yield P/L: Product P/L refers to the income brought by the net value increase of moomoo Cash Plus; Extra Yield P/L means the extra returns from moomoo Singapore. To check them, please go to the Trade tab, tap your position in [Extra Yield Version] moomoo Cash Plus in the position list of your Universal Account, and then Revenue Detail.
Subject to the position limit, you can buy [Extra Yield Version] moomoo Cash Plus more than once during the offer period.
E.g.:
The position limit under the event is S$10,000. You buy [Extra Yield Version] moomoo Cash Plus with an amount of S$3,000 on day 1, and therefore the offer period starts.
On day N, your position in [Extra Yield Version] moomoo Cash Plus is S$3,010.
Then you can continue to buy up to S$6,990 (= S$10,000 - S$3,010).
The offer period ends when you are not allowed to buy and on longer enjoy extra returns.
Assuming that you are allocated an offer period of 30 days, you buy [Extra Yield Version] moomoo Cash Plus for the first time on November 17, 2022, 3:00 PM, and the offer period starts. Then you will not be allowed to buy from December 17, 2022, 3:00 PM.
Suppose that the trading rules on the fund you purchased stipulate that a trading day ends at 12:00 PM. In this case, the trading day for the fund shall be December 18, 2022. After the returns for December 19, 2022 settle, you will no longer enjoy extra returns on [Extra Yield Version] moomoo Cash Plus.
For your total extra returns from moomoo Singapore included in your fund position, please refer to Extra Returns at the top of the Position Details page. Your Extra Returns will be reduced due to redemption (refer to question 4) and delivery of extra returns upon the end of the offer period.
Yes. The quota varies with events. For details, please refer to specific event rules.
No. Each moomoo ID can purchase only one fund in the first purchase and cannot replace it later.
If you have enabled SmartSave, cash management funds (including [Extra Yield Version] moomoo Cash Plus) with lower 7-day annualized yields will be automatically redeemed in case of any deficits.
Uninvested funds cannot be used to automatically purchase [Extra Yield Version] moomoo Cash Plus.