Fullerton SGD Liquidity Fund: Exclusively Available at Moomoo Cash Plus
Cash funds are typically considered by some investors with different financial goals. For instance, conservative investors who prefer to avoid significant risks and preserve their capital may try cash funds, and short-term investors looking for a place to park their funds in the short run can also consider cash funds. As of end October 2023, Fullerton Fund Management collaborates with Moomoo Singapore to launch Singapore’s first retail SGD cash fund with enhanced intra-day liquidity: Fullerton SGD Liquidity Fund, which may provide a new solution for Singaporean investors.
What is Fullerton SGD Cash Fund?
Incorporated in 2003, Fullerton is headquartered in Singapore, and has associated offices in Shanghai, London, Jakarta and Brunei. Fullerton Fund Management Company is an active investment specialist, focused on optimising investment outcomes and enhancing investor experience. With $37.2 billion of total assets under management as of 31/03/2023, Fullerton boasts abundant high-quality awards, such as Asia Best Bond Manager-Singapore and Fund Launch of the Year (Jointly with LH Fund)-Thailand in Asia Asset Management Best of the Best Awards 2023, Top Investment House (#4)-Singapore in The Asset Benchmark Asian Local Currency Bond Awards 2023, Top Investment House (#4)-Singapore in The Asset Benchmark Asian G3 BondsAwards 2023.
As for its historical performance, Fullerton SGD Cash Fund is a cash management strategy that seeks a comparable return to SGD Bank Saving Deposits rate while managing short-term liquidity for investors. Looking at the historical returns of Fullerton Cash Fund from its inception in 2009 to Jul 2022, it can be noted that no negative monthly returns have been observed.
What is Fullerton SGD Liquidity Fund?
In a collaborative effort with Moomoo Cash Plus, Fullerton introduces an enhancement: the Fullerton SGD Liquidity Fund, featuring same-day SGD withdrawals. This money market fund invests primarily in high-quality Singapore government-related bills and bank deposits. Its distinct feature is the same-day settlement, which enhances liquidity compared to traditional cash management funds.For retail investors engaged in frequent trading, Fullerton SGD Liquidity Fund facilitates intraday liquidity to comply with stringent settlement timelines. The fund also offers the option to redeem full holdings, providing a degree of flexibility and reassurance regarding the accessibility of capital, subject to adherence to the dealing deadline and within the daily redemption limits set by the fund. The Fullerton SGD Liquidity Fund is slated for the exclusive launch to Moomoo Singapore investors on December 1, 2023.
Upgrades:
The fund stands out for its flexibility with T+0 Settlement. (applicable to trading days only)
There is no withdrawal limit for the fund.
Enhanced returns are provided. Investors can enjoy 30-day 5.8%* p.a. Guaranteed Returns. *Moomoo SG will reimburse the returns to 5.8% p.a. In case rewards if the selected fund returns are below 5.8% p.a. (Full T&Cs apply)
>>Learn more about Cash Plus on Moomoo SG
How can you trade Fullerton SGD Cash Fund on Moomoo SG?
With simply four steps, singapore investors can trade Fullerton SGD Cash Fund under Cash Plus.
Why consider Moomoo Cash Plus?
Moomoo Cash Plus is a cash management tool that assists investors in potentially earning returns on idle cash while providing greater flexibility. When you put your money into Moomoo Cash Plus, you have a choice of investing in different money market funds, such as Fullerton Cash Fund (Singapore Dollar) and CSOP USD Money Market Fund.
There are several reasons for you to consider Cash Plus on Moomoo SG
Idle cash appreciation
One of the benefits of Moomoo Cash Plus is that the funds have not seen any negative monthly returns to date. However, note that past performance is not indicative of future performance.
0 subscription, redemption and platform fees
The other benefit is that this is a low-cost investment option as subscription and redemption fees are zero.
Management fees will be charged by the fund company, which have been included in the net asset value (NAV) of the fund. For example, the Fullerton Cash Fund has an expense ratio of 0.15% for financial year ended 31 March 2022.
Ultra-low threshold
The threshold is 0.01 SG dollars and 0.01 US dollars to invest, which may be attractive for investors who want to start with a small amount.
Quick redemption
Moomoo Cash Plus is highly liquid. Invested funds can be redeemed in a timely manner to buy and sell stocks.
What are the risks of Moomoo Cash Plus?
Not capital guaranteed
Moomoo Cash Plus is not capital guaranteed. Cash Plus is mainly invested in money market instruments of high security. The fund house does not guarantee that the fund will be profitable, nor a minimum return.
Not insured under SDIC
Deposits into Moomoo Cash Plus are not insured under Singapore Deposit Insurance Corporation Limited (SDIC).