Fidelity UCITS II ICAV - Fidelity Enhanced Reserve Fund A-MINCOME(G)-SGD Hedged?
I was told that interest is 3% annually and principal fluctuates +/- 1% annually. Your thoughts? For a retiree.
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Terrible unit trusts. Price fell over 3% since Jan 2021.
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What you told is true. Normally fixed income unit trust fluctuates very little. if u are not chasing...
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Not only did the price fall by 3%, the interest per unit fell from $0.0258 per unit in March 2021 to the current $0.0176 per unit or a 32% drop. I have yet to see an explanation from the fund manager for the poor performance. One should avoid this fund,