I was reading up more about these as well, its quite interesting:
A money market fund is a kind of mutual fund that invests only in highly liquid near-term instruments such as cash, cash equivalent securities, and high credit rating debt-based securities with a short-term, maturity—less than 13 months, such as U.S. Treasuries. As a result, these funds offer high liquidity with a very low level of risk.
My question to Sam and EndowUs would be actually why would I not want to make the investment into LionGlobal SGD Enhanced Liquidity instead on my own..
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Hi David, thanks for looking at our CashSmart product. Our projected yields for Cash Smart Core is 0.9 to 1.1%, and Cash Smart Enhanced is 1.7% to 2.0%. Stashaway Simple I was told just revised theirs down to 1.4%. This is all normal. Our numbers are constantly updated to reflect the latest projected yields. Just as banks adjust their deposit rates down or up depending on the interest rate cycle, our cash management solution, Cash Smart has projected yields that fluctuate over time based on market conditions. We have transparently provided the latest projected yields on our website here, and our FAQ section, which also has our monthly numbers updated at least once or twice a month depending on movements in projected yields. We also constantly track the projected yields on a weekly basis and try to update them as often as we can to be transparent by working with our partners and we will keep updating them transparently if there are any changes.
When you invest in Endowus enhanced cash smart, you are effectively investing 50% in the LionGlobal ...
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