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Moo Moo Cash Plus MMF
Hi all, I am thinking to invest some money into Moo Moo cash plus money market funds. There are three options:
- Fullerton SGD Liquidity Fund (current yield 3.14%)
- Fullerton SGD Cash Fund (current yield 3.27%)
- CSOP USD Money market Fund (current yield 4.75%)
What are your advice and opinions on the three funds available? The CSOP USD Money Market Fund has the highest yield by far, is the currency exchange risk a concern because the difference in yield should outweigh the fluctuations in currency exchange rate and give a higher return overall right?
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I will avoid currency risk with USD, especially with the lowering interest rate environment. I prefer the other two SGD MMF.
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Unless you are confident that USD is going to appreciate/stable, i wouldn't recommend taking the risk.
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I think USD money market yield around that figure. Have to consider currency risk in this case. I just put all in Fullerton SGD cash fund.
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It's a risk investment although the risk rate is low...
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Usd higher risk