This is a type of unit trust fund that invests in low-risk investments with an element of stable returns such as fixed deposit accounts, treasury bills or in a commercial bond. A money market fund invests mainly in fixed income securities with short investment duration and high credit quality.
Effective Annual Yields
1 - 31 August 2023 | 9.59% | Apr – Jun 2023: 9.46% | Jan – Jul 2023: 9.17%
Highest price 2022: 10.34% | Lowest price 2022: 5.91%
1 year: Jan 2022 – Dec 2022 - 7.84% | 3-year: Jan 2019 – Dec 2022 - 8.57% | 5-year: Jan 2017 – Dec 2022 - 8.74%
The effective annual yield is net of fees and gross of withholding tax. Past performance does not guarantee future investment performance as yields may vary depending on market, political and economic circumstances. In certain circumstances the right to redeem units may be suspended. The Capital Markets Authority does not take responsibility for the financial soundness of the scheme or for the correctness of any statements made or opinions expressed in this regard.