I have been hedging with both GXS Invest and Maribank SavePlus as they both has different strategy.
Perplexity's answer regarding the recent SavePlus dip, in several prompts:
The primary driver of the recent NAV fluctuation is the significant decline in Singapore government securities yields, particularly MAS (Monetary Authority of Singapore) Bills. The fund heavily invests in these short-term government instruments, which comprise a substantial portion of its portfolio.
Heavy concentration in MAS Bills: The fund holds multiple tranches of MAS Bills with various maturity dates.
Comparing GXS Invest, Fullerton SGD Cash Fund invests 64.73% in fixed deposits with reputable financial institutions, and remaining 35% primarily in MAS Bills (government securities.
If short-term rates reverse course in Q4, Lion-MariBank SavePlus is positioned to recover more visibly in NAV over the next three months due to direct reinvestment into higher-yielding bills and dynamic fund-of-fund allocations. In contrast, Fullerton’s NAV will remain stable with only incremental improvements, reflecting its conservative, deposit-locked strategy. Thus, by year-end, SavePlus stands a better chance of noticeable NAV recovery relative to the steadier but slower-moving Fullerton fund.