UOB Simple Invest

[revhappy]

Anyone also looking at Fullerton SGD Cash Fund? Seem fsm and a few platform sell them. UOB simply invest is 0.8% OCBC 0.88%. Think moomoo and fsm no sales charge. Hmm

You can use Endowus cash smart custom and buy the Fullerton cash fund or even the lion global enhanced liquidity fund or the lion global or uob money market fund. Or different combinations of these 4 funds for free.

 

[sohguanh]

You can use Endowus cash smart custom and buy the Fullerton cash fund or even the lion global enhanced liquidity fund or the lion global or uob money market fund. Or different combinations of these 4 funds for free.

LionGlobal Liquidity and Money Market I get exposed via Syfe Cash+
UOB Money Market I recently trial using UOB Simple Invest
Fullerton Cash Fund I know Endowus have but in the end I choose Poems for simple reason minimum investment as I am doing a trial. Endowus is 100. dollarDex 1000. Poems 1 <- yes 1 dollar so my choice is clear

 

[sohguanh]

Just to update it now after 19 days it is 3.69% annualised. Hope it can reach 4% after one month. Not sure recent SVB etc news will affect this fund or not. Considering to pump more in as it is not too bad vs those high yield savings account as part of diversification.

I also trial Fullerton Cash Fund on 13 Mar 2023. After 5 days it is 3.01% annualised. Again it is quite ok but same as UOB Cash Fund wonder about SVB etc news impact on this fund too.

 

[sohguanh]

Just to update UOB Cash Fund now after 26 days it is 3.11% annualised which reflect the recent trend.

Fullerton Cash Fund which I buy later it is now 3.24% annualised.

In summary both cash fund are within 3 - 3.5% range nowhere breaching 4%

 

[Compfix]

thank you..

 

[sohguanh]

Final update UOB Cash Fund now after 33 days it is 3.10% annualised

Fullerton Cash Fund which I buy later after 19 days is now 3.60% annualised. This look promising.

 

[sohguanh]

Final update UOB Cash Fund now after 33 days it is 3.10% annualised

Fullerton Cash Fund which I buy later after 19 days is now 3.60% annualised. This look promising.

Think of update after a while. It seem sometimes put longer period is good but still not as good as Fullerton Cash Fund and also 6 month T-Bill.

UOB Money Market Fund (I buy from inside UOB TMRW) now after 210 days is 3.55%. The transacted buy is at 27 Feb 2023 with $1000 test water amount.

 

[sohguanh]

Think of update after a while. It seem sometimes put longer period is good but still not as good as Fullerton Cash Fund and also 6 month T-Bill.

UOB Money Market Fund (I buy from inside UOB TMRW) now after 210 days is 3.55%. The transacted buy is at 27 Feb 2023 with $1000 test water amount.

With all FD TBill SSB rates coming down I relook at this UOB MMF. Till date is around 3.6-3.7% annualized. I believe this UOB fund has many classes with different mgmt fees. UOB itself sell is the lowest. The same UOB MMF at FSMOne is of higher class more fees so overall returns not as good.

Just suggesting if any readers looking for new lobangs as now all rates coming down.

 

[sohguanh]

With all FD TBill SSB rates coming down I relook at this UOB MMF. Till date is around 3.6-3.7% annualized. I believe this UOB fund has many classes with different mgmt fees. UOB itself sell is the lowest. The same UOB MMF at FSMOne is of higher class more fees so overall returns not as good.

Just suggesting if any readers looking for new lobangs as now all rates coming down.

Revisit this again. It has dropped to around 3.4-3.5% but everywhere is dropping. I miss out the GXS Boost this can be alternative with no fees.

Please note I am not promoting on behalf of UOB I am just sharing various lobangs now all rates dropping like flies.

Take note this UOB MMF is sold in many platforms even Endowus 0.21% expense but none is U class a special class with much lower expense 0.08% as UOB is running the fund themselves. The fund top holdings all mas bills.

Edit: Daily NAV in other platforms is not class U so you get lesser returns due to fees. Class U NAV get from uobam funds website.

 

[sohguanh]

Updates. Check 25 Sep to 25 Oct 2024
Class U 3.38% annualized (low expense ratio explain the difference)
Class A 3.15% annualized (most brokers including Endowus sell this class which has a higher expense ratio)

I check factsheet they also mas bills but can maintain why Mari Invest cannot. Fund manager just dump into LG Enhanced Liquidity and incur one more layer of fees. The fund manager earn liao let ppl earn ? His redeeming feature is instant withdrawal which can be done with eSaver too so Mari Invest has lost support from me until his fund returns buck up. Mari Invest minimum is $1 so put there.