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Compounding frequency?

$Fullerton SGD Cash Fund(SG9999005961.MF)$  are our holdings compounded daily?
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  • Moomoo Lily : Hi, @moomoo Buddy Please assist. Thanks!

  • Moomoo Buddy : Dear valued customer, For cash management funds, gains are usually updated on each fund trading day. Gains generated during weekends and holidays will be accumulated and distributed on the next trading day. For the time when a fund’s gains for the next trading day of a weekends or holiday (including gains for the weekend or holiday itself) are distributed, please refer to the following rules:
    Fullerton SGD Cash Fund: The gains will be distributed on the second trading day after the weekend or holiday. If you redeem the fund before 12:00 p.m. on the first trading day after the weekend or holiday, you will not get the gains. Any questions please contact our live chat agents through the app via Me > Customer Service. Thank you and have a good day!

  • 9430 Moomoo Buddy: I think what he was asking is if the holding is compounded daily and not if the interest generated will be given out on a daily basis. For example, if I have $1 invested, and have earned an interest of 0.01 cent, on the second day, will it be compounded as $1.01 or still as $1.

  • 102617005OP 9430: Thanks 9430 haha yes that’s exactly what I was asking

  • meowmeow66 : no compounded daily I think

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