CSOP USD Money Market Fund Wrap – 20230703
- Last week, Wall Street got more signs the Fed’s war against inflation isn’t breaking the economy— or at least not yet — with traders sending Treasury yields soaring amid bets on further tightening. Bonds sold off across the curve, with 2Y yields jumping to 4.9% and yield curve inversion intensifying. Swap markets now indicate a nearly 50% chance of a second Fed hike by year-end.
- Likewise,the market seems to remain persistent with strong labor market and the largest surge in housing demandas evidenced by: May’s US new home sales (12.2% m/m increase), US MBA mortgage application (3% for week of 23rd Jun, high than prior of 0.5%) and lower US initial jobless claims for the week of 24th Jun.
- We expect $CSOP USD Money Market Fund(SGXZ96797238.FD$ to deliver stable or higher yields if the Fed continues to hike. As of 20230630, the fund has gross yield at 4.99%* and net yield at 4.64%.
* Gross yield is based on annualized yield of underlying holdings. 7-day net yield is calculated based on calendar days and NAVs in 5 decimal.
Disclaimers
“The investment product(s), as mentioned in this document, is/are registered under section 286 of the Securities and Futures Act (Cap. 289) of Singapore (the “SFA”).This material and the information contained in this material shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions.
CSOP Asset Management Pte. Ltd. (“CSOP”) which prepared this document believes that information in this document is based upon sources that are believed to be accurate, complete, and reliable. However, CSOP does not warrant the accuracy and completeness of the information, and shall not be liable to the recipient or controlling shareholders of the recipient resulting from its use. CSOP is under no obligation to keep the information up-to-date. The provision of this document shall not be deemed as constituting any offer, acceptance, or promise of any further contract or amendment to any contract. The information herein shall not be disclosed, used or disseminated, in whole or part, and shall not be reproduced, copied or made available to others without the written consent of CSOP.
Advice should be sought from a financial adviser regarding the suitability of the investment and/or investment product before making an investment. Investment involves risk. The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not necessarily indicative of future performance. Investor should read the prospectus and product highlights sheet, which can be obtained on CSOP website or authorized participating dealers, before deciding whether to invest. This document has not been reviewed by the Monetary Authority of Singapore.”
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
The official account of CSOP Asset Management
Dedicated to providing ETFs/ETPs to global investors
An ETF leader in Asia
1336Followers
6Following
37KVisitors
Follow
Dan57moo : we as part of this team as I call it family, will be part of this great coming future economic lasting and mutually beneficial alliance with the profit investment growth of this moment, I would like to help you with the following information about the profit investment growth and development services to help needy person who is here at the utown to the central heating radiator and dropoff point was that I can have to come in and out from under the impression that you have a great day ahead and send it up to the boys who are sharing the profit investment growth and success of this moment, I would like to help others who may have been working for a few years back and forth between the two most important thing is I will place the following information about the profit investment growth and success in the sense that I will be ready to help others, thank you.