CSOP USD DROP TO 4.6%
$CSOP USD Money Market Fund(SGXZ96797238.SG$ what happen to this fund actually? Suddenly drop to 4 something.
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103875778 : Today is a public holiday in Singapore, but the app seems to regard today as a trading day to determine that the net value has “not changed,” but in fact, the fund is accumulating interest today plus the weekend and the 9.4 US holiday, so the 9.5 net worth will reflect these changes over and over again. If I understand correctly, today's interest rate should not actually use the previous day's net value during the holidays, but should wait until 9.5 fund transactions resume to update the 7-day yield and accumulate new net value over the weekend+vacation.
vgxsy 103875778: Thanks for the explanation
Radin AhmadOP 103875778: Great detail, thanks for the info mate
Moo_Rich : Hi @Radin Ahmad ! Sorry for delayed response. Due to the interim closure of markets on Friday, the displayed rate of return may have experienced a temporary decrease. However, it will return to normal after the Net Asset Value is updated tomorrow, which will not affect your actual returns. We apologize for the inconvenience caused. Thanks for your support and understanding always!