CSOP USD Money Market Fund Wrap – 20230828
- According to the general belief, theextensive monetary tightening cycle is nearing its end. The pricing in the futures market indicates an anticipation that policymakers willmaintain interest rates during their meeting on September 19-20, with a33% probability of a 0.25% increase in November.
- During the Jackson Hole Conference, Jerome Powell stated thatthe Federal Reserve would approach the decision of raising interest rates again with caution, while also indicating that the policy stance will remain tighter for an extended period.
- We expect $CSOP USD Money Market Fund(SGXZ96797238.FD$ to continue to deliver stable yield. As of 20230825, the fund has gross yield at 5.67%^ and net yield at 5.30%.
Source: CSOP, Bloomberg, Bureau of Labor Statistics as of 20230828. ^ 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.”
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AamirJamal : If "CSOP USD Money Market Fund Wrap – 20230828" refers to a report, document, or specific financial product, you may want to check with the relevant financial institution, investment management company, or fund provider for detailed information. Contacting customer service, accessing the official website Albany Web Design , or checking financial news sources might be helpful in obtaining the specific details you are looking for.
khalisthingscoffee : 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.”