$Fullerton Fund - Fullerton SGD Liquidity Fund (SGXZ40088619...
woah.. they corrected the NAV for 10/1. it is now positive 😂
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lhgoh97 : will there be any reversal made? @Moomoo SG
Soo L Yun lhgoh97: i saw they made adjustment by deposit into your universal account. not sure it is from Fullerton liquidity fund because it doesnt mention which fund in the remark. but probably is from this fund because this is the only fund that i notice change in NAV.
correct? @yooooz
romrom : Adjusted return reflected
yoooozOP : the return has been reflected today 11/1.
I am not sure if Moomoo backdate the return to 10/1 for investors who withdraw the funds yesterday. If they didn’t backdate, they should do it.
Soo L Yun yoooozOP: i recalculate. they didnt. I withdraw quite a lot also. not only lost on the adjusted amount, also lost for the 5.8% as i forgot that im guaranteed with it. worry too much haizzzx
yoooozOP Soo L Yun: I can understand your worries. Because you want to preserve your capital. You never know the fund might be negative for the next few days until the NAV goes below 1 which eats into your capital. Moomoo guarantee 5.8% but dont guarantee your capital. For example, if your capital becomes 0, it will be 5.8% x 0
But honestly, i dont see how a cash fund can go below NAV of 1 unless we are living in a negative interest ratr environment, which we are far from it.
TLim77 Soo L Yun: U can check your countdown timer at the promo page see how many days left. If still many days, can always deposit back.
Soo L Yun TLim77: Yes. but when we withdraw it seems like the money is transferred to you universal account but actually it is not. I can see the value in my universal account, but i cant use it to buy back the same fund. I have to wait until i received a notification the next day saying the fund is credited successfully to your account then only i can buy back. So which means whenever you withdraw, you gonna lose 1 day of interest at least. For some other fund, it took even longer since this is the liquidity fund.
Moo_Rich : Dear Client,
Due to an incorrect pricing of a security held by the Fullerton SGD Liquidity Fund, the net asset value of the fund was underestimated on January 10, 2024. The net asset value of the fund has now been corrected, and we have compensated affected investors.
- If you invested in the fund on January 10, 2024, you will not be affected by the underestimation of the net asset value, and the number of shares you purchased will not change.
- If you redeemed the fund on January 11, 2024, and received a lower redemption return due to the underestimated net asset value, we have compensated affected holders for the difference between the underestimated and correct net asset values, which has been credited to your Universal Account. You can view the compensation amount in the fund details.
We apologize for any inconvenience caused and appreciate your understanding and support. If you have any questions, please do not hesitate to contact the moomoo team.
Thank you.
Moo_Rich Soo L Yun: Dear Client,
Due to an incorrect pricing of a security held by the Fullerton SGD Liquidity Fund, the net asset value of the fund was underestimated on January 10, 2024. The net asset value of the fund has now been corrected, and we have compensated affected investors.
- If you invested in the fund on January 10, 2024, you will not be affected by the underestimation of the net asset value, and the number of shares you purchased will not change.
- If you redeemed the fund on January 11, 2024, and received a lower redemption return due to the underestimated net asset value, we have compensated affected holders for the difference between the underestimated and correct net asset values, which has been credited to your Universal Account. You can view the compensation amount in the fund details.
We apologize for any inconvenience caused and appreciate your understanding and support. If you have any questions, please do not hesitate to contact the moomoo team.
Thank you.
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