moomoo cash plus
$Fullerton SGD Cash Fund(SG9999005961.MF$ have earned a decent amount for me and it has a higher interest rate than the banks' FD. I am rather a conservative investor and would only action when the stock is really get into my eyes. During the hunting period, the idle cash can be placed in cash plus to generate returns on daily basis. I did not get a lot of returns because occasionally I will withdraw the fund to raise cash to buy some equities but overall it is still quite decent to me.
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102450082 : Is Moomoo safe and reliable? Is there any insurance? Or is there anyone that guarantees it?
102450082 杰曼OP: Thank you
Dadacai 102450082: There is no SDIC coverage as this is not a bank deposit and neither Fullerton nor moomoo has a bank licence. However most of the underlying assets in the Fullerton fund are SGD bank deposits so it should be pretty safe (though not zero risk). Under MAS rules, clients’ funds and assets are segregated from the stockbroker’s money and assets. If you invest in a unit trust, the assets of the unit trust are held separately on trust by a trustee appointed by the respective fund houses. Seviora Group which is a wholly-owned subsidiary of Temasek Holdings owns 51% of Fullerton. Income Insurance owns 49% of Fullerton. This is not financial advice.
102450082 : Thank you so much for your answers