This fund is not t+0 to your bank account, very sneaky becareful
they advertise this as t+0, but usually only post it close to 7.30pm SGT, and somehow the withdrawal will be “processing” overnight. even though withdrawal bank account is whitelisted for egiro, thus 1 night of interest is being shortchanged.
the compeittor which rhymes with mecool has immediate withdrawals. dont recommend 👎
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TLim77 : Haha. They haven't return me back my money I redeem 2 nights ago. I only got it in my acc yest evening and I submitted my withdrawal. Wander what time I will recv in my bank acc today. Definitely something investors need to take note of if they want to park their emergency funds. If not urgent, may as well park in Cash Fund for slightly higher interest I guess.
101726923 : mecool?
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 TLim77: 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.