Fund Rationale: LionGlobal SGD Money Market Fund

LionGlobal SGD Money Market Fund
SGD Class I Accumulation (ISIN: SG9999002760)
Fund Manager Page
Daily Price & Charts

Endowus has selected the Fund for its exposure to high-quality short-term money market instruments and debt securities, providing a return higher than fixed deposit rates offered by banks while maintaining high liquidity and low risk.

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Key Information

Fund Objective: Aims to manage liquidity and risk while looking to provide a return which is comparable to that of SGD short-term deposits by investing in high quality short-term money market instruments and debt securities.

Suitability: Investors who are looking for liquidity, and are seeking for a return which is comparable to that of SGD short-term deposits.

Cost:

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* Total Fund-level Fees include fund management fee of 0.25%.

** Endowus does not charge a preliminary sales charge or any other additional fees, other than the all-in Endowus Access Fee. 

Fund Characteristics

Fund Inception:  1 November 1999

Share Class Inception: 1 November 1999
Benchmark: 1-Month SGD Interbank Offered Rate less 0.25% (Endowus typically uses the Bloomberg Barclays Global Aggregate fixed income index as a representative index to benchmark performance over the long term.)  

Fund AUM: SGD 518m

Source: MorningStar as of 30 April 2021. Please refer to the FMC page for the most updated AUM.

Selection Criteria

Endowus has selected the LionGlobal SGD Money Market Fund for its exposure to high-quality short-term money market instruments and debt securities. The resulting portfolio has a minimum weighted average credit rating of A- and maturity of 6 months or less, providing a return higher than fixed deposit rates offered by banks while maintaining high liquidity and low risk.

Moreover, Incepted back in 1999, the Fund has a proven track record of consistent capital protection during times of market downturn, weathering through several stress events like the Global Financial Crisis in 2008 when it had only experienced a drawdown of -0.5%. The Fund is managed by Goh San San, who leads the Asian local currency strategy team at LionGlobal, and brings over 26 years of experience in fixed income strategies.

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Updated by Endowus: June 2021

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Investment involves risk. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Past performance is not an indicator nor a guarantee of future performance. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

Please note that the above information does not purport to be all-inclusive or to contain all the information that you may need in order to make an informed decision. The information contained herein is not intended, and should not be construed, as legal, tax, regulatory, accounting or financial advice.