Endowus has selected the Fund for its diversified exposure to high-quality debt and money market instruments, generating a slightly higher yield than the deposit rate while keeping a very safe portfolio.
Fund Objective: Seeks to provide a return which is comparable to that of Singapore dollar short-term deposits by investing primarily in both SGD and non-SGD denominated high-quality debt securities and money market instruments worldwide.
Suitability: Investors who seek a return comparable to that of SGD short-term deposits, and are comfortable with the risks of investing in a money market fund.
* 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 Inception: 7 June 2018
Share Class Inception: 20 September 2018
Benchmark: 3-Month Bank Deposit Rate (Endowus typically usess the Bloomberg Barclays Global Aggregate fixed income index as a representative index to benchmark performance over the long term.)
Fund AUM: SGD 414m
Source: MorningStar as of 25 May 2021. Please refer to the FMC page for the most updated AUM.
Endowus has selected the United SGD Money Market Fund for its diversified exposure to high-quality debt and money market instruments, which generates a slightly higher yield than the deposit rate while keeping a very safe portfolio profile and daily liquidity. Most of the Fund’s allocation is to Singapore government bills, and its high quality has been effectively proven a strong downside protection -- during the market volatility of March 2020, the Fund experienced its largest drawdown since inception of only -0.11%, and recovered in 50 days.
Updated by Endowus: June 2020
Past performance should not be taken as an indication or guarantee of future performance and no representation or warranty, express or implied, is made regarding future performance. Any opinions expressed reflect a judgment at the original date of publication by us and are subject to change without notice.
The prospectus, profile statement, product highlight sheet, fund factsheet or other offer or product documents may contain references about the expected risk tolerance of their target investors. These are in no way indicative of how we at Endowus have assessed your risk tolerance based on your stated objectives and financial situation. Endowus accepts no responsibility for investment decisions made in response to the expected risk tolerance levels mentioned in the product or offer documents.