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Fund objective

This Fund aims to provide liquidity to investors and provide a return comparable to that of Singapore-dollar savings deposits. The Fund will predominantly hold its assets in Singapore-dollar deposits with eligible financial institutions as defined in the Money Market Funds Investment Guidelines (“Eligible Financial Institutions”), with varying terms of maturity of not more than 366 calendar days.

  • NAV
Export historical fund price

Returns

1 mth
 
1 yr
 
3 yrs
(p.a)
5 yrs
(p.a)
10 yrs
(p.a)
Since inception
(p.a)
Offer-bid0.1%0.7%0.6%0.4%0.5%0.6%
Bid-bid0.1%0.7%0.6%0.4%0.5%0.6%
Benchmark0.0%0.1%0.1%0.1%0.1%0.1%

Returns (%) as of 31-Oct-2017

(p.a.): per annum. Source: Eastspring Investments (Singapore) Limited. Returns are based in SGD and computed on bid-bid basis with net income reinvested, if any. Offer-bid is inclusive of sales charge which is subject to changes. Since inception returns for periods less than a year are not annualised. Calendar year returns are based on the share class performance for the year, and if the share class was incepted during a particular year, the returns shown relate to the performance of the share class since its inception to the end of that calendar year.


Past performance and the predictions, projections, or forecasts on the economy, securities markets or the economic trends of the markets are not necessarily indicative of the future or likely performance of Eastspring Investments or any of the funds managed by Eastspring Investments. There are limitations to the use of indices as proxies for the past performance in the respective asset classes/sector.

Refer to the factsheet for more details about the fund's performance.

Fund facts

  • Asset class Others
  • Class N.A
  • Inception date 23 Jan 2007
  • Base currency SGD
  • Benchmark index

    SGD Savings Deposits rate

  • Ratings

    Morningstar rating*:No rating

  • Subscription methodCash,SRS
  • ISINSG9999003511
  • Initial sales charge0%
  • Annual management fees0.32%
  • Minimum initial investmentSGD 500
  • Minimum subsequent investmentSGD 500
* Rating should not be taken as a recommendation. © 2016 Morningstar. All rights reserved.

Fund managers

  • Wei Ming Cheong
    Portfolio Manager
    Wei Ming Cheong

    Wei Ming Cheong joined Eastspring Investments (Singapore) Limited, the Asian asset management business of Prudential plc, as Portfolio Manager, in November 2005.
     
    Wei Ming is part of the Fixed Income team and is responsible for managing Singapore and Indonesia single-country portfolios.
     
    Prior to joining Eastspring Investments, Wei Ming was a Senior Dealer in China Construction Bank. He was handling asset-liability management, foreign exchange, and helped to manage the bank’s ACU / DBU fixed income book.
     
    Wei Ming holds a Master degree in Finance from RMIT, Australia, and a Bachelor of Accountancy from Nanyang Technological University, Singapore.

    Investors should note that the purchase of a unit in the Fund is not the same as placing funds on deposit with a bank or deposit-taking company. Although Eastspring Investments (Singapore) Limited may seek to maintain or preserve the principal value of the Fund there can be no assurance that the Fund will be able to meet this objective. The Fund is not a guaranteed fund, in that there is no guarantee as to the amount of capital invested or return received.

    This document is solely for information and may not be published, circulated, reproduced or distributed in whole or part to any other person without the prior written consent of Eastspring Investments (Singapore) Limited (“Eastspring Singapore”) (Company Reg No. 199407631H). This document is not an offer, solicitation of an offer, or a recommendation to transact in the investment units in the Fund. The information contained herein does not have any regards to the specific investment objectives, financial situation or particular needs of any person. A prospectus in relation to the Fund is available and a copy of the prospectus may be obtained from Eastspring Singapore and its distribution partners. Investors should read the prospectus and seek professional advice before making any investment decision. In the event that investor chooses not to seek advice, he should consider carefully whether the Fund in question is suitable for him. The value of units in the Fund and the income accruing to the units, if any, may fall or rise. Past performance of the Fund/Manager is not necessarily indicative of the future performance. Any prediction, projection or forecast on the economy, securities markets or the economic trends of the markets targeted by the Fund is not necessarily indicative of the future performance of the Fund. An investment in the Fund is subject to investment risks, including the possible loss of the principal amount invested. Whilst Eastspring Singapore has taken all reasonable care to ensure that the information contained in this document is not untrue or misleading at the time of publication, Eastspring Singapore cannot guarantee its accuracy or completeness. Any opinion or estimate contained in this document is subject to change without notice.

    The Fund/ underlying Fund(s) may use derivative instruments for efficient portfolio management and hedging purposes.

    Distributions are not guaranteed and may fluctuate. Past distributions are not necessarily indicative of future trends, which may be lower. Distribution payouts and its frequency are determined by the Manager, Eastspring Singapore, and can be made out of (a) income; or (b) net capital gains; or (c) capital of the Fund or a combination of (a) and/or (b) and/or (c).  The payment of distributions should not be confused with the Fund’s performance, rate of return or yield. Any payment of distributions by the Fund may result in an immediate decrease in the net asset value per unit.

    The preceding paragraph is only applicable if the Fund intends to pay dividends / distributions.

    Eastspring Singapore is an ultimately wholly-owned subsidiary of Prudential plc of the United Kingdom. Eastspring Singapore and Prudential plc are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.

This website is intended for Singapore investors only. If you are not a Singapore investor, please visit one of our Eastspring websites by selecting the appropriate country above.

Eastspring Investments (Singapore) Limited ("Eastspring") is an ultimately wholly owned subsidiary of Prudential plc of the United Kingdom ("Ultimate Parent Company"). Eastspring and its Ultimate Parent Company are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America. Prudential plc, incorporated and with its principal place of business in England, and its affiliated companies constitute one of the world's leading financial services groups and has been in existence for over 166 years. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world.

 

Copyright © 2012 Eastspring Investments (Singapore) Limited. All rights reserved.