2023 |
- The fund provides investors with liquidity and a comparable return to the Singapore Dollar Banks Saving Deposits rate.
- The fund invests SGD deposits of varying maturity tenures ranging up to 1 year. The fund can allocate up to 10% of its Net Asset Value in deposits between 1 to 2 years and may also purchase other permissible liquid instruments like Singapore MAS bills to capture higher yields when situation permits.
- To diversify risks, the fund manager utilises a wide choice of 20 counterparties which spans across geographical regions and works closely with the risk team to regularly monitor counterparty exposures, credit rating and risk signals.
- Looking forward, with the anticipation of the peaking of the market rates, the fund manager has started to increase weighted average maturity (WAM) to capture higher yield differentials. It will also extract alpha by identifying opportunities across tenors, allocating between fixed deposits and MAS Bills, and understanding banks’ asset liability management (ALM) needs.
Fund Investment Style
Source: Bloomberg Finance L.P., iFAST
Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2023
|
Recommended fund |
3-year Annualised return |
3-year Maximum drawdown |
3-year Downside Deviation |
3-year Sortino ratio |
|
Fullerton SGD Cash Fund Class A (SGD) |
1.1% |
0.0% |
0.0% |
N/A* |
|
Peer Average |
1.0% |
-0.1% |
0.0% |
N/A* |
*The
fund has no drawdown and downside deviation for the past 3 years
Source: Bloomberg Finance L.P., iFAST Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2023
About the Fund Managers
Darren Tay, Head of Treasury Management is the lead portfolio manager for the Fullerton SGD Cash Fund. Dilys Loi, Director of Treasury Management, is the co-portfolio manager. Darren has been managing the Fund since its inception in February 2009 and is supported by a team of nine in the investment team with 18 years of investment experience on average.
The Fund’s investment style focuses on providing liquidity and a competitive yield. It also aims to provide investors with liquidity and a return that is comparable to that of the Singapore Dollar Banks Saving Deposits rate.
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