唉！ 果然钢筋本色，不明白也要拗！你说的长短期不同，同意
短期回报较高，长期回报很低，是不是说明回报不稳定？ 有没有可能
1）出现回报比平均回报低的时段或叫周期，甚至是负回报（也就是本金不保）的阶段？（NAV不变实际上是指的单位值吧，确认一下？）
2）只是用某个短时间的回报，吸引“投资人”的嫌疑？流动性好，风险低，本来就对应较低的回报
请如果投资的标的物的回报都比基金给出的回报低，基金怎么做到和维持高回报呢？ 庞氏？还是有部分可以用高回报（对应高风险）的收益来补？-不然怎么解释？
货币基金有规则限制，但并没有限制是单一货币，或者是本币投资吧。
本来，投资就该是一个风险平衡的配置过程，要求低风险高回报，只是一厢情愿。要高回报，就应该有承担高风险的觉悟， 光看回报，很容易被骗！
fundstatement 很聪明
Is the Fullerton SGD Cash Fund safe?
While the primary objective of the cash management fund is to achieve a return that is comparable to the SGD savings deposit rate, there is effectively still a chance that there could be a negative return in a single day in some extreme cases.
Investments into the Fullerton Cash Fund are not insured under Singapore Deposit Insurance Corporation Limited (SDIC).
Lastly, the returns of the Fullerton SGD Cash Fund may decline should interest rates start falling, as the bulk of the funds do not lock up the interest rates for more than a month. For example, we have seen that the 10-year return of the fund was just 1.10% per annum as of 31 July 2023.
As such, you may face re-investment risks should interest rates decline and you are not able to find investment opportunities that offer a return that meet your objectives.
Is the Fullerton SGD Cash Fund better than fixed deposit?
Based on the 7-day annualised return of 3.7698% as of 14 September 2023, the Fullerton SGD Cash Fund offers a better return compared to the best 12-month fixed deposit rate of 3.58% per annum in September 2023.
这个是不是用短期和长期比较？ 7天比和1年比，除了短暂的窗口以外，1个月，3个月或更长期都不高啊
关于Moomoo的5.8%，underlying是fullerton， 它是把钱都交给fullerton去投资了吗？ 多的部分自己不足
还是回报=fullerton 回报+一个固定的比例，应该问题一下
比如 5.8=3.7+2.1， 当 3.7变成 1的时候 回报就是3.1，应该问清楚或者看小字。。。。
While the primary objective of the cash management fund is to achieve a return that is comparable to the SGD savings deposit rate, there is effectively still a chance that there could be a negative return in a single day in some extreme cases.
Investments into the Fullerton Cash Fund are not insured under Singapore Deposit Insurance Corporation Limited (SDIC).
Lastly, the returns of the Fullerton SGD Cash Fund may decline should interest rates start falling, as the bulk of the funds do not lock up the interest rates for more than a month. For example, we have seen that the 10-year return of the fund was just 1.10% per annum as of 31 July 2023.
As such, you may face re-investment risks should interest rates decline and you are not able to find investment opportunities that offer a return that meet your objectives.
Is the Fullerton SGD Cash Fund better than fixed deposit?
Based on the 7-day annualised return of 3.7698% as of 14 September 2023, the Fullerton SGD Cash Fund offers a better return compared to the best 12-month fixed deposit rate of 3.58% per annum in September 2023.
这个是不是用短期和长期比较？ 7天比和1年比，除了短暂的窗口以外，1个月，3个月或更长期都不高啊
关于Moomoo的5.8%，underlying是fullerton， 它是把钱都交给fullerton去投资了吗？ 多的部分自己不足
还是回报=fullerton 回报+一个固定的比例，应该问题一下
比如 5.8=3.7+2.1， 当 3.7变成 1的时候 回报就是3.1，应该问清楚或者看小字。。。。
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