Syfe Cash+ is a cash management portfolio that serves as an alternative to keeping cash in fixed deposits and savings accounts. It delivers a projected return of 3.3% p.a., net of all fund expense ratios.
When you invest in Syfe Cash+ portfolio, Syfe diversifies your funds in the following two LionGlobal funds:
- LionGlobal SGD Money Market Fund (30%)
Invests in safe, short-term, low-risk debt funds like government and corporate bonds and deposits with financial institutions.
- LionGlobal SGD Enhanced Liquidity Fund (70%)
Diversifies your portfolio with multiple debt instruments across various issuers and tenures while maintaining a weighted average credit rating of A- and a weighted average maturity of 12 months.
Click here for more details regarding the Syfe Cash+ portfolio.
Cash+ has no lock-up period or limits. Syfe also does not charge any management fees for Cash+, neither are there fees for transferring or withdrawing funds or fall-below fees.
Kindly note that as Cash+ is invested in very low-risk bond funds, it is not capital guaranteed.
How do I receive the returns from my Cash+ portfolio?
Once your funds have been invested into the Cash+ portfolio, we will update your portfolio value according to the most recent market prices of the underlying securities. Learn more about our portfolio update timing here.
As such, any returns earned will be automatically reflected in your Cash+ portfolio value.
When you place a withdrawal request, you can choose to withdraw the total amount held in your Cash+ portfolio, including all returns earned. Kindly note that once a withdrawal request is submitted, we will sell off your assets within 1-2 working days at their prevailing market prices at the point of selling.
Should you opt to stay invested, you can let your returns compound to grow your cash more quickly.