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Syfe Cash+ overview

• How does Syfe Cash+ portfolio work?

  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.

   

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• How does Syfe Cash+ compare with other cash management options like savings accounts?

  Unlike most bank savings accounts, there is no need to meet any qualifying criteria such as salary credits and / or credit card minimum spending to earn more returns on your savings.

  When you invest in Syfe Cash+, the Cash+ projected return of 3.3% p.a. applies to all your funds, with no additional criteria you must fulfil. However, Cash+ is not a savings account. Cash+ is an investment product that is invested in low-risk bond funds and is not capital guaranteed. All investments carry risks and past performance is not necessarily indicative of future performance.

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• Why shouldn't I invest in Cash+ funds myself instead of having Syfe invest on my behalf?

  
  Syfe invests your funds into the institutional share class of the underlying funds which retail investors do not normally have access to. The institutional share class of these funds have lower management fees and expense ratios, thus making it more cost-effective.

  On top of that, we do not charge any management fee on our Cash+ portfolios, and any fund-level rebates we receive are passed on to clients. These added savings meaningfully enhances the net returns you receive from your Cash+ portfolio.

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• How much does Syfe Cash+ cost?

  Syfe does not charge any management fees for Cash+, neither are there fees for transferring and withdrawing funds or fall-below fees.

  While there are fund-level fees of 0.29% that LionGlobal charges, any rebates Syfe receives from them will be credited back to you. The resulting net fund-level fee is already included in the calculation for the projected return Cash+ offers.

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• Is Syfe Cash+ safe? Is it insured by Singapore Deposit Insurance Corporation (SDIC)?

  Syfe Cash+ is a diversified investment portfolio of money market and short duration bond funds that is generally considered very low risk. This is because the funds have underlying holdings in safe, low-risk assets such as institutional deposits, government and high-quality corporate bonds.

  Additionally, you can choose to withdraw your money at any time with no exit penalties.

  While Cash+ is not insured by Singapore Deposit Insurance Corporation (SDIC), it offers broader diversification and relatively higher returns compared to bank deposits. The base interest rate for most bank savings accounts is 0.05% p.a. while the projected return for Cash+ is 3.3% p.a.

  Furthermore, all client funds in Syfe Cash+ are held in a separate custodian account with HSBC Institutional Trust Services (Singapore) Limited. This means that Syfe will never be able to use your funds for any reason, and that your funds remain safe even if Syfe stops operating because they are held separately from Syfe assets. Learn more here.

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• How are the projected returns for Syfe Cash+ calculated?

  Syfe Cash+ holds a 30% allocation to Lion Global SGD Money Market Fund (MMF) and a 70% allocation to Lion Global SGD Enhanced Liquidity Fund (ELF). Lion Global provides Syfe with the amortised yields of each fund. 
  
  As such, the Gross Projected Return for Cash+ is calculated as such:

  30% of the amortised yield for MMF + 70% of the amortised yield for ELF = Gross Projected Return

  

  The Projected return of 3.3% p.a. is derived as such:

  Gross Projected Return - Fund Fees (charged by Lion Global) + 100% Trailer Fee Rebates - Syfe Management Fee
  
  Syfe does not charge any management fees for Cash+, thus:

  Cash+ projected return = 3.45% - 0.28% + 0.13% - 0% = 3.3%
  

  The projected return for Syfe Cash+ may fluctuate based on the performance of the underlying funds. Where applicable, Syfe may optimise the fund allocation to deliver the best-projected return possible in a given interest rate environment. We will keep you informed should there be a change in the projected return.

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