Frequently Asked Questions
Phillip Money Market Fund
What is SMART Park?
SMART Park is an excess funds facility that manages your account’s idle cash by tapping on money market funds. The money market funds invested are Phillip Money Market Fund for SGD, and Phillip US Dollar Money Market Fund A for USD.
What is Money Market Fund?
Money market funds consist of high quality, short-term instruments of 397 days or less. They include high quality government and corporate bonds, commercial bills and fixed deposits.
What can I do with SMART Park?
You are able to use the money in SMART Park for your shares payment or other investment purchases with POEMS. Money market fund units will be automatically redeemed from SMART Park with no additional instruction required.