Frequently Asked Questions

Excess Funds Management Facility (SMART Park)

 How safe is my money with SMART Park?

The investment mandate of SMART Park’s underlying fund, Phillip Money Market Fund, is to preserve the fund’s principal value and maintain a high degree of liquidity while producing returns comparable to that of savings deposits. It is required by this mandate to invest only in its intended currency. Thus, the fund is not allowed to take any currency risks.

Though the Phillip Money Market Fund is not principal guaranteed, it has not experienced any default since inception in 2001. The fund’s credit management process is designed to select the highest quality debt issued by the highest quality companies, while managing liquidity of the Fund.

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