Frequently Asked Questions
Excess Funds Management Facility (SMART Park)
What is SMART Park?
SMART Park is an Excess Funds Management facility within your POEMS account that grows your idle cash by investing it on a discretionary basis into the Phillip Money Market Funds, namely Phillip Money Market Fund for SGD, and Phillip US Dollar Money Market Fund A for USD. It aims to preserve principal value and maintain a high degree of liquidity while generating returns.
Other faq that might help you
- What are Phillip Money Market Funds?
- What can I do with SMART Park?
- How safe is my money with SMART Park?
- How do I subscribe to SMART Park?
- How do I deposit money into SMART Park?
- Can I withdraw anytime? How do I withdraw money from SMART Park?
- How is the return derived? How do I see how much I have earned from SMART Park?
- Is there a minimum balance to maintain in SMART Park?
- Are there any charges or fees imposed for SMART Park?
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