What is Money Market Fund (MMF)?
An open-ended mutual fund that invests in short-term (less than 1-year), and low risk debt securities for liquidity. It is a low risk place to park your cash awaiting investments.
Phillip Money Market Fund (PMMF) aims to preserve principal value and maintain a high degree of liquidity while producing returns comparable to that of Singapore Dollar savings deposits. The Fund will invest primarily in short term, high quality money market instruments and debt securities. Such investments may include government and corporate bonds, commercial bills and deposits with financial institutions.
The PMMF diversifies investments across deposits of varying tenures to enhance return. For a detailed breakdown of the current portfolio, please read the factsheet.
How do I invest in PMMF?
You can opt-in for PMMF through the Excess Funds Facility (SMART Park). Excess funds in your trading account with a minimum balance of $100 will be automatically invested into the Phillip Money Market Fund.
This facility is available for Cash Management Account, Prepaid Account, Margin Account, Custodian Account and Cash Plus Account.
Alternatively, you can buy into PMMF on POEMS.
What is Money Market Fund (MMF)?
An open-ended mutual fund that invests in short-term (less than 1-year), and low risk debt securities for liquidity. It is a low risk place to park your cash awaiting investments.
Phillip Money Market Fund (PMMF) aims to preserve principal value and maintain a high degree of liquidity while producing returns comparable to that of Singapore Dollar savings deposits. The Fund will invest primarily in short term, high quality money market instruments and debt securities. Such investments may include government and corporate bonds, commercial bills and deposits with financial institutions.
The PMMF diversifies investments across deposits of varying tenures to enhance return. For a detailed breakdown of the current portfolio, please read the factsheet.
How do I invest in PMMF?
You can opt-in for PMMF through the Excess Funds Facility (SMART Park). Excess funds in your trading account with a minimum balance of $100 will be automatically invested into the Phillip Money Market Fund.
This facility is available for Cash Management Account, Prepaid Account, Margin Account, Custodian Account and Cash Plus Account.
Alternatively, you can buy into PMMF on POEMS.
