Money market funds a top draw for investors looking for safe havens for their cash

Fullerton Fund Management said the size of its Fullerton SGD Cash Fund has grown to $2.4 billion as at end-February. BUSINESS TIMES FILE PHOTO
New: Gift this subscriber-only story to your friends and family

SINGAPORE – In January and February 2023, data from investment research firm Morningstar showed a combined net flow of $99.7 million into money market funds domiciled in Singapore as investors looked for safe alternatives to park their money amid volatile markets and a high interest rate environment.

That sum represented 6 per cent of the total net flow of $1.6 billion for 2022, Morningstar data showed.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.