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Money market funds a top draw for investors looking for safe havens for their cash
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Fullerton Fund Management said the size of its Fullerton SGD Cash Fund has grown to $2.4 billion as at end-February.
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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.
