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In The Money
Money market funds are gaining traction in Singapore, with returns from 2.5%
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There is an increasing appetite for money market funds as a place to park idle cash.
ST ILLUSTRATION: CEL GULAPA
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SINGAPORE – Investors often forget that apart from stocks and bonds, there is a third key building block to a diversified investment portfolio – cash. Holding too much or too little of any of them will affect your investment goals.
Everyone holds cash for various reasons, including emergencies or for the right opportunity to deploy it. Unfortunately for the majority, cash is left accumulating in their banks because they do not know what to do with it or fear losing the hard-earned money.
