Phillip Capital Management (S) Ltd is pleased to inform you that Phillip Money Market Fund (“PMMF”) has hit a significant milestone of reaching SGD $1 billion in asset-under-management (“AUM”) during the first quarter of 2020.
In the similar period, we have seen how markets went into risk-off mode and investors rushed for safety just as the COVID-19 escalated into a global pandemic. This gives us the indication that more investors are embracing PMMF for its high defensiveness.
Their latest article is about the value that PMMF brings, with a past case study involving a government agency parking its excess daily cash flow into the fund.
To find out more, please read the full article.
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