Fund Facts

Investment Objective

To provide a return which is comparable to that of Singapore dollar short-term deposits.

Annualised Performance (%)

1 Year 3 Year 5 Year 10 Year
3.39% 1.31% - -

Weighted Average Yield to Maturity ⓘ
3.60%

Top 5 Holdings (%)

MAS BILL BILLS 09/23 0.00000 17.36%
MAS BILL BILLS 10/23 0.00000 8.99%
MAS BILL BILLS 11/23 0.00000 8.99%
SINGAPORE T BILLS BILLS 12/23 0.00000 8.94%
MAS BILL BILLS 10/23 0.00000 8.08%

Management Fees
0.15% p.a.

Minimum Investment
SGD 1.00

Withdrawal
One Business Day

ⓘ Weighted Average Yield to Maturity (WAYM) is a financial measure that calculates the average return an investor can expect from a collection of bonds, factoring in their yields and market values. It provides insight into the overall potential income of a bond portfolio.

Source: Morningstar, as at 31 August 2023. Performance is net of fees and is based on oldest share class, United SGD Money Market Fund Class B SGD portfolio in SGD basis, on a Net Asset Value (NAV) basis, with dividends reinvested, if any.

A Better Alternative to T‑Bills?

United SGD Money Market Fund (the "Fund") invests mainly in MAS T-Bills. This makes it a good proxy or alternative. In short, if you would like to get exposure to T-Bills, one hassle-free way is to just invest in the Fund. In addition, it resolves the following pain-points faced by T-Bills investors:

  • Simplified and streamlined. Say goodbye to the complexities of submitting bids and navigating various bidding options for MAS T-Bills. You also don't have to mark your calendars to keep abreast of application dates, recurring every month or maturity dates to reinvest your money.
  • Way, way shorter lock-in periods. Unlike T-Bills with lock-in periods of 6 to 12 months, the United SGD Money Market Fund grants you the power to redeem holdings within a single business day. Liquidate your assets swiftly and effortlessly.
Piggybank with SGD

Liquid, No Lock‑In Period

We understand the importance of having your funds accessible when you need them the most. That's why we've designed the United SGD Money Market Fund to provide you with the advantage of high liquidity and quick access to your cash within one business day.

Download the UOBAM Invest App today and start your financial journey.

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0% Sales Charge & Platform Fees

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The United SGD Money Market Fund, a low risk fund with no lock-in period, is an attractive option for you to consider parking your excess cash.

Since its inception in 2019, the United SGD Money Market Fund has delivered consistent positive returns.

From 1 September 2022 to 31 August 2023, the Fund has delivered a return of 3.39%.

  • Offers lower risk: Aims to preserve capital and is suitable for investors to park their excess cash
  • High flexibility: No lock-in period and quick access to your cash within one business day
  • Zero fees*: No sales charge, withdrawal or platform fees when you invest through UOBAM Invest.

    *Management fees apply.

Frequently Asked Questions

  • Do I need to be a UOB account holder to invest?

    No, you do not have to be a UOB account holder to invest with UOBAM Invest.

  • What is a money market fund?

    Money market funds are popular cash management tools. They are an alternative to short-term deposits that provides capital preservation and is redeemable when you have a need.

    Invests in high-quality money market instruments
    It holds short-term high-quality debt securities and money market instruments1 to provide capital preservation.

    Offers lower risk
    As a low-risk alternative, a money market fund’s main objective is to preserve capital and is suitable for both individuals and businesses.

    Targets better returns
    A money market fund potentially offers better returns than savings deposits by investing in higher-yielding debt securities.

  • What are the benefits of investing in the United SGD Money Market Fund?

    Highly liquid and serves as a short-term parking facility
    The Fund focuses on companies that have good access to capital markets and have defensive business models. The Fund may serve as a parking facility for short-term surplus funds while investors wait for investment opportunities. Investments in the Fund have an average maturity of not more than 6 months.

    Flexible, zero fees and minimal currency risk
    You can withdraw your investments anytime and no subscription or realisation fees are charged on the investment and redemption amounts. The Fund invests in higher-yielding foreign currency securities, but hedges any foreign currency exposure back to Singapore Dollar to minimise any currency risks. Management fees apply.

    Socially responsible
    The Fund is supportive of Socially Responsible Investing (SRI) and does not invest in areas such as alcohol manufacturing and retailing, military-related, gambling and tobacco.

  • What is Fund Direct?

    Fund Direct is a feature in UOBAM Invest that enables individual investors to buy and sell collective investment schemes, such as unit trusts, directly and is targeted at those who do not require any investment advice.

  • Is there a minimum investment amount and a lock-in period?

    You can get started by funding your portfolio with a minimum of S$1. There is also no lock-in period, meaning you can withdraw your money at any time with no withdrawal fees.

  • Is UOBAM Invest right for me?

    UOBAM Invest is designed for both experienced investors and newcomers to the investment world. It is an easy way to invest for the long term and our intuitive platform makes it simple to monitor the progress of your portfolios, so you can stay on track with your goals.

How to get started with 'Fund Direct'

Step 1: App Download
Step 2: Request Validation Code
Step 3: Create Username
Step 4: Determine Risk Profile
Step 5: Set up Account with Singpass
Step 6: Getting started with Fund Direct
Step 7: Click on Browse All Funds
Step 8: Search for United SGD Money Market Fund
All screens shown are for illustration only

Hear from the Fund's manager

Joyce Tan is the Head of Fixed Income Asia/Singapore team, responsible for portfolios investing across Global, Asia and Singapore Fixed Income markets.

She joined UOB Asset Management in 2007 and has over 24 years of investment experience. Being recognised for her astute market insights and investment strategies, Joyce received multiple industry awards. Notably in 2022, she received the Highly Commended Award for the Most Astute Investor in Asian local currency bonds by The Asset Benchmark Awards. This marks her 7th Most Astute Investor recognition since 2011 for this category.

She is a veteran Chartered Financial Analyst (CFA) who graduated with a Bachelor of Business (Financial Analysis and Applied Economics) (Hons) from the Nanyang Technological University of Singapore.

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Instant Access, Anytime

Seamlessly access your invested funds and explore diverse investment opportunities, all at your fingertips. Download the app now to experience instant access, empowering you to make informed investment decisions anytime, anywhere.

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  • Important notice and disclaimers

    For more information on the list of awards won by UOBAM, visit https://www.uobam.com.sg/awards

    This document is for your general information only. It does not constitute investment advice, recommendation or an offer or solicitation to deal in Exchange Traded Funds ("ETFs") or in units in any Unit Trusts ("Unit Trusts", ETFs and Unit Trusts shall together be referred to as "Fund(s)") nor does it constitute any offer to take part in any particular trading or investment strategy. This document was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. The information is based on certain assumptions, information and conditions available as at the date of this document and may be subject to change at any time without notice. If any information herein becomes inaccurate or out of date, we are not obliged to update it. No representation or promise as to the performance of the Fund or the return on your investment is made. Past performance of any Fund or UOB Asset Management Ltd ("UOBAM") and any past performance, prediction, projection or forecast of the economic trends or securities market are not necessarily indicative of the future or likely performance of the Fund or UOBAM. The value of any Fund and the income from them, if any, may fall as well as rise, and may have high volatility due to the investment policies and/or portfolio management techniques employed by the Fund. Investments in any Fund involve risks, including the possible loss of the principal amount invested, and are not obligations of, deposits in, or guaranteed or insured by United Overseas Bank Limited ("UOB"), UOBAM, or any of their subsidiary, associate or affiliate ("UOB Group") or distributors of the Fund. Market conditions may limit the ability of the platform to trade and investments in non-Singapore markets may be subject to exchange rate fluctuations. The Fund may use or invest in financial derivative instruments and you should be aware of the risks associated with investments in financial derivative instruments which are described in the respective Fund's prospectus. The UOB Group may have interests in the Funds and may also perform or seek to perform brokering and other investment or securities-related services for the Fund. Investors should read the Fund's prospectus, which is available and may be obtained from UOBAM or any of its appointed agents or distributors, before investing. You may wish to seek advice from a financial adviser before making a commitment to invest in any Funds, and in the event that you choose not to do so, you should consider carefully whether the Fund is suitable for you. Any reference to any specific country, financial product or asset class is used for illustration or information purposes only and you should not rely on it for any purpose. We will not be responsible for any loss or damage arising directly or indirectly in connection with, or as a result of, any person acting on any information provided in this document. Services offered by UOBAM Invest are subject to the UOBAM Invest Terms and Conditions. Apple and the Apple logo are trademarks of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.

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