Tuesday, June 19, 2007

Yield on Money Market Fund

The unit price of the Money Market Fund of NTUC Income increased by 0.2 cents (0.18%) for the past 28 days. This works out to an annualised yield of 2.4%. The yield was 3% previously. It has dropped during the past month.

1 comment:

Anonymous said...

Dear Mr Tan,

I think your % return exclude Sat, Sun and Public Holidays. If these are included the return is half or less.

Bank Fixed Deposits include all days within the period so if we compare the number of days should be consistent.

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