Sunday, April 22, 2007

Money market fund

I have a large amount of my personal savings invested in the Money Market Fund under NTUC Income.

I just checked the website and found the following:

* unit price as at 1 April was 1.059
* unit price appreciated by 0.86% over past 3 months, or 3.4% annualised
* unit price appreciated by 1.8% over past 6 months, or 3.6% annualised

Although interest rate in the money market softened recently, the yield on the money market fund continue to be above 3%.

I am satisified with this yield.

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