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What are Mutual Funds?


A Mutual Fund is a collective investment which pools money from a number of investors into a wide range of assets, and actively managed by professional fund managers.

Mutual Funds are diversified into different assets such as stocks, bonds, money markets funds, etc.


Note:

Mutual Funds and Moneybull differ in their offerings.


Mutual Funds are products we offer that allow clients to manually subscribe/redeem within our platform.


Moneybull is a feature that enables automatic subscription/redemption of idle cash into the underlying cash funds.


Clients can manually subscribe to the same cash funds as Moneybull through Mutual Funds Center subscription. However, choosing to subscribe to the same cash fund through Mutual Funds Center will not allow the market value of the position to be used as Buying Power for trading purposes.


In the case of Moneybull (USD/SGD), your idle cash will be automatically subscribed to the underlying cash fund.

In addition, 99% of the market value of your Moneybull positions will be added to your Buying Power for trading purposes. If you do not have sufficient cash to settle your trades in the same currency, your Moneybull position will be automatically redeemed to settle your trades.


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