Tiger Vault| A Good Alternative to Bank Deposits?
After the Silicon Valley Bank (SVB) Crash, investors alike have rushed to withdraw their money from the U.S Banks in fear.
If you, like these investors are worried about where to park your cash, we might just have the solution for you.
Alternative to Bank Deposits
Here at Tiger Brokers, Tiger Vault is a cash management solution that provides investors yields of up to 4.54%* on their idle funds.
You can select from mutual funds with relatively stable returns, low risk ratings, and high liquidity in the global markets.
Is Tiger Vault impacted by the fall of SVB?
The funds that we’ve handpicked to be part of Tiger Vault do not have any exposure to SVB, and would thus have no impact on your monies.
Not convinced? We’ll let the following data do the talking.
Who is Fullerton?
The Fullerton Cash Fund for both SGD and USD remains one of the most popular picks amongst our Tiger Vault funds due to its stellar and consistent performance.
So, Who is Fullerton?
1. Fullerton’s Shareholders
Fullerton Fund Management Company ("Fullerton") was established in 2003 and is headquartered in Singapore. Fullerton's shareholders are Temasek Holdings and NTUC Income.
Temasek Holdings a Singaporean state holding company owned by the Government of Singapore
Temasek controls almost all of Singapore's most important and largest businesses, including $Singapore Telecommunications Ltd.(SGAPY)$ , $SINGAPORE AIRLINES LTD(C6L.SI)$ , $DBS GROUP HOLDINGS LTD(D05.SI)$ , PSA International, Singapore Power, $KEPPEL REIT(K71U.SI)$ , and Raffles Hotel.
Overseas media have estimated that Temasek's stock market value accounts for 47% of Singapore's stock market.
NTUC Income is Singapore’s largest auto insurance company
NTUC Income was established in 1970. It is one of Singapore's top comprehensive insurance companies and the largest comprehensive insurance company and health insurance provider in Singapore.
It is Singapore's largest auto insurance company, covering about 1/4 of Singapore's auto insurance, and has received an AA- rating from Standard & Poor's (S&P).
2. One of the largest local asset Management in Singapore
With it’s portfolio of shareholders, Fullerton's client base is ever growing, which includes government agencies, sovereign wealth funds, pension plans, insurance companies, as well as private wealth and retail clients.
Fullerton's asset under management (AUM) is also getting larger. As of December 2022, theAUM has reached 36.3 billion US dollars. Fixed-income assets account for 56%, with a scale of approximately 20.3 billion US dollars.
In January 2023, Fullerton won the "Best Bond Manager" award from the magazine "Asia Asset Management".
In 2022, Fullerton won the "Top 5 Investment Company" award from "Asia Asset Management".
3. Steady Returns
The fund strives to provide investment returns beyond US dollar deposits
As mentioned earlier, as of December 2022, fixed-income assets account for 56% of Fullerton, the highest proportion among asset classes. The current management scale is approximately 20.3 billion US dollars. Among fixed-income assets, pension plans and insurance companies generally pursue stable returns.
The Fullerton Money Market Fund is managed by a dedicated team of 10 investment professionals at Fullerton. The team members have an average of 18 years of investment experience, and these professionals have a proven track record and deep expertise.
In the current Fed rate hike cycle, the net value of the Fullerton USD Money Market Fund continues to move higher. As of February 17, 2023, the 7-day annualized return is 4.57% (expected annualized does not represent future returns and is for reference only and subject to actual returns).
Last but not least, Tiger Vault can be used as your purchasing power
Pay for investments with no lag time; Free subscription or redemption fees
Investing in Tiger Vault can start from as low as $1 , and the settlement timelines only require 1 working day from your transaction day.
Any monies in your auto-Sweep, can be used instantly as your purchasing power for any other products (except IPO and Options) on our Tiger Trade APP.
Access and invest in over 1,000 funds distributed by Tiger Brokers. Go to the “Quotes” section on the app and slide the top bar to “Funds” to explore the full suite of funds we have on Fund Mall!
Modify on 2023-03-15 11:48
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.