StashAway just announced that its cash management portfolio (Stashaway Simple) will be projecting a lower interest rate from Sept 1. The rate will change from 1.9% to 1.4%. While some would be surprised, i was totally not surprised at all. Back in end of May i took a look and i was not convinced with the product. Its stated on the stashaway website that its stashaway simple invest in 50% LionGlobal Money Market Fund and 50% in LionGlobal SGD Enhanced Liquidity Fund SGD Class I Acc Its clear that the top 10 holdings have a relatively short expiration as stated by how a money market fund works. As lower interest rate kicks in, the proceeds from these bonds will have to be reinvested at a much lower rate. As such, it was a matter of time before returns start to come down. Above is an example of a bond issued by Danga Capital Bhd which expires on March 2021. It has roughly...