Key takeaways

The Endowus Cash Smart solutions are generating better-than-expected results driven by both yield and returns.

  • We are revising the projected net yields for Endowus Cash Smart portfolios. Cash Smart Core  goes to 0.8% ~ 0.9%, and Enhanced to 1.2% ~ 1.4%.
  • Projected yields are indicative and conservative projections of just the yield. The outcomes have consistently been better than projections since launch.
  • Endowus Cash Smart portfolios remain attractive cash management options in a continuous low yield environment.  They are also defensive against recent concerns of increasing Treasury yield.

How has Endowus Cash Smart performed since launch?

Endowus Cash Smart Portfolio Performance, 1 July 2020 to 28 February 2021

Growth of 100 chart. Source: Endowus Research, Bloomberg

As you can see from the above chart, the performance of Endowus Cash Smart products have been steady and strong since their launch on 1 July 2020.  We also launched Cash Management (Ultra) with a projected yield of 1.7% to 1.9%  on 6 January 2021,