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,