Syfe Cash+ delivered actual annualised returns of 1.63% as of 30 September 2021, performing better than its projected return of 1.5% per annum.

As such, we are maintaining the projected returns of Syfe Cash+ at 1.5% p.a. for Q4 2021.

Syfe Cash+ performance (as of 30 Sept 2021)

Amongst its peers, Syfe Cash+ continues to be one of the highest yielding cash management offerings with an optimal mix of high quality bonds geared to maximize projected returns without taking excessive risks.

Year-to-date (YTD) performance from 1 Jan 2021 to 30 September 2021

Syfe Cash+ generated annualised returns of 1.56% in Q3 2021. The good returns in July and August were driven mainly by the stabilised China Huarong situation and easing inflation concerns.

In September, Syfe Cash+ delivered relatively lower monthly returns of 0.01% compared to July and August due to rising US Treasury yields on tapering concerns, which impacted the Short Duration Bond Fund in particular, and negative sentiment linked to China Evergrande.