Despite the increased volatility in October, Syfe Cash+ has remained resilient and generated positive returns on a year-to-date basis.  After strong performances for much of the year, monthly returns for Cash+ turned slightly negative in October. Market sentiment was affected by several factors including rising bond yields, the expectations of Fed rate hikes next year, and volatility within the Chinese property sector. However, as we saw in April, any underperformance is expected to be temporary. Clients who stayed invested back then saw strong positive returns over the next several months. Coming into November, we have seen a similar recovery as market uncertainties abided. Syfe Cash+ performance Year-to-date (YTD) performance up to 15 November 2021 To achieve an enhanced return above bank deposit rates, Cash+ takes on a modest amount of duration and credit risk for higher return potential. Historical returns show us that as long as investors...