The interest rate environment has changed dramatically this year. As rates move higher, we’ve revised our Syfe Cash+ projected returns to 1.5% p.a., from 1.2% p.a. previously. Looking ahead, we expect the projected yield for Syfe Cash+ to gradually move higher as interest rates continue to rise.
Syfe Cash+ projected yields are based on the annualised amortised yield estimates of underlying funds. It is not a guarantee for future performance.
Amid the current market selloff, many investors have turned to cash management solutions as a safe haven to ride out the volatility. With stable and consistent returns, Cash+ has provided clients with a shelter for their savings.
Syfe Cash+ has never had a week of negative returns in the 2022 year to date. Before the increase in projected yield from 1.2% to 1.5%, Cash+ was on track to deliver on the previously advertised 1.2% projected yield, gaining steadily over time despite elevated volatility in the markets.
Here are the realised returns of the portfolio for 2022:...