With the exception of STI, the global equity markets haven’t been too kind in 2022. To hedge against a possible recession in the near term, I have also been selectively paring down some of my investments. As a result, the size of my idle funds has grown but this has presented other problems in itself – cash drag. It is not just a drag on my portfolio performance but also generating negative returns in a high inflationary environment. A potential solution would be to invest my war chest with moomoo Cash Plus to earn approximately 2.5% interest rate while waiting for market opportunities to present themselves. Here is my review of moomoo Cash Plus which offers cash management funds under the moomoo mobile app. CASH MANAGEMENT FUND AND FIXED DEPOSIT Moomoo Cash Plus is a new product offering that allows investors to invest into money market funds or more commonly known as cash management funds....