CASH+ ENHANCED

Cash+ Enhanced is a low-risk managed portfolio invested in short-duration SGD bond funds. It's built for money you won't need for at least a year, and aims to earn more than typical Singapore money market rates and Cash+ Flexi. As it targets a higher yield, your money can move up or down slightly in value, both when you invest and while you stay invested.

All three are cash management portfolios - the difference is how much risk you take on for a higher return. Cash+ Flexi invests in money market funds for stable, daily returns with no lock-in. Best for cash you may need anytime.

Cash+ Guaranteed places your funds in fixed deposits with partner banks for a guaranteed rate, paid out at the end of a fixed term. Best for cash you can lock away for a set period.

Cash+ Enhanced invests in short-duration bond funds, aiming for a higher yield than Flexi. Your capital isn't guaranteed, and value can move up or down slightly. Best for cash you can leave invested for a year or more.

• https://www.syfe.com/magazine/cash-plus-enhanced-investment-strategy/

Cash+ Enhanced invests in short-duration SGD bond funds, which hold short-term deposits, money market instruments, and mostly investment-grade short-term debt securities. Together, the funds have a blended average duration of about two years and credit ratings ranging from BBB to A.

Cash+ Enhanced has a net projected yield of 3.0%, based on current market rates and the underlying funds' credit quality and duration (about 2 years). This isn't guaranteed - yields move with market conditions, and your actual return may be higher or lower.

Yield to Maturity is the return a bond is expected to earn if held until it matures, including both the interest payments and any difference between what you paid for the bond and its value at maturity. It's expressed as a yearly percentage, and we always show the date the calculation is based on.

We recommend staying invested for at least 12 months, so more of the underlying bonds have time to mature and the fund can capture more of that yield.

Cash+ Enhanced is a low-risk portfolio (risk level 1 out of 5), but it's an investment rather than a deposit, so its value can move up and down. The main factor is interest rates: because it holds short-term bond funds, the portfolio dips slightly when rates rise and gains when they fall. The funds are deliberately short-dated to keep these movements small, and the interest the bonds earn each day helps cushion them - but if you withdraw during a stretch of rising rates, you could get back less than you put in.

It also lends to governments and companies through the underlying funds, which carries some credit risk. We manage this by holding only investment-grade bonds and spreading your money across three established fund managers, so no single one has an outsized impact. Because the value can fluctuate, Cash+ Enhanced is best suited to money you won't need for at least a year.

No. Cash+ Enhanced is not capital guaranteed. It is an investment portfolio, not a bank deposit, and its value can fluctuate. Because it holds short-duration bond funds, the portfolio's value may move up or down with interest rate changes — both when you first invest and while you remain invested. The relatively short blended duration of around two years helps limit this sensitivity, but doesn’t remove it.

No, there is no minimum investment required to get started with Cash+ Enhanced.

Cash+ Enhanced is available in SGD only.

SRS funds are not supported for Cash+ Enhanced currently. The portfolio can only be funded with cash (SGD).

Syfe charges a management fee of 0.15% - 0.20% p.a. for Cash+ Enhanced, depending on your pricing tier, and subject to prevailing GST. View more details on pricing tiers here.

You also pay fund-level fees of around 0.36% a year, of which about 0.10% is rebated back to you. Total cost works out to about 0.46% a year, taken from the yield rather than billed separately."

You can view the detailed fund breakdown here.

Withdrawals for Cash+Enhanced take 3-4 business days.