In a June 20 email to clients, Syfe’s management says the projected yield will “gradually move higher as interest rates continue to rise”.
Digital wealth manager Syfe is raising the projected return rate of its cash management portfolio to 1.5% p.a. from 1.2% p.a. previously.
Amid the current market selloff, many investors have turned to cash management solutions as a safe haven to ride out the volatility, says Syfe.
