In an email to account holders on July 8, Stashaway says the change will be reflected on its platform by July 15.
Stashaway has raised the projected return rate of its cash management portfolio, Simple, to 1.5% p.a. from 1.3% p.a.
This accompanies a “re-optimised allocation” of underlying funds in favour of LionGlobal SGD Enhanced Liquidity I Acc, which is now 70-30 with the LionGlobal SGD Money Market Fund Class A. The two funds were previously evenly weighted.
