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 Money market fund

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machonacho
post Aug 4 2020, 01:32 PM

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I apologize for the slight departure from the OP's post, but has anyone gotten July's dividend on Maybank's Money Market Fund yet??? I lost some money on it Lol
machonacho
post Aug 4 2020, 01:41 PM

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machonacho
post Aug 4 2020, 01:49 PM

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QUOTE(MUM @ Aug 4 2020, 01:43 PM)
losses can it be bcos of the extra units from distribution not yet in?, Ex date just few days ago?
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Yeah, July's distrubution is not in yet, weird, it's been 6 days since the ex date, June's was credited on the ex date, only this time it's been omitted

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QUOTE(GrumpyNooby @ Aug 4 2020, 01:43 PM)
How long you bought this money market fund?
Based on the distribution history, how fast they credit the "new" units provided distribution is reinvested?
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A few months, sitting there waiting for the next crash. Usually they're pretty fast, annouce ex date, same day or next day already reinvested, this time oddly enough my account was not credited with the distribution 6 days since the ex date.
machonacho
post Aug 6 2020, 08:19 PM

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Yahoo! Just checked and it's now credited, guess they took a few days off huh haha.
machonacho
post Aug 7 2020, 01:46 PM

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QUOTE(GrumpyNooby @ Aug 6 2020, 08:21 PM)
You buy directly from Maybank?
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Yeah, since I use Maybank as my local broker, I could just transfer my balance to my Maybank account and just dump straight into MMF there without jumping another hoop and transferring to FSM.

 

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