The money market fund of NTUC Income shows a price of 1.065 as at 22 May 07. The price on 1 June 06 was 1.031. The appreciation for 11 months 21 days was 3.3%.
Although the interest rate had softened in recent weeks, the unit price of the money market fund continued to show the same rate of appreciation, ie about 0.3% every month.
I sold some shares recently. I have just re-invested the proceeds into the money market fund.
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