Phillip Capital Management, a provider of money market funds through brokers with same-day liquidity service, has partnered with Tiger Brokers to make the Phillip Money Market Funds in Singapore dollars (SGD) and US dollars (USD) available to Tiger Broker’s clients via the Tiger Vault service.
This collaboration coincides with Phillip Capital Management’s 25th anniversary and Tiger Brokers’ 10th anniversary, marking a significant milestone for both companies, according a statement by Pillip Capital.
Phillip SGD Money Market Fund is one of Singapore’s first and largest SGD denominated money market fund. Both the SGD and USD funds aim to preserve principal value and maintain a high degree of liquidity while producing returns comparable to that of savings deposits.
By offering the funds through the Tiger Vault service, Phillip Capital Management aims to broaden its reach and provide more investors with access to same-day liquidity. This initiative reflects Phillip Capital Management’s commitment to client-centric solutions in the financial sector, said the statement.
Linus Lim, chief executive officer of Phillip Capital Management commented: “This partnership underscores our dedication to providing accessible and efficient financial solutions, especially as we celebrate our 25th year of service.”
“Tiger Brokers is excited to integrate Phillip Money Market Funds into our Tiger Vault service,” added Ian Leong, chief executive officer of Tiger Brokers. “This addition enhances our product offerings and reinforces our commitment to delivering exceptional value to our clients as we mark our 10th anniversary.”
