Returns on your Cash+ Flexi USD portfolio will be accrued daily. As such, any returns earned will be automatically reflected in your Cash+ Flexi USD portfolio value.

As you stay invested, you let your returns compound to grow your investment faster. Should you opt to place a withdrawal request, you can choose to withdraw the total amount held in your Cash+ Flexi USD portfolio, including all returns earned.

Syfe invests your funds into the institutional share class of the underlying funds which retail investors do not normally have access to. The institutional share class of these funds have lower management fees and expense ratios.
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On top of that, we do not charge any management fee on our Cash+ Flexi USD portfolios, and any fund-level rebates we receive are passed on to clients. These added savings meaningfully enhances the net returns you receive from your Cash+ Flexi USD portfolio.

Syfe Cash+ Flexi USD is a portfolio in our discretionary portfolio management service that is composed of money market funds that are generally considered very low risk. The constituent funds invest in low risk rated assets, such as USD short-term deposits, high-quality money market instruments, and debt securities. However, investment involves risks. You may refer to the offering documents of the constituent funds on their respective websites for further details including their risk factors.

Cash+ Flexi USD is not a savings account or deposit and is not insured by the Deposit Protection Scheme.

All client funds in Syfe Cash+ Flexi USD are held at CCB (Asia) Trustee and HSBC Trustee (Hong Kong) Limited and any uninvested cash is held in Syfe HK’s Client Account with HSBC Hong Kong, which is regulated by the Hong Kong Money Authority. This means that your funds are held separately from Syfe’s own assets. Additionally, there is no lock-up, so you can choose to withdraw your money at any time with no exit penalties.

Fund Transfer:
For funds transfers: when the deposit request is received before 8:30 am HKT on a business day, you will see your funds credited to your Cash+ Flexi USD portfolio within 2-3 business days. It will take one extra business day if the deposit request is received after 8:30 am HKT. Do note when funding in Hong Kong Dollar on a US public holiday, it will take an additional 1 business day, as currency conversion is required.

Withdrawal:
For withdrawals: if the request is received before 8:30 am HKT on a business day, your proceeds are usually credited to your designated bank account within 2-3 business days. It will take one extra business day if the withdrawal request is received after 8:30 am HKT. Do note when withdrawing in Hong Kong Dollar during a US public holiday, it will take an additional 1 business day, as currency conversion is required.

You can deposit and withdraw your funds in either Hong Kong dollars (HKD) or United States dollars (USD).
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For USD, deposits and withdrawals done through a HSBC bank account in Hong Kong, is currently free. Deposits made from a non-HSBC bank, please note that the bank may charge a fee. Withdrawals to a non-HSBC bank, if cleared via HK local clearing platform (CHATS), payments can be sent via RTGS out at HKD 55. This bank charge is imposed by HSBC at their discretion and may change in future, and will be borne by the customer.

For HKD, as of now, there are no charges for both deposits and withdrawals to a Hong Kong bank account. Though, as our portfolios are USD denominated, funds transferred in HKD will be converted into USD before being invested. Retail investors generally pay much more 0.30% in currency conversion fees when converting with banks, while Syfe customers are charged a much lower conversion fee.

Syfe does not charge any deposit, withdrawal or exit fees. You can deposit or place a withdrawal request from any of your portfolios whenever you want.