Iââ‚¬™m having some cash in the bank (about 60k) and thinking of investing in bond fund, as advised by a banker. (obviously she saw these money sitting in my bank account for a while) Iââ‚¬™m completely dumb with investment, so, i didnââ‚¬™t do anything with it.
Now, Iââ‚¬™m thinking of either putting them in the Fix deposit account (interest rate is 0.85% per annum offered by UOB) or investing them into United Asian Bond Fund (UABF) as advised by this banker.
As per her comment, there is not much risk for this particular bond fund (and of course the interest will not be too high like investing into stocks), and its value has been increasing since its launch date.
So my questions are:
Is there any particular website that I can learn more about the bond fund? Because I have no idea how truth about her statement.
Is it really lower risk compare to stocks?
Is there anything else I should look into?
Thanks everyone in advance
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