HSBC Global Money Funds – Hong Kong Dollar
- The Fund invests mainly in Hong Kong dollar short term deposits and debt securities.
- The Fund’s investments may involve credit and interest rate risks.
- The purchase of the units of the Fund is not the same as placing funds on deposit with a bank or deposit taking company. The Fund has no obligation to redeem units at their offering value and the Fund is not subject to the supervision of the Hong Kong Monetary Authority. Investors may not recoup the original amount invested in the Fund.
- Unit trusts are NOT equivalent to time deposits. Investors should not invest in the Fund solely based on the information provided in this document and should read the offering document of the Fund for details.
Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document for further details including the risk factors. The document has not been reviewed by the Securities and Futures Commission.
Fund objective
The Fund aims to preserve capital and provide daily liquidity together with an investment return that is comparable to normal money market rate in the base currency of the Fund. However, preservation of capital is not guaranteed. The Managers may only invest in short-term deposit and other money market instruments.
At least 70% of the Fund’s net asset value will be invested in Hong Kong dollar-denominated short-term deposits and money market instruments issued by governments, quasi-governments, international organizations, financial institutions and other corporations. On average, investments will have a life to maturity of less than 90 days.
Permitted investments
The fund may invest in, but is not restricted to, treasury bills, bills of exchange, commercial papers, certificates of deposit, time deposits, government and corporate bonds
Credit rating
Investments with credit rating at least A-1 or P-1 (or its equivalent)1 from Standard & Poor’s or Moody’s or a recognized credit rating agency at time of purchase
| Fund details | |
|---|---|
| Fund manager | Gordon Rodrigues (Hong Kong) |
| Launch date | 1 March 1991 |
| Dealing frequency | Daily on every dealing day |
| Cut-off time | 11:00 am (HK time) |
1. A-1 rated instruments maturing in five business days or less are counted towards the A-1+ percentage, as historical default rates on A-1 paper maturing within five business days
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