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First HKD money market fund domiciled in Hong Kong awarded AAAmmf rating by Fitch

From March 2019, the HSBC Global Money Funds Hong Kong Dollar has been assigned a rating of AAAmmf by Fitch Rating given our track record and constant strive to improve our liquidity products.

dollar sign

The AAAmmf rating is given based on the following criteria:

  • The funds' high credit quality
  • Low exposure to interest rate and spread risk
  • High level of daily and weekly liquid assets
  • Capabilities and resources of HSBC Global Asset Management as fund manager
  • Stable investor base

We are delighted that our HSBC Global Money Funds - Hong Kong Dollar, has become the first HKD money market fund domiciled in Hong Kong to receive an AAAmmf rating by Fitch – the highest money market fund rating – as a result of the fund’s high credit quality, low risk exposure and favorable liquidity profile. This is testament to HSBC Global Asset Management’s investment expertise and ability to offer products that cater to investors’ need for capital preservation, provision of liquidity while still aiming to achieve money market yields. This rating is the culmination of a deliberate strategy to capitalise on our market leading position in Hong Kong and bring high quality products to the market. As an asset manager with over 25 years of liquidity investment experience, we will continue to enhance our liquidity solutions and expand liquidity offerings to clients across the region.

Gordon Rodrigues, Head of Asian Rates & FX, Asia-Pacific, HSBC Global Asset Management

HSBC Global Asset Management manages assets totaling USD455.2 billion on behalf of its clients as of 31 December 2018, among which USD72.7 billion are liquid assets in 11 currencies.

Liquidity capability is a core competency of HSBC Global Asset Management with over 25 years of experience advising, executing and managing liquidity strategies and money market funds.

For more information, please click here for Fitch Rating’s press release


Why invest in Liquidity / Money Market Funds?

Lower risk appetite
  • ♦ Liquidity funds seek to preserve investor capital¹
Liquidity
  • ♦ Liquidity funds aim to provide daily access
Diversification of credit risk
  • ♦ Access to professional asset management, credit analysts and operational expertise
Professional management
  • ♦ Pooled products can provide investors with diversification from single issuer risk, and single product credit risk²
Yield
  • ♦ Liquidity funds aim to deliver competitive money market yields through the process of pooling assets
Convenient and transparent
  • ♦ Liquidity funds are relatively easy to transact and provide investors with a range of information on the underlying portfolio, including credit mix and portfolio holdings
Low cost
  • ♦ Relatively low, transparent annual management fees

1. An investment in the Funds is not insured or guaranteed. Although the funds seek to preserve the capital value of your investment, there is no guarantee that a stable net asset value will be maintained and it is possible to lose money by investing in these funds. There is no guarantee that the fund’s investment objectives, including performance, will be achieved.
2. Neither diversification nor asset allocation can protect from a loss in a particular market nor guarantee a profit; however it does allow risk to be spread across various asset classes and/or countries.
Source: HSBC Global Asset Management. For illustrative purposes only.

Why choose HSBC Global Asset Management for liquidity investment solutions?

Robust risk management

  • ♦ A prudent, relatively low-risk liquidity management approach
  • ♦ Detailed, considered set of investment policies focused on managing risk

Disciplined investment process

  • ♦ A structured and methodical globally consistent investment process
  • ♦ Distinctive credit approval and limit setting process

Experienced, dedicated teams

  • ♦ Liquidity treated as a distinct asset class with high quality, dedicated investment and support resources
  • ♦ Investment and credit teams located in 10 locations worldwide with local market knowledge

Client focused

  • ♦ Dedicated regional client service teams to provide timely support to clients
  • ♦ A range of Liquidity investment strategies in multiple currencies

HSBC Global Asset Management’s local liquidity capabilities

Domestic capabilities local currencies

Segregated mandates

Funds managed to local requirements and only available to local domiciled entities

  • ♦ Hong Kong dollars
  • ♦ US dollars

Customised portfolios can be tailored toward an investor’s specific requirements

Minimum size of USD100 million allows us to optimise diversification and enhance potential returns

Click here to learn more about our Liquidity capabilities.

Risk Warning

This page is prepared for general information purposes only and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive it. This page does not constitute an offering document and should not be construed as a recommendation, an offer to sell or the solicitation of an offer to purchase or subscribe to any investment. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. HSBC Global Asset Management (Hong Kong) Limited (“AMHK”) accepts no liability for any failure to meet such forecast, projection or target. AMHK has based on information obtained from sources it reasonably believes to be reliable. However, AMHK does not warrant, guarantee or represent, expressly or by implication, the accuracy, validity or completeness of such information.