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HSBC Global Money Fund Hong Kong Dollar

Important information
  • 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
Valuation date Daily, except Hong Kong public holidays
Cut-off time 11:00 am (HK time)
Dividend policy No distribution

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

 

Risk Warning

There is no guarantee that a stable net asset value will be maintained. Investors may not get back the amount originally invested. Where overseas investments are held the rate of currency exchange may also cause the value of such investments to fluctuate. Past performance is not a reliable indication of future returns. The value of investments may be affected by uncertainties such as international, political and economic developments. They may also be affected by the credit worthiness of the issuers of the investments or by substantial adverse movements in interest rates. For full information on risks, please read the offering document carefully.