HSBC Global Money Funds – Renminbi
- The Fund invests mainly in RMB-denominated short-term deposits and high quality money market instruments
- The Fund’s investments may involve credit, credit rating, liquidity, volatility, currency, tax, concentration, interest rate, valuation, emerging markets risks, mainland China market risk, RMB conversion and currency risks, mainland Chinese debt risk, risks associated with investing in China Interbank Bond Market, RMB denominated class risk, and risks related to Reverse Repurchase Transactions, general debt securities, sovereign debt and money market funds
- 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
- Investors should not invest solely based on this page and should read the offering documents 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. This page 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 Manager 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 RMB-denominated short-term deposits and money market instruments issued by governments, quasi-governments, international organizations, financial institutions and other corporations. The weighted average maturity and weighted average life of the Fund will not exceed 60 days and 120 days respectively.
Permitted investments
The fund may invest in, but is not restricted to, treasury bills, commercial papers, certificates of deposit or interbank deposits, residual maturity bonds and reverse repurchase transactions.
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 an internationally recognized credit rating agency at time of purchase
Fund details | |
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Fund manager | Gordon Rodrigues (Hong Kong) |
Launch date | 17 August 2022 |
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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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.