Phillip HKD Money Market Fund

Phillip HKD Money Market Fund

The Phillip HKD Money Market Fund seeks to preserve principal value and to maintain a high degree of liquidity while generating a higher rate of return as compared to personal deposits of HKD by investing primarily in HKD-denominated money market instruments, short-term debt securities and short-term deposits. For details, please refer to the relevant Prospectus under Related Documents.

Surplus Cash Facility is a cash management service: a seamless fund transfer allows your surplus cash work harder for you. Clients can also subscribe through Unit Trust.

 

What is Money Market Fund?

- Phillip HKD Money Market Fund (“Fund”) is a HKD denominated fund which aims to provide a vehicle for holding money market instruments and short-term debt securities with a remaining maturity of no more than 397 days (or two years in the case of Government and other public securities ).
- Investment in the Fund is not the same as placing funds on deposit with a bank or deposit-taking institution. The manager has no obligation to redeem units at the issue price and the Fund is not subject to the supervision of the Hong Kong Monetary Authority.

Investment Objective

The Phillip HKD Money Market Fund seeks to preserve principal value and to maintain a high degree of liquidity while generating a higher rate of return as compared to personal deposits of HKD by investing primarily in HKD-denominated money market instruments, short-term debt securities and short-term deposits. For details, please refer to the relevant Prospectus under Related Documents.

Investment Allocation

Type of instruments Percentage limits
(of the fund's Net Asset Value)

(i) HKD-denominated money market instruments and short-term debt securities issued by governments, quasi-government organisations, supra-national organisations, multinational organisations, financial institutions and other corporations; and

(ii) HKD-denominated short-term deposits.

70% (minimum) - 100% (maximum)

(i) USD-denominated short-term bonds, commercial paper, certificates of deposits, commercial bills and Government and other public securities; and

(ii) USD-denominated short-term deposits.

Up to 30% (maximum)

The investment allocation is subject to further conditions. For details, please refer to the relevant Explanatory Memorandum under Related Documents.

Fund Information

Fund Manager Phillip Capital Management (HK) Limited
Launch Date 3rd July 2017
Trustee BNP Paribas Trust Services (Hong Kong) Limited
Global Custodian BNP Paribas Securities Services
Registrar and Transfer Agent BNP Paribas Securities Services
Legal Counsel Mayer Brown JSM
Auditor KPMG
Dealing Frequency Daily on each Hong Kong business day (not including Saturday)
Dividend Policy Dividend reinvested
Base Currency HKD

Fee and Charges

Subscription Fee Nil
Redemption Fee Nil
Switching Fee Nil
Management Fee Up to 0.5 % p.a.*
Performance Fee Nil
Custodian Fee Up to 0.50% as a safe keeping fee;and Up to USD133 per transaction as a transaction fee***
Trustee Fee** 0.03% p.a. (inclusive of fees payable of the Registrar and Transfer Agent)*
Fund Accounting Fee** 0.025% p.a.
*Current rate of such fees may be increased, up to a specified permitted maximum as disclosed in the explanatory memorandum, by giving affected unitholders at least one month's prior notice.
**Subject to a minimum annual fee of USD35,000 in aggregate for the trustee fee and fund accounting fee
***The custodian shall charge the Sub-Fund safekeeping fees and transaction fees at different rates depending on the markets where assets of the Sub-Fund are held.

Price

Unit Class NAV Per Unit (HKD) Daily Changes (%) Date (YYYY-MM-DD) Fund Size (HKD)
Class A 10.0250 0.002 2018-02-22 194,303,856.47

Historical Price

Date NAV Per Unit (HKD)
2018-02-21 10.0248
2018-02-20 10.0246
2018-02-15 10.0236
2018-02-14 10.0234
2018-02-13 10.0232
2018-02-12 10.0230
2018-02-09 10.0225
2018-02-08 10.0223
2018-02-07 10.0221
2018-02-06 10.0219
2018-02-05 10.0217
2018-02-02 10.0211
2018-02-01 10.0210
2018-01-31 10.0207
2018-01-30 10.0206
2018-01-29 10.0204
2018-01-26 10.0199
2018-01-25 10.0197
2018-01-24 10.0195
2018-01-23 10.0193

Mr. Wong Wai Kit, Louis

Executive Director of Phillip Capital Management (Hong Kong)
Director of Phillip Capital Management (Singapore)

Mr. Wong is the Executive Director and Responsible Officer of Phillip Capital Management (HK) Limited. He joined the Phillip Securities Group in Hong Kong in 1993 and has been the Director of Phillip Securities (Hong Kong) Limited and Phillip Capital Management (HK) Limited since 1996 and 2002, respectively. He has been appointed to the Board of Directors of Phillip Capital Management (S) Ltd since 2016. He has over 20 years of investment experience in securities dealing and more than 14 years in asset anagement. He is the investment advisor to an authorised fund in Thailand, which primarily invests in Hong Kong and China

Ms. Loh Yang Nee, Sabrina

Executive Director of Phillip Capital Management (Hong Kong)
Lead manager for Phillip Money Market Fund and Phillip US Dollar Money Market Fund in Phillip Capital Management (Singapore)

Ms. Loh is the Executive Director, Responsible Officer and "Key Personnel" of Phillip Capital Management (HK) Limited. She is the lead manager for Phillip Money Market Fund and Phillip US Dollar Money Market Fund, which are not authorised for public offering in Hong Kong and are managed by Phillip Capital Management (S) Ltd in Singapore. Prior to joining Phillip Capital Management (S) Ltd, she worked for AVIVA Insurance Group and The Insurance Corporation of Singapore.

Ms. Loh has more than 20 years' experience of managing funds, including more than ten years' managing unit trusts. She is responsible for the strategic focus and management of various fixed income and balanced portfolios.

Ms. Loh graduated with a Bachelor of Commerce (double majors in Economics and Finance) from Curtin University of Technology, Australia.

Mr. Lim Wen Sheong, Linus

Executive Director of Phillip Capital Management (Hong Kong)
Director and Co-CIO of Phillip Capital Management (Singapore)

Mr. Lim is the Executive Director, Responsible Officer and "Key Personnel" of Phillip Capital Management (HK) Limited. He focuses on formulating investment strategy and approving investment decisions as well as product development and regulatory compliance. Mr. Lim is Executive Director of Phillip Capital Management (S) Ltd, in Singapore, since 2009, and has been appointed to the Boards of the 7 following fund management companies since the stated years: Phillip Private Equity Pte Ltd (2009), Phillip Asset Management Company Ltd (2014), Phillip Mutual Berhad (2014) and Phillip Tokai Tokyo Investment Management Pte Ltd (2014).

He possesses more than 14 years of investment experience, including more than eight years managing unit trusts. Since 2014, he has been the Co-Chief Investment Officer of Phillip Capital Management (S) Ltd.

Mr. Lim holds an MBA from the Anderson School of Management at University of California, Los Angeles, and an Investment Management Certificate IIMR (UK) as well as a Chartered Alternative Investment Analyst (CAIA Association) certificate.

No announcement for the moment.

Last Update: November 27, 2017

Important Notes and and Risk Disclosure Statement

A) Important Notes

  1. Investment in Phillip HKD Money Market Fund (“Fund”) is not the same as placing funds on deposit with a bank or deposit-taking institution. The Manager has no obligation to redeem units at the offer value and the Fund is not subject to the supervision of the Hong Kong Monetary Authority.
  2. The Fund available in this website is subject to the applicable terms and conditions set out in its offering document(s) which may include, without limitation, term sheet, fund prospectus, fact sheets, marketing materials and all other relevant documents and materials. Client should carefully read all of the relevant Fund's offering documents including risk factors before deciding whether to invest in it. Any offer or application to subscribe for any Fund via Phillip Capital Management (HK) Limited (the“Company“) shall be subject to acceptance by the Company in its sole discretion and to the terms and conditions of the Company governing its investment fund services (as each of them may be amended by the Company from time to time).Client should undertake their own research and study before they trade or invest. Client should carefully consider whether trading or investment are suitable in light of their own financial position and investment objectives.
  3. Prior to investing in Fund, Client should carefully consider (a) the possible tax consequences, (b) the legal requirements and (c) any foreign exchange control requirements which Client might encounter under the laws of the countries of their incorporation, citizenship, residence or domicile which might be relevant to the purchase, sale, subscription, holding, conversion or disposal of the shares or units in Investment Fund.
  4. The information contained in this website is for general information only on an "as is" basis without our warranty of any kind and may be changed at any time without prior notice.
  5. No information contained in this website should be regarded as an offer to sell, to subscribe, or advice or recommendation. Client should consult independent professional adviser before making any investment, financial decision or purchasing Fund.
  6. Client should be aware that any information regarding prices of Fund presented in this website is on a delayed basis. All prices are dependent upon market conditions and the terms are liable to change and completion in the final documentation. Unit or share price of Fund presented in this section are indicative only and does not represent the actual subscription price or the redemption price. All prices are subject to final confirmation by the Company.
  7. Fund described in this website are not available to all persons in all geographic locations. Only persons who are permitted by applicable law may browse the information and / or accept the services and products described in this website. Persons accessing these pages are required to ensure that they are aware of and observe all relevant restrictions that apply to them and are responsible for satisfying themselves that they may do so under the laws or the jurisdiction from which access is obtained to this section.
  8. By using this section of the website, each user agrees to be bound by the contents of this disclaimer, as it may be amended by the Company from time to time and posted onto this section.

B)Risk Disclosure Statement

  1. Investment in Fund involves significant risks. It is impossible to describe every risk associated with such an investment that is relevant to Client. Before making your investment decision, Client should carefully read the offering documents of the relevant Fund including, in particular, the sections about risks and ensure you fully understand the nature and all the risks associated with an investment in the Fund and are willing to assume such risks.
  2. Although investment may bring profit opportunities, each investment product or service involves potential risks. Due to dynamic changes in the market, the price movement and volatility of investment products may not be the same as expected by Client. Client’s fund may increase or reduce due to the purchase or sale of investment products. The value of Fund may go up as well as down and the Fund may become valueless. Therefore, Client may not receive any return from Fund.

    Investment involves risks. The Fund is subject to investment risk, credit risk, interest rate risk, sovereign debt risks, liquidity risk, concentration risk, valuation risk, credit rating risk and currency risk, etc. Investors may be subject to losses. There is no guarantee in respect of repayment of principal. Past performance is not indicative of future performance. Part of Client’s investment may not be able to liquidate immediately under critical/fluctuate market situation. The investment decision is made by Client but Client should not invest in these products unless the intermediary who sells them to Client has explained to Client that these products are suitable for Client having regard to their financial situation, investment experience and investment objectives. Before making any investment decisions, Client should consider their own financial situation, investment objectives and experiences, risk acceptance and ability to understand the nature and risks of the relevant product.

Investment involves risks. Please refer to the Risk Disclosures Statement on our website, for HKD Money Market Fund and General Risk.

This webpage and the advertisements contained herein are issued by Phillip Capital Management (HK) Limited and have not been reviewed by the Securities and Futures Commission.

By clicking the "Accept" button, you represented that you have read and understood the content of "Important Notes" before viewing this webpage:

Important Notes:

You should undertake your own research and study before you trade or invest. You should carefully consider whether trading or investment is suitable in light of your own financial situation, investment objectives and experiences, risk acceptance and ability to understand the nature and risks of the relevant product.

The information in this webpage is for reference only and does not constitute any offer, solicitation, recommendation, comment or any guarantee to the purchase or sale of any investment products or services. The investment products or services mentioned in this webpage are not equivalent to, nor should it be treated as a substitute for, time deposit. Although investment may bring profit opportunities, each investment product or service involves potential risks due to dynamic changes in the market. The price movement and volatility of investment products may not be the same as expected by you. The value of your investment may increase or reduce and you may not receive any return from your investment. Your investment may become valueless.

You may not be able to liquidate your investment immediately under adverse and/or fluctuating market conditions. The investment decision is yours but you should not invest in these products unless the intermediary who sells them to you has explained to you that these products are suitable for you having regard to your financial situation, investment experience and investment objectives. The Fund is subject to investment risk, credit risk, interest rate risk, sovereign debt risks, liquidity risk, concentration risk, valuation risk, credit rating risk and currency risk, etc. Investors may be subject to losses. There is no guarantee in respect of repayment of principal. Past performance is not indicative of future performance. Please refer to the relevant fund offering documents for further details including risk factors. If you have any inquiries on our Group’s Risk Disclosures Statement or the nature and risks involved in trading or in funds, etc., you should seek advice from independent financial adviser.

This webpage and the advertisements contained herein are issued by Phillip Capital Management (HK) Limited and have not been reviewed by the Securities and Futures Commission.

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