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 Literature.

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?

- An open-ended mutual fund that invests in short-term (less than 1-year), and low risk debt securities for liquidity.
- Investment objective is to preserve capital while providing higher yield.
- A low risk place to park your cash awaiting investment.

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 Literature.

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 Literature.

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
Trustee Fee 0.03% p.a.

Price

Unit Class NAV Per Unit (HKD) Daily Changes (%) Date (YYYY-MM-DD) Fund Size (HKD)
Class A 10.0006 0.000 2017-07-20 93,300,285.60

Historical Price

Date NAV Per Unit (HKD)
2017-07-19 10.0006
2017-07-18 10.0005
2017-07-17 10.0005
2017-07-14 10.0004
2017-07-13 10.0003
2017-07-12 10.0003
2017-07-11 10.0003
2017-07-10 10.0002
2017-07-07 10.0001
2017-07-06 10.0000
2017-07-05 10.0000
2017-07-04 10.0000
2017-07-03 10.0000

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:June 1, 2017

Important Notes and and Risk Disclosure Statement

A) Important Notes

  1. Investment in Unit trusts ("Investment Funds") is different to placing moneys on deposit in bank.
  2. Each Investment 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 Investment Fund's offering documents including risk factors before deciding whether to invest in it. Any offer or application to subscribe for any Investment Fund via 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 any Investment 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 any Investment Fund.
  6. Client should be aware that any information regarding prices of Investment Funds 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 an Investment 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. Investment Funds 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 Investment Funds 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 Investment 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 relevant Investment 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 investment funds may go up as well as down and the investment funds may become valueless. Therefore, Client may not receive any return from investment funds.

    Investment involves risks. 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 at www.poems.com.hk.

This document has not been reviewed by the SFC.

Top of Page
Contact Us
Please contact your account executive or call us now.
Capital Management
Tel : (852) 2277 6698
Email : assetmgt@phillip.com.hk

Enquiry & Support
Branches
E-Check
Login
Louis Talk
Investor Notes
Free Subscribe
Contact Us