China

ChinaAMC (HK) launches money market fund featuring short dealing settlement cycle

ChinaAMC has announced the launch of ChinaAMC Select Money Market Fund in Hong Kong,

The Fund invests primarily in USD-denominated instruments and offers HK Dollar share classes.

“ChinaAMC is dedicated to diversifying its product mix to offer a comprehensive product line-up for investors to meet their growing asset allocation demands in different market cycles,” said Dr. Frank Xiaoling Zhang, Chief Executive Officer of ChinaAMC. “We are pleased to launch our second liquidity management tool after the successful launch of our fixed income asset allocation fund in August 2018. We believe the high quality money market fund will gain popularity with its potentially higher yields in general than other cash alternatives during the current interest rate cycle.”

The Fund’s investment will be managed by the fixed income team of ChinaAMC.