HSBC Australian Dollar Liquidity Fund
Fund objective
To provide investors with security of capital and daily liquidity together with an investment return which is comparable to normal Australian dollar-denominated money market interest rates.
Permitted investments
The fund may invest in, but is not restricted to, certificates of deposit (CD), commercial paper, medium-term notes (MTNs), variable rate notes (VRNs), floating rate notes (FRNs), bankers acceptances, government bonds, treasury bills, Eurobonds, asset-backed securities and corporate bonds.
Credit rating
Short-term transferable securities which at the time of purchase have a credit rating of at least A-1/P-1 (or its equivalent) from a recognised credit rating agency such as Standard & Poor’s or Moody’s.
Fund details
| Fund Rating | S&P – AAAm Moody’s - Aaa-mf |
| Fund manager | Gordon Rodrigues (Hong Kong) |
| Launch date | 9 January 2018 |
| Valuation date | Daily |
| Cut-off time | 12:00 pm - (Sydney / Melbourne time) |
| Settlement date | Same day |
| Dividend policy | Distributing |
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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 investments are held in currencies other than the investor’s base currency, exchange rate fluctuations may affect the value of the investment.
The value of investments may also be influenced by international politics or economic developments, the creditworthiness of issuers, and significant adverse movements in interest rates.
Past performance is not a reliable indicator of future returns.
Liquidity risk: During periods of market stress or low liquidity, the ability to redeem investments promptly and without material impact on value may be affected.