Flexible Income Earned from Idle Hong Kong Dollars: Bosera International Launches “Bosera HKD Money Market ETF”
Author: Bosera Date: 14/02/2023
Bosera Asset Management (International) Co., Limited ("Bosera International") is delighted to announce that the Bosera HKD Money Market ETF ("the ETF") has been listed on the Hong Kong Stock Exchange ("HKEX") on 14 February, 2023 and the Stock Code is 03152.
The ETF can be traded on HKEX, or purchased and redeemed over-the-counter through channels such as banks and brokers. The ETF can serve as a low risk cash management tool which also provides a stable income.
Target Daily Interest
The global market has been volatile since 2022 and investors' demand for defensive assets has increased significantly. The ETF provides relatively stable returns by mainly investing in a portfolio of HKD-denominated high-quality short-term deposits and money market instruments, providing investors with the flexibility to manage idle funds while waiting for the opportunity to reenter the capital market.
Compared to HKD deposits, Bosera HKD Money Market ETF is traded daily without any lock-in period. As one of the largest fixed income teams in Hong Kong, Bosera International is able to benefit from economies of sales with its extensive counterparty resources and strong bargaining power. Investors can enjoy a relatively stable income based on safety and liquidity.
Capture the Global High Interest Rate Opportunity and Realize Asset Appreciation
The Fed has raised the federal funds target range eight times consecutively by a total of 450 basis points. Under the circumstance of high interest rate, risk assets continue to fluctuate and the ETF can offer profitability, safety and liquidity.
The ETF is the third money market fund launched under the Bosera Liquidity Management Solutions. The other two are Bosera USD Money Market Fund launched in June 2022 and Bosera RMB Money Market ETF launched in November 2022. With top ranked performance, the two money market funds have been very popular with investors since their launch. Under the relatively volatile market environment, they have met the dual needs of investors for liquidity and return.
About Bosera International
Bosera Asset Management (International) Co., Limited (“Bosera International”) is a subsidiary of Bosera Asset Management Co., Limited (“Bosera”) and China Merchants Fund Management Co., Ltd. (“China Merchants Fund”). Both Bosera and China Merchants Fund are the leading asset management institutions in Mainland China.
Established on March 4, 2010, Bosera International is one of the first Chinese-based fund companies to launch an asset management business in Hong Kong. Since its establishment, Bosera International has grasped the opportunity of global asset allocation, adhered to the concept of value investment, formed a comprehensive product line with primarily focusing on stable fixed-income investment and covering active equity and passive index, and actively established partnerships with other international companies, to provide global investors with two-way and cross-border asset management services. Bosera International serves customers in major financial markets such as the United States, Europe, South Korea, Singapore, and Hong Kong. With 12 years of deep cultivation in Hong Kong, Bosera International has become one of the largest Chinese asset management companies in Hong Kong.
Investment involves risk. Past performance of the fund is not indicative of future performance. Investors should not make investment decisions solely on the basis of the information contained in this material, but should refer to the Explanatory Memorandum and the Key Facts Statement of the Sub-Fund for further details, including the product features and risk factors before making any investment decisions. The investment value may also be affected by exchange rates. Investors should seek professional advice.
Bosera HKD Money Market ETF (the “Sub-Fund”) is a sub-fund of the Bosera Global Exchange Traded Funds Series Open-ended Fund Company (“Company”), which is a public umbrella open-ended fund company established under Hong Kong law with variable capital with limited liability and segregated liability between sub-funds. The Company has been registered with the Securities & Futures Commission (“SFC”) as an OFC and the Company and the Sub-Fund have been authorized by the SFC pursuant to section 104 of the Securities and Futures Ordinance. The SFC’s registration or authorization is not a recommendation or endorsement of the Company nor the Sub-Fund nor does it guarantee the commercial merits of the Company or the Sub-Fund or its performance. It does not mean the Company or the Sub-Fund is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
Investors should be aware that investment in any Sub-Fund is subject to normal market fluctuations and other risks inherent in the underlying assets into which the Sub-Fund may invest. There can be no assurance that any appreciation in value of investments will occur. There is no assurance that the investment objectives of a Sub-Fund will actually be achieved, notwithstanding the efforts of the Manager since changes in political, financial, economic, social and/or legal conditions are not within the control of the Manager. Accordingly, there is a risk that investors may not recoup the original amount invested in a Sub-Fund or may lose a substantial part or all of their initial investment.
This information has not been reviewed by the Securities and Futures Commission of Hong Kong. Publisher: Bosera International. Without the consent of Bosera International, you may not copy, distribute or reproduce any material or any part of this document.