The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

BOCHK Asset Management
BOCHK Asset Management has launched two money market funds – one denominated in Hong Kong dollars and the other in the US dollar. They tap into the interest in such products at a time of higher central bank rates.

The offerings are BOCHK All Weather HKD Money Market Fund and BOCHK All Weather USD Money Market Fund. Primarily invested in short-term and high-quality money market instruments, they aim to generate returns in line with the prevailing money market rates for investors. 

Fund subscriptions and redemptions could be processed as soon as the same day, the organisation said in a statement. 

“Driven by the current high interest rate environment and investor demand, we have launched two funds, an HKD money market fund and a USD money market fund, aimed at providing investors with returns in line with the prevailing money market rates,” Shen Hua, chief executive of BOCHK Asset Management, said.