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No Offer or Advice

The information and materials contained in or accessed through this Website shall not be considered or construed as an offer or solicitation to sell, buy or otherwise deal in or as the giving of any advice in respect of shares, stocks, bonds, notes, interests, unit trusts, mutual funds or other securities, investments, loans, advances, credits or deposits in any jurisdiction.

By proceeding to read this information you are agreeing that you do not reside in, or are not proposing to purchase or subscribe for any products or using any services from, any jurisdiction outside HKSAR.

Products and services are available only at the discretion of Huatai HK, subject to the individual terms and conditions on which they are offered and such products and services may be withdrawn or amended at any time without notice. Fees, commissions or other charges may apply to certain products or services – Huatai HK can provide details on request.

The information contained in this Website is not intended to provide professional advice and should not be so relied upon. Persons accessing these pages are advised to obtain appropriate professional advice when necessary.

 

Investment Risks

Investment involves risks, including the loss of principal. The price of units or shares of the Sub-Fund may go up as well as down. Past performance is not indicative of future results. The value of the Sub-Fund can be extremely volatile and could go down substantially within a short period of time. Investors should not make investment decisions only base on this material alone. The information provided herein is general in nature. Please read the Sub-fund’s Explanatory Memorandum and the Product Key Facts Statement for details including the full text of the risk factors stated therein.

Information contained in this website has not been reviewed by the SFC.

SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

 

Changes to Website and Conditions of Use

Huatai HK reserves the right in its sole and absolute discretion to change without prior warning or notice of any information or material contained in this Website, as well as these conditions of use in relation to this Website.

 

Governing Law and Jurisdiction

The information and materials contained in or accessed through this website are provided on the basis they are available and for use only in the HKSAR. By accessing this Website and/or using the online services, you agree that such access and/or use, as well as these conditions of use shall be governed by, and construed in accordance with, the laws of the HKSAR and you agree to submit to the non-exclusive jurisdiction of the courts of the HKSAR.

 

Personal Information Privacy

Unless restricted by applicable law, you agree that any and all personal information/data relating to you collected by Huatai HK from this Website from time to time may be used and disclosed for such purposes and to such persons as may be in accordance with Huatai HK’s current Data Protection and Privacy Policy.

A copy of current Data Protection and Privacy Policy of Huatai HK may be accessed by clicking here.

 

Online Behavioural Tracking

To assist in our understanding of your interest in our websites and applications, and to store and maintain user preferences, Huatai HK works with professional digital analytic solution providers to help us record and research certain usages and activities on parts of our websites and applications. We will only collect information about how you use a computer, mobile phone or any other electronic device (together referred to here as a "device") that takes you online to browse our websites and applications by using cookies and similar technologies.

A cookie is a small computer file that is sent from a website to the browser of a device and stored in that device. Each website can send its own cookies to the browser but the browser only permits a website to access the cookies it has sent to the browser previously. The cookie does not contain the user's name, address, phone number, email address, or anything that personally identifies the user. No personally identifiable information about you is collected or shared by Huatai HK with the professional digital analytic solution providers or any other third parties through this research and all information will be cleaned up 13 months after the data collection.

Currently we do not provide functions to opt out cookie tracking. The reason is all opt out settings for cookies tracking will become invalid if you delete or clear your cookies, or if you change the web browser you are using. To avoid confusion, if you do not want us to collect data from your browser, we suggest you configure your privacy settings within the browser. Please note that if you block all cookies entirely, Huatai HK websites and applications may not function properly.

 

Confidentiality

You agree that Huatai HK shall not be under any obligation of confidentiality to you regarding any such information or materials submitted to Huatai HK using this Website unless agreed otherwise in a separate direct contract between you and Huatai HK or required by law.

 
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Select Fund

Huatai International
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Huatai Global Investment Fund –
Huatai HKD Money Market Fund

(Fund Type：Hong Kong Umbrella Unit Trust)

Important Notes：

Investment involves risks, including the loss of principal. The price of units or shares of the Sub-Fund may go up as well as down. Past performance is not indicative of future results. The value of the Funds can be extremely volatile and could go down substantially within a short period of time. The Explanatory Memorandum and the Product Key Facts Statement of the Sub-Fund can be downloaded from this website. Investors should not make investment decisions only base on this material alone. The information provided herein is general in nature. Please read the Sub-fund’s Explanatory Memorandum and the Product Key Facts Statement for details including the full text of the risk factors stated therein.

Please note:
• Huatai HKD Money Market Fund, being a sub-fund of the umbrella unit trust  constituted by the Trust Deed and called Huatai Global Investment Fund. The investment objective of the Sub-Fund is to provide return in line with prevailing money market rates in HKD by primarily investing in short-term deposits and high quality money market instruments denominated in HKD. There can be no assurance that the Sub-Fund will achieve its investment objective.

• The Fund and the Sub-Fund(s) have been authorised by the SFC as a collective investment scheme pursuant to section 104 of the SFO.  The SFC’s authorisation is not a recommendation or endorsement of the Fund and the Sub-Fund(s) nor does it guarantee the commercial merits of the Fund and the Sub-Fund(s) or their performance. It does not mean the Fund or the Sub-Fund(s) is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

 

Risk Factors:
Investors should not only base on this website alone to make investment decisions. Please read the Sub-Fund’s Explanatory Memorandum and the Product Key Facts Statement for details including the full text of the risk factors stated therein.

a) Investment risk

The Sub-Fund is an investment fund and not a bank deposit. The Sub-Fund may fall in value due to any of the key risk factors below and therefore investors may suffer losses. There is no guarantee of repayment of capital.

b) Risks associated with debt securities

• Short-term debt securities risk - the turnover rates of the Sub-Fund’s investments may be relatively high and the transaction costs incurred as a result of the purchase or sale of such securities may increase.

• Volatility and liquidity risk - The debt securities in some of the markets in which the Sub-Fund invests may be subject to higher volatility and lower liquidity compared to more developed markets.     

• Credit risk - The Sub-Fund is exposed to the credit/insolvency risk of issuers of the debt securities that the Sub-Fund may invest in.  

• Interest rate risk - Investment in the Sub-Fund is subject to interest rate risk.    

• Credit rating risk - Credit ratings assigned by rating agencies are subject to limitations.    

• Valuation risk - Valuation of the Sub-Fund’s investments may involve uncertainties and judgmental determinations.   

• Downgrade risk - The credit rating of an issuer or a debt security may subsequently be downgraded due to changes in the financial strength of an issuer or changes in the credit rating of a debt security.      

• Sovereign debt risk - Investment in sovereign debt obligations issued or guaranteed by governments may be exposed to political, social and economic risks.

c) Risks associated with bank deposits

The Sub-Fund will invest in HKD-denominated and non-HKD-denominated short-term deposits, which are subject to the credit risks of the financial institutions that offer and act as counterparties of such deposits. As such deposits may not be protected or fully protected under any deposit protection schemes.

d) Foreign currency risk,

Certain investments acquired by the Sub-Fund are denominated in currency(ies) (such as USD) different from the base currency. The net asset value of the Sub-Fund may be affected favourably or unfavourably by the exchange rates between the base currency and currency(ies) of investments acquired by the Sub-Fund and by changes in exchange rate control.

e) Concentration risk

The Sub-Fund will invest primarily in HKD-denominated and settled instruments. The Sub-Fund is therefore likely to be more volatile than a broad-based fund that adopts a more diversified strategy.

f) Hedging risk

The Sub-Fund may acquire financial derivatives instruments for hedging and in adverse situations, such hedging may become ineffective and the Sub-Fund may suffer significant losses.

g) Risk associated with money market fund

The Sub-Fund is an investment fund and not a bank deposit. The Fund may fall in value due to any of the risk factors below and therefore investors may suffer losses. The Sub-Fund does not guarantee principal. The Sub-Fund is not subject to the supervision of the Hong Kong Monetary Authority. The Sub-Fund does not have a constant Net Asset Value.

• You should not invest in the Sub-Fund unless the intermediary who sells it to you has explained to you that the Sub-Fund is suitable for you having regard to your financial situation, investment experience and objectives.

• No dividends will be declared or distributed to Unitholders of the Sub-Fund.

Fund Overview
Investment Objective

The Sub-Fund’s objective is to provide return in line with prevailing money market rates in HKD by primarily investing in short-term deposits and high quality money market instruments denominated in HKD.

Investment Strategy

A.         Primary Investment

The Sub-Fund may invest not less than 70% of its net asset value in HKD-denominated and settled short-term deposits and high quality money market instruments issued by governments, corporations, quasi-governments, international organisations and financial institutions. The Sub-Fund may invest up to 30% of its net asset value in non-HKD-denominated deposits and high quality money market instruments. High quality money market instruments include debt securities, commercial papers, certificates of deposits, short-term notes and commercial bills.

In assessing whether a money market instrument is of high quality, at a minimum, the credit quality and the liquidity profile of the money market instrument must be considered, as follows:

 

-       Credit rating: The Sub-Fund will only invest in (i) debt securities rated investment grade, or (ii) debt securities issued/guaranteed by issuers/guarantors who are rated investment grade. For the purposes of the Sub-Fund, “investment grade” means a short-term credit rating of A-2 or above by Standard & Poor’s or equivalent rating as rated by one of the international credit rating agencies, or (in the absence of a short-term credit rating only) a long-term credit rating of BBB or above by Standard & Poor’s or equivalent rating as rated by one of the international credit rating agencies. For split credit ratings, the highest rating shall apply.

 

For the avoidance of doubt, the Sub-Fund does not intend to invest in debt securities with a long term to maturity remaining at the time of investment. The long-term credit ratings will only be considered where the Sub-Fund invests in debt securities which have long-term credit ratings only and no short-term credit ratings, but have a shorter term to maturity remaining (subject to the restrictions on remaining maturity, weighted average maturity and weighted average life of the portfolio of the Sub-Fund as set out below) at the time of purchase by the Sub-Fund.

 

-       Weighted average maturity and weighted average life: The Sub-Fund will maintain a portfolio with weighted average maturity not exceeding 60 days and a weighted average life not exceeding 120 days and must not purchase an instrument with a remaining maturity of more than 397 days, or two years in the case of government and other public securities.

There is no specific geographical allocation of the country of issue of the high quality money market instruments or short-term deposits. Countries or regions in which the Sub-Fund may invest in include but are not limited to Greater China (referring to offshore China, i.e. Hong Kong, Macau and Taiwan) and Singapore.  It is not expected that the Sub-Fund will invest in onshore China or emerging markets.

B.  Ancillary Investments

The Sub-Fund may invest up to 10% of its net asset value in money market funds authorised in Hong Kong by the Securities and Futures Commission of Hong Kong (“SFC”) under Chapter 8.2 of the Code on Unit Trusts and Mutual Funds (“Code”) or regulated in a manner generally comparable with the requirements of the SFC and acceptable to the SFC.

The Sub-Fund may invest up to 15% of its net asset value in asset backed securities, such as mortgage backed securities. Such asset backed securities are issued in regions including but not limited to Greater China (referring to offshore China, i.e. Hong Kong, Macau and Taiwan) or Singapore, and are rated investment grade by one of the international credit rating agencies.

The aggregate value of the Sub-Fund's holding of instruments and deposits issued by a single entity will not exceed 10% of the total net asset value of the Sub-Fund except:

(i)      where the entity is a substantial financial institution and the total amount does not exceed 10% of the entity’s share capital and non-distributable capital reserves, the limit may be increased to 25%;

(ii)     in the case of government and other public securities, up to 30% may be invested in the same issue; or

(iii)    in respect of any deposit of less than USD1,000,000, where the Sub-Fund cannot otherwise diversify as a result of its size.

The aggregate value of the Sub-Fund’s investment in entities within the same group through instruments and deposits will not exceed 20% of its net asset value provided that:

(i)     the aforesaid limit will not apply in respect of cash deposit of less than USD1,000,000 or its equivalent in the base currency of the Sub-Fund, where the Sub-Fund cannot otherwise diversify as a result of its size; and

(ii)    where the entity is a substantial financial institution and the total amount does not exceed 10% of the entity’s share capital and non-distributable capital reserves, the limit may be increased to 25%.

The Sub-Fund may borrow up to 10% of its net asset value but only on a temporary basis for the purpose of meeting redemption requests or defraying operating expenses. The Sub-Fund will not invest in any convertible bonds, instruments with loss absorption features or urban investment bonds.

The Sub-Fund may enter into sale and repurchase transactions for up to 10% of its net asset value but only on a temporary basis for the purpose of meeting redemption requests or defraying operating expenses, provided that the amount of cash received by the Sub-Fund under sale and repurchase transactions may not in aggregate exceed 10% of its net asset value. The Sub-Fund will not enter into securities lending and reverse repurchase transactions in respect of the Sub-Fund.

The Sub-Fund may use financial derivative instruments (including interest rate swaps and currency swaps) for hedging purposes only.

Fund Information
Fund Manager Huatai Financial Holdings (Hong Kong) Limited
base Currency Hong Kong Dollar
Fund Launch Date 2023-Aug-15
Dealing Frequency Daily
Distribution Policy No dividends will be declared or distributed.
Financial year-end of the Sub-Fund Dec-31
Inception Date Class A HKD ：2023-Aug-18
Class B HKD： 2023-Oct-10
Class I HKD ：2023-Aug-21
Class S HKD ：2023-Aug-15
Management fee

Class A HKD Units: up to 1% p.a. currently 0.3% p.a.

Class A RMB Units: up to 1% p.a. currently 0.3% p.a.

Class B HKD Units: up to 1% p.a. currently 0.6% p.a.

Class I HKD Units: up to 0.5% p.a. currently 0.1% p.a.

Class I Dist HKD Units: up to 0.5% p.a. currently 0.1% p.a.

Class S HKD Units: up to 0.5% p.a. currently 0% p.a.
Subscription fee Up to 1% of the amount subscribed
Redemption fee None
Minimum Initial investment

Class A HKD ：HKD 0.01

Class A RMB：RMB0.01

Class B USD： HKD 0.01

Class I HKD ：HKD 1000000

Class I Dist HKD：HKD80000000

Class S HKD ：HKD 0.01
Minimum Additional investment

Class A HKD ：HKD 0.01

Class A RMB：RMB0.01

Class B HKD： HKD 0.01

Class I HKD ：HKD 100000

Class I Dist HKD：HKD 100000

Class S HKD ：HKD 0.01
ISIN

Class A HKD ：HK0000951506

Class A RMB：HK0001069001

Class B HKD： HK0000951514

Class I HKD ：HK0000951522

Class I Dist HKD：HK0001069019

Class S HKD ：HK0000951530

Bloomberg Ticker

Class A HKD: HUAMNYA HK Equity                                                             

Class A RMB: HUAMARM HK Equity
Class B HKD： HUAHKMB HK Equity
Class I HKD ：HUAMRFI HK Equity
Class S HKD ：HUAMONS HK Equity
Fund Administrator/Trustee Bank of Communication Trustee Limited
Auditor PricewaterhouseCoopers
Legal Advisor Deacons
Historical NAVs
Historical NAVs
Start Date:
End Date:
Reset
Cumulative Return
  1 Month 3 Month 6 Month YTD Since Inception2 20233
Class A HKD 0.31% 0.99% 2.08% 3.62% 5.47% 1.79%
Class B HKD 0.30% 0.92% 1.93% 3.37% 4.57% 1.16%
Class I HKD 0.33% 1.05% 2.18% 3.81% 5.03% 1.18%

  As of 2024-Oct-31

Source: Bloomberg， Huatai Financial Holdings (Hong Kong) Limited                                                                                                            

 1.Past performance information is not indicative of future performance. Investors may not get back the full amount invested     2.Calculated since the inception of each Class of Unit (excluding Class I HKD). Class I HKD recalculated since 2023/10/05.                 3.Calculated since the inception of each Class of Unit to 2023/12/30(excluding Class I HKD). Class I HKD recalculated since 2023/10/05.                                                                                                                                                                                                               4.NAV-to-NAV return total return with dividend (if any) reinvested

 

Portfolio Allocation
Documents, Annoucements & Notices
Documents
Factsheet 202410Download
Explanatory MemorandumDownload
Product Key FactsDownload
Huatai HKD Money Market Fund 2024 Interim ReportDownload
Annoucements & Notices
Subject Type Date
Notice to UnitholdersNotice2024-08-30
Notice to unitholders - Huatai Global Investment Fund (management fee waiver)Notice2023-08-31
Distributors
  • Huatai Financial Holdings (Hong Kong) Limited
  • Tiger Brokers (HK) Global Limited
  • Bank of Communications (Hong Kong) Limited
  • China Industrial Securities International Brokerage Limited
  • SunRiver International Securities Group Limited
Disclaimer

Huatai Financial Holdings (Hong Kong) Limited is the issuer of this website. The information and materials contained in or accessed through this Website shall not be considered or construed as an offer or solicitation to sell, buy or otherwise deal in or as the giving of any advice in respect of shares, stocks, bonds, notes, interests, unit trusts, mutual funds or other securities, investments, loans, advances, credits or deposits in any jurisdiction.

Investment involves risks, including the loss of principal. The price of units or shares of the Sub-Fund may go up as well as down. Past performance is not indicative of future results. The value of the Sub-Fund can be extremely volatile and could go down substantially within a short period of time. You should read the Sub-Fund’s Explanatory Memorandum and Product Key Facts Statement for details, including risk factors. Investors should not make investment decisions only base on this material alone.

Information contained in this website has not been reviewed by the SFC.

SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

Copyright © 2023 Huatai Financial Holdings (Hong Kong) Limited