Important risk disclosure

Please click here and read carefully the summary of the key features and risks specific to this fund stated in the offering document prepared by the relevant fund house before making any investment decision.

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HK0000055738
JPM Money Fund - HK$

  • Cash management
  • Global
  • HKD Cash
  • Accumulating
Invest with
HKD Cash
Payout type
Accumulating
Risk rating
1
About this fund
Description
The Fund is to provide an efficient vehicle for holding liquid assets currently denominated in the currency of Hong Kong. The manager will invest funds solely in deposits and money market instruments with unexpired maturities of less than 397 days (o...
Key information
Annual report
Key fact sheet
Prospectus
Information Memorandum
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
Offers a conservatively managed portfolio of HKD-denominated cash and money market securities issued by high-quality global issuers. Focus on capital preservation and liquidity. One of the oldest and largest HK$ money market funds in the market; it was incepted in 1983.
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people
People
Managed by Co-PMs Aidan Shevlin and Masaomi Shimada, who come with an average industry experience of 24 years. Supported by JP Morgan’s well-resourced credit research platform, consisting of more than 40 investment professionals with more than 20 years of average industry experience. JP Morgan has been managing liquidity since the 1980s, and currently stands as one of the largest institutional money market managers globally.
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performance
Performance
The Fund has demonstrated ability to generate consistent yield and total return since inception, at levels in-line with conservative liquidity management practices. However, note that yield/total return may remain at 0% during low-rate environments, which is within expectations of its conservative investment mandate.
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process
Process
In line with capital preservation and prudent liquidity management, the Fund does not seek to generate yield through opportunistic allocations to duration or credit spreads. Potential holdings are evaluated rigorously using JP Morgan’s internal credit rating system, which is more stringent than external ratings. The PMs can construct the portfolio only with the names that are on the “approved” list.
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cost
Cost
Retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access. In periods of low-yield environments, management fee will be waived.
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selectionCriteria
How it fits in a portfolio
The fund aims to provide capital preservation and liquidity for investors looking for short-term liquidity management for cash (HKD) that they will need in the very near future, in addition to the potential to earn yield. Note that capital preservation is the utmost objective of the Fund, but is not guaranteed. Updated as of Updated as of 2024/10/07
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Invest in this fund
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Total returns
All Time
23.08%
YTD
1.53%
1 month
0.04%
6 month
0.94%
1 year
2.77%
3 year
10.45%
5 year
10.65%
10 year
14.73%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Yield
0.76%As of Jul 2025
Risk metrics
Max drawdown
-0.01%As of Aug 2025
Volatility
0.41%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-0.3%0.3%0.3%0.3%0.2%0.1%0.1%0.0%----
20244.1%0.4%0.4%0.3%0.4%0.3%0.3%0.4%0.3%0.3%0.3%0.3%0.3%
20233.7%0.3%0.2%0.2%0.2%0.3%0.3%0.3%0.4%0.3%0.4%0.3%0.4%
20220.9%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.1%0.1%0.2%0.2%0.3%
20210.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
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Subscription details
The fund manager of this fund requires an additional day for processing, and the trading price will be locked in on the next business day
Redemption details
The fund manager of this fund requires an additional day for processing, and the trading price will be locked in on the next business day
Top Exposures
Ing Bank Nv-Hong Kong 0.01 02Jul2025 (2025-07-02 Maturity)17.27%
The Bank Of Nova Scotia-Hong Kong 0.01 02Jul2025 (2025-07-02 Maturity)11.51%
The Bank Of Nova Scotia-Hong Kong 0.1 02Jul2025 (2025-07-02 Maturity)5.76%
Bng Bank Nv 14Jul2025 (2025-07-14 Maturity)2.30%
Industrial And Commercial Bank Of China Limited Sydney Branch 0.95 20aug202 (2025-08-20 Maturity)2.30%
Kreditanstalt Fur Wiederaufbau 27Aug2025 (2025-08-27 Maturity)2.30%
Agence Centrale Des Organismes De Securite Sociale 18Aug2025 (2025-08-18 Maturity)2.30%
Bank Of China Limited, Macau Branch 03oct2025 (2025-10-03 Maturity)2.30%
Landeskreditbank Baden-Wurttemberg Forderbank 07Jul2025 (2025-07-07 Maturity)2.30%
Bred Banque Populaire 26Sep2025 (2025-09-26 Maturity)2.29%
Dz Bank Ag, Deutsche Zentral-Genossenschaftsbank, Frankfurt-Am-Main - Londo (2025-09-30 Maturity)2.29%
Agricultural Bk Cn/Macao Dsc 24 Sep 2025 (2025-09-24 Maturity)2.29%
Hong Kong Dollar1.80%
Sumitomo Mitsui Banking Corporation 0% (2025-09-30 Maturity)1.61%
Oversea-Chinese Banking Corp Ltd. 0% (2025-08-12 Maturity)1.61%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
0.30%0.18% p.a.
Save 40%
Fund facts
ISIN
HK0000055738
Fund house
JP Morgan
Fund size
HK$561.6M
As of 29 Aug 2025
Fund inception date
16 Jun 1983
Fund class currency
HKD
Fund share class
HK$ Acc
Oldest share inception date
16 Jun 1983
Pricing frequency
Daily

Warning statements

  • All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
  • Past performance is not indicative of future performance.
  • Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
  • If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

Opinions Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endowus HK Limited (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus HK Limited, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider (i) whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.

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