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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HK0000996931
Ping An Hong Kong Dollar Money Market Fund

  • Cash management
  • Global
  • HKD Cash
  • Accumulating
Invest with
HKD Cash
Payout type
Accumulating
Risk rating
1
About this fund
Description
The Fund seeks to achieve its investment objective by investing primarily in HKD-denominated and settled short-term deposits and high quality money market instruments issued by governments, quasi-governments, international organisations and financial...
Key information
Key fact sheet
Prospectus
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
Investing primarily into high-quality HKD money market securities issued mainly in China and Hong Kong. Leverage the strong relationship between parent company (Ping An Insurance) and domestic Chinese banks to obtain preferential rates on low duration and liquid bank deposits.
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people
People
Run by two highly experienced PMs, Armin Cheung and Vicky Yao, with a combined average industry experience of over 13 years. This duo also manages the highly popular Ping An USD Money Market Fund. Supported by Ping An’s well-resourced and dedicated Treasury team, which has extensive experience in managing the broader Ping An Group’s own money. One of the most renowned asset managers in China.
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performance
Performance
Favourable performance since inception in 2024, delivering yields and total returns in line or better than comparable market benchmarks and peers.
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process
Process
In line with capital preservation and prudent liquidity management, invests for an average portfolio maturity of less than 60 days. Has displayed the tendency to invest a relatively higher allocation to high-quality, short-duration fixed income securities in order to enhance yields; regardless, the Fund’s risk management has been superior with no single day of negative returns since inception (as of May 2025).
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cost
Cost
Institutional share class with 0% trailer fees to achieve the lowest cost of access.
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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. Given the Fund’s heavy collaboration with Chinese banks, it may also be subject to relatively higher sector-specific risks, although the team’s emphasis on high-quality issuers is solid. Investors are also reminded of the Fund’s relatively shorter track record (having been incepted in April 2024), and the Fund’s relatively higher allocation to short-term fixed income securities thus far.
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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
4.90%
YTD
2.04%
1 month
0.10%
6 month
1.37%
1 year
3.49%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Yield
1.81%As of Jul 2025
Risk metrics
Volatility
0.32%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-0.3%0.3%0.3%0.3%0.3%0.2%0.1%0.1%----
2024----0.0%0.3%0.3%0.4%0.4%0.4%0.4%0.3%0.4%
Top Exposures
Cash And Cash Equivalents42.51%
Deposits With Banks18.56%
China Ping An Insurance Overseas Hldgs Ltd Mh+0.6% M (2025-04-08 Maturity)18.55%
Mitsubishi Hc Capital Uk Plc H+0.4% Q (2025-11-28 Maturity)15.90%
Gaoteng Weinv Mn Mkt-I Hkd A3.20%
Vigorous Champion Intl Ltd 2.75% S/A (2025-06-02 Maturity)0.61%
Interest Receivable On Deposits With Bank0.59%
Interest Receivable On Financial Assets At Fair Value Through Profit Or Los0.13%
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
0.27% p.a.
Fund facts
ISIN
HK0000996931
Fund house
Ping An of China Asset Management (HK)
Fund inception date
10 Apr 2024
Fund class currency
HKD
Fund share class
I HKD Acc
Oldest share class ISIN
HK0000996931
Oldest share inception date
10 Apr 2024
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.

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