The fund aims to deliver returns in excess of those offered by money market funds and similar levels of liquidity, without significantly increasing risk.
INVESTMENT MANDATE
The fund is a specialist yield-enhanced money market portfolio that offers diversification, high liquidity and very low volatility by investing in money market and short-term debt instruments.
Compared to money market unit trusts, it will have a marginally higher risk exposure in order to provide yield enhancement. However, low volatility is a key criterion for this product. The maximum average duration of this fund is 365 days. Derivatives may be used for risk management purposes.
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