ValuAlliance Launches Money Market Fund
ACA through its Asset Management subsidiary, ValuAlliance Asset Management Limited in June 2020, launched the ValuAlliance Money Market Fund (VMMF or Fund). This Fund targets individuals looking for a vehicle to conservatively grow and optimize their savings or seeking a flexible option for cashflow and liquidity management.
VMMF is a SEC registered Collective Investment Scheme, whose primary objective is to provide investors with a steady return on capital, liquidity and capital preservation by investing in a diversified portfolio of high-quality short-term money market instruments which will include short term government securities, unsubordinated short-term debt instruments such as commercial papers, bankers’ acceptances, and fixed deposits.
The Fund, which will be actively managed by experienced investment managers, has an indicative rating of “A-” from Agusto & Co, and is targeted at Individuals and Corporates that desire a safe, stable, liquid and reliable cash management vehicle and an alternative to deposit accounts.
To learn more about the Fund, click here.