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.