Money Market Funds (MMF)
Money Market Funds (MMF) are generally considered a relatively low-risk, high-liquidity investment option suitable for conservative capital strategies. MMFs primarily invest in short-term deposits, government securities, and high-credit-rating money market instruments. The objective is to maintain a stable Net Asset Value (NAV) while delivering consistent daily returns.
- 0 subscription fees, Investment threshold from HK$10,000, T+0 RedemptionLiquidity, Strategic idle fund optimization
- Consistent Daily Yields, instant subscription via the VictoryX App, Strategically curated and managed by elite investment teams.
The Hong Kong market features two primary MMF structures: Unlisted Traditional Open-ended Funds (direct subscription via brokerage platforms) and Listed MMFs (traded as ETFs on the Hong Kong Stock Exchange, HKEX). Certain listed MMFs also facilitate direct subscription through integrated platforms
Non-listed MMF
Available for direct subscription via PD
Available for direct subscription via PD
Priced based on NAV, typically settled after the trading day, with T+0 redemption availability
Lower overall cost structure, suitable for large allocations
Relatively stable performance, less affected by market price fluctuations
High liquidity, supporting flexible subscription and redemption
Suitable for retail investors, beginners, or those seeking stable income
Exchange-listed MMF
Traded on the HK Stock Market
Traded on the HK Stock Market
Traded on HKEX like equities with real-time buying and selling; transactions are executed in board lots (e.g. 100 units), with settlement based on executed volume
Market price may trade at a premium or discount to NAV, with demand-driven fluctuations
During periods of low liquidity, spreads may widen or immediate execution may be unavailable
Suitable for investors pursuing intraday trading strategies
Victory provides a superior selection of MMFs managed by leading firms, available for direct subscription and redemption via VictoryX. Current 7-day annualized yields are as follows:
| Products | 7D Yield | 1Year Return |
|---|---|---|
| GaoTeng WeFund-GaoTeng WeInvest Money Market Fund | - | - |
| Bosera USD Money Market ETF | - | - |
Note: Yields are non-guaranteed and are subject to market interest rate fluctuations, including HIBOR. Data is updated daily and reflects market averages. Professional consultation is recommended prior to making any investment decisions. While MMFs are low-risk instruments, no principal guarantee is provided.
Whether for individual or institutional needs, Victory ensures capital security and stable returns, achieving a perfect balance between liquidity and yield.
- Investments are focused on high-credit assets (short-term deposits, government bills, certificates of deposit). Low volatility aims to protect the principal and maintain a steady NAV.
The MMF process at Victory is engineered for efficiency through a one-stop app experience:
