A fund manager launched the first FCI Money Market in US currency.
Fund manager MegaQM launched the first FCI Money Market in US currency. It has a conservative risk profile and a short-term horizon. It is for those who want to make their dollars go further.
The content you want to access is exclusive to subscribers.
to subscribe I am already subscribed
The objective of this fund, as reported, is “to reward investors’ liquidity in dollars by investing the fund’s assets in a diversified portfolio of fixed-term deposits, interest-bearing accounts in leading banks and stock market guarantees in dollars“.
Among the advantages they mentioned: liquidity, risk diversification, stable income, and operational simplicity. The Minimum investment is US$1,000 and a target equity of US$30 million is estimated.
“The fund seeks to manage short-term liquidity surpluses by investing in accrual instruments and remunerated accounts. The universe of accrual instruments acceptable to the fund is limited to Guarantees for more than 1 day, Simple Fixed Term and Precancelable Fixed Term. These instruments are arbitrated based on the term, rate and rating of the issuer, maintaining a maximum of 30%,” they explained.
