Market Chatter: Value Partners Launches First Money Market ETFs to Boost Liquidity, Diversification

MT Newswires Live
Oct 17

Value Partners (HKG:0806) has listed its first three money market exchange-traded funds in Hong Kong, aiming to offer investors better liquidity and risk diversification amid volatile global markets, The Standard reported Thursday.

Alex Chiu, senior strategist for ETF business at Value Partners, said investors have increasingly turned to defensive assets such as gold and money market funds despite rallies across asset classes this year, according to the report.

He added that money market products serve as a cash-parking tool, allowing daily subscriptions and redemptions, which is a useful feature as Hong Kong's IPO market heats up, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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