Hong Kong’s first money market ETF draws investors

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https://m.scmp.com/business/markets/...-expected-15pc

[shri]

Zhang said the ETF will invest mainly in Hong Kong dollar denominated short-term deposits. With a management fee of 0.3 per cent per annum, the fund is expected to achieve around 1.5 per cent annualised return after fees.

As the Hibor is expected to continue rising in the second half of the this year, Zhang said the investment returns will also increase.

Is this good value considering trading costs of about 0.5% (0.25% x 2)? Say you hold for 2 years, your return will be 2.5% max-ish?

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I guess money market funds are seen more as a safety investment rather than going for hight returns. Better to earn 1.5% than keeping the money in the bank and more flexible than time deposits.

BTW trading as 3053.

Just seen quite a high barrier of entry, board lot of 1,000 shares and trading at HKD1,000.25 per share.

[aussie_oi_oi_oi]

terrible value, my hk mortgages offers 2.25pc offset tax free interest, happy to take investors on and provide 2.15pc