CSOP USD Money Market Fund to Launch in Singapore

SINGAPORE, July 14 (Bernama-BUSINESS WIRE) —  CSOP Asset Management (“CSOP”) will launch its third public fund in Singapore on 13 July 2022 and the initial offer period has started on 5 July 2022. Initially launched through retail distribution platform Moomoo Financial Singapore Pte. Ltd., a leading online broker in Singapore and Hong Kong, CSOP USD Money Market Fund will invest in high quality short-term money market instruments and debt securities to provide liquidity and returns comparable to USD deposit rates. With innovative product design, CSOP USD Money Market Fund renders as first T+0 subscription and redemption USD money market fund in Singapore. CSOP USD Money Market Fund is available for subscription at price of USD 1 with size of 1,000 shares in initial offer period and 100 shares after the close of the initial offer period. Worth noticing, the management fee of 0.30% per annum of the Net Asset Value will be waived for the first 3 months since official launch^¹.

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