Endowus CashUp model portfolios are composed of cash, money market and short duration bond funds, which are investment funds that hold high quality and low volatility institutional fixed deposits and fixed income instruments. There are no lock-ups for these funds.
Endowus CashUp Simple is composed of 2 funds:
50% Ping An USD Money Market Fund (ISIN: HK0000720810)
Fund Type: Cash/Money Market
Fund Manager: Ping An
Description: The Fund seeks to achieve a return in USD in line with prevailing money market rates by investing in short-term deposits and high quality money market instruments.
50% HSBC Global Money US Dollar (ISIN: HK0000465952)
Fund Type: Cash/Money Market
Fund Manager: HSBC AM
Description: The Fund aims to preserve capital and provide daily liquidity together with an investment return that is comparable to US sovereign money market rate in the base currency of the Fund.
Endowus CashUp Plus is composed of 2 funds:
50% Ping An USD Money Market Fund (ISIN: HK0000720810) - as above
50% Amundi Cash USD Fund (ISIN: LU0568621022)
Fund Type: Cash/Money Market
Fund Manager: Amundi
Description: The Fund seeks a stable performance in line with the Compounded Effective Federal Funds Rate Index by investing at least 67% of its total assets in money market instruments denominated in USD or hedged against USD.
To find out more about Endowus CashUp Portfolios, click here.