The daily average return of the US dollar money market fund exceeds 1! Can it continue to rise?

On September 22, 2022, the Federal Reserve of the United States announced a 75 basis point rate hike, marking the fifth rate hike this year with a cumulative increase of 300 basis points.

During the rate hike cycle, while other major asset classes have fallen, The USD mmf is the most direct beneficiary variety, and will quickly reflect on the returns。

Using a certain USD mmf listed on the Futu Big Elephant platform as an example;

On October 12, the average daily income per ten thousand exceeded 1 USDcontinuously surpassing the highest point in nearly two years.

At the same time, due to its peg to the US dollar, the currency fund in Hong Kong dollars is also "riding the tide"!

Taking a certain Hong Kong dollar currency fund on the Futu platform as an example,As of October 12th, the average daily yield has exceeded 0.79, close to 0.8, and the trend has continued to break the high point of the past 2 years.

How long will the rate hike continue?

Most investors in the market hold a hawkish view. Some institutions believe that the rising trend of overseas money market fund yields is likely to continue. (Source: Gaoteng International)

What is your opinion on the current market situation and the importance of money market funds in personal assets?Let's discuss together~

【Activity Rules】

Participate in the topic and express your opinions. Click to participate in the topics

The reference perspective is as follows:(You can choose one for analysis)

1) What currency fund do you currently prefer to hold, and why?

What proportion of idle assets/mmfs do you currently hold? How do you consider it?

What is your strategy for allocating cash/mmfs? (such as directly activating automatic subscription and redemption, constantly switching to the highest income, purchasing multiple...)

What other stable and reliable cash management tools do you think are currently available?

【Event Duration】

October 13th - October 27th 23:59

【Activity Rewards】

The official selection will be based on comprehensive arguments, excellence, value, popularity, and other aspects.

Essence Award (3 winners): The top 3 mooers will each receive a set of Christmas gift boxes.

Participation Award: Participants who engage in discussions with over 30 words will receive 50 points, no limit on the number of participants.

【Special Note】

1. Plagiarism, copying and pasting, and other improper behaviors are strictly prohibited. Once discovered, the eligibility for the prize will be cancelled.

2. Each user can receive up to one award, awards are not cumulative

3. The final interpretation right of this activity belongs to Futu.

The final list of rewards for this event and the way to claim them will be announced within 15-30 working days after the event ends. If you have any questions, please contact us.@象象。

In addition, mooers interested in money market funds can click the link below to learn more:

Click to activate the automatic subscription and redemption of money market funds >>(After activation, idle funds in the account can earn returns through money market funds daily, allowing for trading without manual redemption!)

Futu reserves the right of final interpretation and decision for the event. This document should not be considered an invitation, solicitation, recommendation, or basis for buying or selling any investment products or making investment decisions, nor should it be construed as professional advice. Individuals reading this document or making any investment decisions should fully understand the risks, as well as the relevant legal, tax, and accounting implications, and decide whether the investment is suitable for their financial situation and investment objectives, and whether they can bear the related risks. If necessary, seek appropriate professional advice. Investment involves risks, and investors should carefully read fund information and related documents (including their risk factors). Please note that the price of fund products can rise or fall, may fluctuate significantly in a short period, and investors may not be able to recover their investment in the fund; past performance of funds does not predict future performance. In this document, any similar forward-looking statements should not be considered guarantees of future performance, and it should be noted that actual situations or developments may differ significantly from such statements.

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