AEGIES Money Market Fund

AEGIES Money Market Fund

Money Market Fund (MMF) mainly invests in money market instruments with fixed income, such as bank fixed deposits, treasury bills, commercial papers, short-term government bonds and corporate bonds, repurchase bonds and other short-term securities. These securities offer stable returns, high liquidity and high security, thus are usually utilized as a safe haven to temporarily store liquidity before making new investments. However, in countries with relatively high interest rate spreads (like Cambodia), they are not only highly liquid but also stable investment tools with high returns.

The Kingdom of Cambodia, known as Khmer in ancient times, is an ancient civilization in the Indo-China Peninsula with a history of more than 2,000 years. From the 9th century to the 15th century, the Angkor Dynasty emerged as a powerful and culturally rich nation, covering the entire territory of the Kingdom of Cambodia and parts of Thailand, Laos, and Vietnam. From the 15th century onwards, Cambodia's power gradually declined. In September 1993, the Kingdom of Cambodia became a constitutional monarchy, and the political and economic center gradually shifted from Angkor to Phnom Penh. An ancient country that had fallen under the French protectorate in the 19th century, gained independence from France in the 20th century and began to grow rapidly in the 21st century.

The young population, combined with a policy that uses the US dollar for domestic circulation and no foreign exchange controls has lured a steady flow of foreign capital for into the country's infrastructure.

Take Taiwan, as an example, First Commercial Bank Phnom Penh Branch has been present in Cambodia since 1998 and currently has 9 sub-branches. In addition to this, there are 8 sub-branches of Cooperative Commercial Bank Phnom Penh Branch, 4 sub-branches of Mega Commercial Bank Phnom Penh Branch, 16 branches of Cathay United Commercial Bank’s subsidiary and 16 branches of Cathay United Commercial Bank’s subsidiary14 branches of E. Sun Commercial Bank’s subsidiary. On top of that, Taiwan Business Bank and Sunny Bank set up microfinance institutions. Shanghai Commercial Bank acquired a microfinance finance subsidiary and Yuanta Securities established a subsidiary in the Kingdom, etc. In addition to the presence and expansion of their operations, various financial institutions from Taiwan have also established subsidiaries in Cambodia.

As these financial institutions from Taiwan gradually entered and expanded their businesses, the profits earned in Cambodia have increased year by year, and they now become the most profitable among all overseas institutions. With this trend, With this trend, Cambodia is expected to become one of the brightest stars in Southeast Asia after Vietnam in terms of future development.

Money Market Fund, the Kingdom of Cambodia - what would happen when these two completely unrelated names are tied together? It would be synonymous with a low-risk, high-reward financial product – “the AEGIES Money Market Fund." AEGIES Money Market Fund invests primarily in money market instruments such as time deposit certificates of financial institutions in the Kingdom of Cambodia. There are 54 commercial banks and 5 deposit-taking microfinance institutions in Cambodia, offering USD-denominated demand deposits and time deposits with durations ranging from 1 month to 5 years. The interest can be up to 7-8%. The high interest rate spread offers clients a different investment option, with a much higher annualised rate of return compared to homogeneous money market products in other countries, making it a valuable investment.

The Fund is invested and managed by AEGIES Fund Management Plc., which is a subsidiary of Taiwan’s HIGH-TEK Group (Stock Code 3202). Its professional fund management team has nearly 30 years of operating experience in Taiwan, and can actively improve fund investment performance through research and risk management team. We will enhance the return on investment, effectively reduce investment risk, and fulfill our corporate social responsibility and creates the highest return for investors. After the fund is established, it will be audited by a world-renowned accountant firm, so it is a safe and alternative option for investors