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Ping An Money Market Fund's Continued Success

In a notable affirmation of stability and reliability, the Ping An Money Market Fund has maintained its prestigious 'AAAmf' rating as assessed by Lianhe Ratings Global Limited. This marks the third consecutive year that the fund has received this high-level designation, reflecting a robust performance in the competitive landscape of offshore asset management.

The Ping An Money Market Fund, managed by Ping An of China Asset Management (Hong Kong), was established in March 2021. As of December 31, 2025, the fund has amassed an impressive size of USD 6.095 billion and boasts a diverse range of investors, securing its position as a leader among its contemporaries. Recent rankings indicate that the Hong Kong-based fund consistently performs among the top in its category, with its Class I – USD Accumulation ranking prominently in the three-year performance category for USD-denominated money market funds.

The primary objective of the fund is to effectively invest in short-term deposits and high-quality money market instruments, aiming to deliver returns aligned with current money market rates while prioritizing liquidity and capital preservation. The recent re-evaluation of the fund by Lianhe Global underlines its solid ability to maintain liquidity and protect investor principal. Factors contributing to this evaluation encompass well-managed assets and minimal exposure to market risks.

The credit quality of underlying investments within the fund also met Lianhe Global’s strict criteria. The asset-weighted average credit quality was maintained at a high-investment-grade rating or above, which has been consistently observed throughout the review period since January 2025. The fund has effectively managed its concentration risk, as large asset exposures are confined to entities with strong credit ratings, ensuring sustained confidence from investors.

Liquidity has emerged as a vital element underpinning the fund’s commendable rating. The fund maintains sufficient daily and weekly liquidity to comfortably accommodate investor transactions. Additionally, the weighted average maturity and weighted average life of its investments are strategically kept below 60 and 120 days, respectively. This proactive management mitigates exposure to market risk significantly. Derivatives used in the fund are employed solely for hedging purposes, primarily to manage any currency risks arising from non-USD-denominated assets.

Armin Cheung, the portfolio manager, expressed confidence in the ongoing performance of the fund, stating: “We are delighted that Lianhe Global has maintained the Fund's 'AAAmf' rating for the third consecutive year. This sustained affirmation highlights our disciplined investment strategies and unwavering focus on liquidity and principal preservation.” Cheung's remarks emphasize the commitment of the management team to delivering first-class strategic investment solutions to clients.

Further bolstering the reputation of Ping An of China Asset Management (Hong Kong) is its well-established history since its inception in 2006. As a subsidiary of the substantial Ping An Insurance Group, PAAMC HK is licensed to conduct various regulated activities across different asset classes, positioning it as a formidable presence in the global investment management sphere.

For investors considering involvement with the Ping An Money Market Fund, it is imperative to remain cognizant of the associated risks including market volatility and potential losses. While past performances are promising, individuals must conduct thorough reviews of offering documents to make informed investment decisions.

In conclusion, the continued affirmation of the Ping An Money Market Fund’s 'AAAmf' rating serves as a significant indicator of not just the fund's current stature, but is also a promising signal for its future trajectory as a reliable investment option in the financial landscape.