Rating Release

Agusto & Co. hereby upgrades the rating assigned to United Capital Money Market Fund to ‘Aa-(f)’.

The rating expires on 26 August 2027

Agusto & Co. hereby upgrades the rating assigned to United Capital Money Market Fund (“UCMMF” or “the Fund”) to ‘Aa-(f)’. The rating reflects UCMMF’s improved credit risk profile, with significantly reduced exposure to securities at the lower end of the acceptable rating scale in the review period. The rating also reflects the Fund’s sustained low exposure to liquidity and interest rate risks, as well as its adherence to regulatory limits, despite growing assets under management (AuM). In addition, we view positively United Capital Asset Management Limited’s (“UCAML” or “the Manager”) strong operational track record in the management of collective investment schemes. Nonetheless, we have also taken into consideration the impact of the adverse macroeconomic environment on driving business growth.