Agusto & Co. affirms the ‘A(f)’ rating assigned to Vetiva Money Market Fund (‘VMMF’ or ‘the Fund’).

Rating Release

Agusto & Co. affirms the ‘A(f)’ rating assigned to Vetiva Money Market Fund (‘VMMF’ or ‘the Fund’).

The rating expires on 12 December 2022.

Agusto & Co. affirms the ‘A(f)’ rating assigned to Vetiva Money Market Fund (‘VMMF’ or ‘the Fund’). The rating is upheld by the Fund’s minimal exposure to interest rate risk and low exposure to credit and liquidity risks. In particular, the rating is reflective of VMMF’s adherence to a conservative stance in a period of low yields and rising market uncertainties. However, the rating is constrained by the unitholder concentration risk and limited capacity of the Manager’s portfolio management software. We have also taken into consideration the weakening macroeconomic environment and the impact of the low yield environment on the Fund.