Agusto & Co assigns an A(f) rating to the Abacus Money Market Fund.
Rating Expiry: February 2021
The rating assigned to the Abacus Money Market Fund (‘Abacus MMF’ or ‘ the Fund’)reflects the Fund’s low exposure to liquidity and interest rate risk. In the review period (February 2019 – January 2020), Abacus MMF held a relatively lower 40% of net assets in risk-free government securities, with the portfolio increasingly skewed toward the minimum acceptable rating scale. The rating also reflects the Fund Manager’s well documented investment and risk management guidelines.
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