Agusto & Co assigns an A(f) rating to ValuAlliance Money Market Fund (‘ValuAlliance MMF’ or ‘the Fund’)
The rating expires on 2 March 2022.
The rating is upheld by the Fund’s low exposure to credit, liquidity and interest rate risks. However, the rating is constrained by the absence of a dedicated portfolio management software and the limited experience of the two lead portfolio managers. In addition, the rating takes into consideration the current weak macroeconomic environment and the low yields available on money market securities.