Rating Release
Agusto & Co. hereby affirms the ‘Aa-(f)’ rating assigned to First Trustees ARM Money Market Fund (‘ARM MMF’ or ‘the Fund’).
The rating expires on 31 December 2024.
Agusto & Co. hereby affirms the Aa-(f) rating assigned to First Trustees ARM Money Market Fund (‘ARM MMF’ or ‘the Fund’). The rating is upheld by the Fund’s low exposure to interest rate and liquidity risks, a diverse unitholding base and the good operational track record of the Fund Manager in the financial services sector. The rating, however, remains constrained by the skewness of ARM MMF’s portfolio towards the lower end of the acceptable rating scale and breaches in the allocation limit for government securities on two occasions.