Rating Release
Agusto & Co. hereby affirms the A+(f) rating assigned to Vetiva Money Market Fund (‘Vetiva MMF’ or ‘the Fund’).
The rating expires on 12 November 2025.
Agusto & Co. affirms the A+(f) rating assigned to Vetiva Money Market Fund (‘Vetiva MMF’ or ‘the Fund’), an open-end unit trust scheme managed by Vetiva Fund Managers Limited (‘VFML’ or ‘the Manager’). The rating is upheld by the Fund’s continued low exposure to credit, liquidity and interest rate risks. Agusto & Co. also positively considers the Manager’s 10-year operational track in the domestic asset management industry and membership of an established financial services group. The rating is, however, constrained by the breaches in the single obligor limit as well as significant unitholder concentration.
