About The Cash Plus

Introduction to the Cash Plus

The Cash Plus is a wealth management product for idle funds. This offers clients cash value-added services which not only meet their needs to buy stocks at any time, but also generate returns from their idle funds. At present, there are two currency funds denominated in Hong Kong dollars and U.S. dollars.

• Unrestricted stock trading with no need to worry about missing out on market opportunities
• Fully utilize your idle funds and automatically invest your cash balance in monetary funds on a daily basis
• Get value-added income higher than demand deposits, earn endless money even when the stock market is closed - including weekends

Hong Kong Dollar Fund

Fund information

Fund manager

Ms. Wonnie Chu has more than 15 years of experience in investment research and portfolio management. Before joining GaoTeng, Ms. Chu was the fixed income portfolio manager of Harvest Global Investments, which included three Morningstar five-star funds and the largest CNH fund in Asia. Prior to that, Ms. Chu worked for MetLife’s Credit Research division and Moody's Hong Kong bond rating division. In 2014 and 2015, Wonnie was ranked as the Most Astute Investor by The Asset magazine. Ms. Chu holds an MBA in Finance from New York University.

Investment strategy

GaoTeng WeInvest Money Market Fund is a sub-fund under GaoTeng WeInvest Fund, an umbrella unit trust fund incorporated in Hong Kong and regulated under the laws of Hong Kong. The fund invests in the money market at a ratio of no less than 85% of its net assets, including bank deposits and high-quality short-term corporate financing; moreover, it can invest up to 15% of its net asset value in the bond market in order to obtain better liquidity and relatively stable profitability.

Fund company

GaoTeng Global Asset Management Limited is an asset management company strategically invested in by Tencent and Hillhouse Capital. It has a first-class team and seasoned expertise in investment management at home and abroad. Members of the investment management team have an outstanding track record, and have received The Asset Benchmark Awards, AsianInvestor Achievement Awards, FinanceAsia Achievement Awards and China Securities Journal Golden Bull Awards, among numerous other awards. In 2020, GaoTeng Global received the "Asian Rising Star" and "Hong Kong - Fintech Innovation in Asset Management" awards from Asia Asset Management magazine. In 2019, GaoTeng Global was ranked among the top three "Most Astute Investors in Asian G3 Bonds" by The Asset magazine (in the Hong Kong and asset management categories). With the help of Hillhouse Capital's superior investment capabilities and Tencent's leading Internet technology advantages, the company is committed to providing high-quality and convenient wealth management products and services to Chinese people around the world.

Introduction to U.S. Dollar Fund

Fund information

Fund manager

Ms. Wonnie Chu has more than 15 years of experience in investment research and portfolio management. Before joining GaoTeng, Ms. Chu was the fixed income portfolio manager of Harvest Global Investments, which included three Morningstar five-star funds and the largest CNH fund in Asia. Prior to that, Ms. Chu worked for MetLife’s Credit Research division and Moody's Hong Kong bond rating division. In 2014 and 2015, Wonnie was ranked as the Most Astute Investor by The Asset magazine. Ms. Chu holds an MBA in Finance from New York University.

Investment strategy

This sub-fund aims to invest at least 85% of its net asset value in a series of short-term deposits and high-quality money market instruments issued by the government and leading companies, and to be recognized either by the Securities and Futures Commission (SFC) in accordance with Article 8.2 of the Code on Unit Trusts and Mutual Funds or by a money market fund that can be regulated in a manner that is generally comparable and acceptable to the SFC to achieve its investment objectives. Subject to the above provisions, at least 70% of the net asset value will be invested in U.S. dollar-denominated money market instruments and deposits; money market fund investment will not exceed 10% of the net asset value. The money market instruments that this sub-fund can invest in include: government bills, certificates of deposit, commercial bills, short-term bills, and bank acceptance bills, etc. The sub-fund may also invest up to 15% of its net asset value in high-quality debt securities.

Fund company

GaoTeng Global Asset Management Limited is an asset management company strategically invested in by Tencent and Hillhouse Capital. It has a first-class team and seasoned expertise in investment management at home and abroad. Members of the investment management team have an outstanding track record, and have received The Asset Benchmark Awards, AsianInvestor Achievement Awards, FinanceAsia Achievement Awards and China Securities Journal Golden Bull Awards, among numerous other awards. In 2020, GaoTeng Global received the "Asian Rising Star" and "Hong Kong - Fintech Innovation in Asset Management" awards from Asia Asset Management magazine. In 2019, GaoTeng Global was ranked among the top three "Most Astute Investors in Asian G3 Bonds" by The Asset magazine (in the Hong Kong and asset management categories). With the help of Hillhouse Capital's superior investment capabilities and Tencent's leading Internet technology advantages, the company is committed to providing high-quality and convenient wealth management products and services to Chinese people around the world.

Trading Rules

Automatic Subscription

After signing the "Balance Services Authorization,", the idle funds in your Broker‘s account will be automatically transferred to the GaoTeng Monetary Market Fund corresponding to the Excess Funds Facility. The minimum investment amount is HKD 0.01 for the HKD-denominated money market fund and USD 0.01 for the USD-denominated money market fund.

Automatic Redemption

When deductions occur, the money market fund's position will be automatically deducted as needed at settlement. It is expected that this will primarily cover the purchase of stocks, funds and other products and cash withdrawals.

The full amount will be transferred out upon the cancellation of the monetary fund's automatic investment agreement.

Manual Redemption

Customers can apply for redemption at any time on the Cash Plus page. If the redemption request is submitted before 9:10 am on the trading day, the redeemed funds will not be automatically transferred to Cash Plus within 3 natural days (if the redemption is submitted later than 9:10 am on the T-day, the redeemed funds will not be automatically transferred to Cash Plus within T+3 days). The redeemed funds can be immediately used for stock trading, IPO subscription, currency exchange, and withdrawal. The redemption funds will be credited on T+1 at the latest.

Trading Time

Automatic inbound and outbound transfers are made at a fixed time daily without the need to agree on a specific trading time

Cycle

Within one business day of the funds being credited to the account, they will be automatically transferred to the money market fund and interest will accrue. Note: Cycles are calculated on the basis of a statutory business day in Hong Kong, and extended accordingly in the event of a holiday.

Last 7-day Earnings and the 7-day Annualized Interest Rate Period

The 7-day period refers the last 7 trading days. Note: Calculations are made on the basis of a statutory business day in Hong Kong.