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First Macau MOP-denominated fund finishes 1st year with MOP318 mln in assets
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First Macau MOP-denominated fund finishes 1st year with MOP318 mln in assets
The A&P Macau Patacas Money Market Fund, the city’s first publicly offered fund denominated in Macau patacas (MOP), has celebrated its first anniversary with assets under management reaching MOP318 million ($38.3 million) and delivering an annualized yield of 2.98 per cent despite a turbulent interest rate environment. The fund, launched in July 2024 by A&P Investment Fund Management Company Limited was designed to bolster Macau’s financial mark…
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