OVERVIEW

AIICO Money Market fund is an open-ended collective investment vehicles that pools investment monies from various individuals, Corporate organizations and High Net-worth Clients (HNC) for the purpose of investing in money market securities, designed to produce short to medium-term growth, income or a combination of the two.

INVESTMENT OBJECTIVE

The investment objective of the Fund is to generate regular income for unit holders by investing in high-quality, liquid, and short-tenored fixed-income instruments whilst ensuring the safety of the principal.

FUND PERFORMANCE

The AIICO Money Market Fund returned a net yield of 17.01%, compared to the benchmark rate of 16.30% set by the 91-day NTB paper.

In August, increased access to OMO securities boosted primary and secondary market activity as local investors redirected short-term liquidity toward OMO bills. Treasury bills also rallied, particularly at the long end, with stop rates rising to 17.59% before moderating to 17.15% by month-end, while long-dated OMO yields similarly eased to 19.32%. This repricing spread across the fixed-income market, contributing to gradual declines in fixed-deposit and commercial-paper rates amid stronger competition for liquidity.