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Stock impact report

Ping An Money Market Fund Assigned 'AAAmf' Rating by Lianhe Global [Yahoo! Finance]

PING AN INS CO OF CHINA (PNGAY) 
NASDAQ:AMEX Investor Relations: pingan.cn/en/ir/index.shtml
Company Research Source: Yahoo! Finance
arm of the Ping An Insurance (Group) Company of China , Ltd. (" Ping An ") announces today that, on 7 February 2024 , Lianhe Ratings Global Limited ("Lianhe Global") assigned 'AAAmf' money market fund ("MMF") rating [1] - the highest money market fund rating - to Ping An of China Select Investment Fund Series - Ping An Money Market Fund ("the Fund"). The Fund is a USD-denominated MMF, established in March 2021 , domiciled in Hong Kong. The Fund's primary investment objective is to achieve a return in USD in line with prevailing money market rates by investing in short-term deposits and high quality money market instruments. As stated in the Lianhe Global's press release, the 'AAAmf' rating reflects the Fund's fairly strong ability to provide liquidity and preserve principal, supported by the fund's well managed asset quality, strong liquidity profile and low exposure to market risk. The Fund's credit quality met Lianhe Global's criteria for 'AAAmf' rated MMFs, with asset-weighted Show less Read more
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