United Money Market Fund (UMMF)

UMMF seeks to invest in a diversified portfolio of high-quality money market instruments that offer stable income, capital preservation, and high liquidity, enabling investors to access their funds conveniently while pursuing competitive short-term returns.

The Fund's portfolio is constructed using a laddered maturity allocation approach for short-term instruments, balancing yield and liquidity. The Fund also maintains a liquidity reserve to meet investors’ daily redemption requests. Asset allocation prioritizes investments with high liquidity and attractive market yields. The Fund continuously monitors and analyzes macroeconomic factors such as interest rates and market liquidity, as well as microeconomic factors related to the operations of issuers within the portfolio, to rebalance and allocate assets appropriately.

Key Features and Benefits
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  • Capital Preservation & High Liquidity

    Invest in high-quality money market instruments designed to preserve capital while providing easy access to your funds whenever needed.

  • Opportunity for Regular Income and Capital Growth

    USIF invests in a diversified range of assets designed to generate stable income, aiming to provide annual cash distributions to investors alongside long-term capital growth potential. This makes USIF an ideal choice for investors seeking consistent yearly income while growing their wealth.

  • Put Idle Cash to Work

    Turn short-term idle cash into a productive asset by earning competitive returns without locking up your funds.

  • No Subscription or Redemption Fees

    Enjoy the flexibility to invest and redeem conveniently without worrying about entry or exit fees.

  • Stable Returns, Low Risk

    Benefit from a portfolio of short-term, high-quality instruments that aim to deliver stable returns with minimal volatility.

  • Professional fund management company

    UMMF is managed by UOBAM (Vietnam), a subsidiary of UOB Asset Management Ltd (“UOBAM”). UOBAM is one of Asia’s leading asset management groups with over 40 years of experience and an outstanding track record, having received more than 400 international awards.
  • Individual Investors
    Put Idle Cash to Work A smart solution for short-term cash, offering the potential for higher returns while maintaining flexibility and easy access to funds.
  • Corporate & Institutional Investors
    Enhance Treasury Efficiency Optimize surplus cash through a highly liquid investment solution focused on capital preservation and disciplined risk management.
  • Mr. Do Thanh Tung, CFA – Independent Member, Chairman
  • Ms. Thieu Thi Nhat Le – Vice chairman
  • Mr. Ly Trung Thanh – Independent member 
  • Mr. Le Tien Dat – Independent member
  • Mr. Le Thanh Hung, CFA - Chief Investment Officer
  • Ms. Nguyen Hong Nhung, CFA – Portfolio Manager

Fund Name (Vietnamese)

 

Quỹ Đầu Tư United Dòng Tiền Linh Hoạt 

Fund Name (English)

 

United Money Market Fund 

Abbreviation

 

UMMF 

Fund Type

 

Open-ended Fund 

Fund Management Company

 

UOB Asset Management (Vietnam) Fund Management Joint Stock Company 

 

Custodian Bank

 

Standard Chartered Bank (Vietnam) Limited 

Risk Level

 

Low

Reference Benchmark

 

1-month deposit interest rate of Vietcombank 

Trading Frequency

 

Daily on every business day (T Day) 

Cut-off Time

 

2:45 PM on the business day immediately preceding the fund transaction day (2:45 PM on T-1) 

Management Fee

 

0.6% per annum from the date of the Fund Establishment License until completion of the Fund’s first year of operation.

1.0% per annum from the second year onward.

 

Susbcription Fee

 

0%

Redemption Fee

 

0%

Settlement Date

 

T day

Switching Fee

 

0%

Minimum Switching Quantity

 

1,000 (one thousand) fund units 

Tax

 

Subject to prevailing regulations. 

The document is for general information only. It does not constitute an offer or solicitation to deal in fund certificates in the Fund (“Fund Certificates”) or investment advice or recommendation and was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. The information is based on certain assumptions, information and conditions available as at the date of this document and may be subject to change at any time without notice. No representation or promise as to the performance of the Fund or the return on your investment is made. Past performance of the Fund or UOB Asset Management (Vietnam) Fund Management Joint Stock Company (“UOBAM (Vietnam)”) and any past performance, prediction, projection or forecast of the economic trends or securities market are not necessarily indicative of the future or likely performance of the Fund or UOBAM (Vietnam). The value of Fund Certificates and the income from them, if any, may fall as well as rise, and is likely to have high volatility due to the investment policies and/or portfolio management techniques employed by the Fund. Investments in Fund Certificates involve risks (market risk, inflation risk, interest rate risk, exchange rate risk, market price volatility risk, regulatory risk, strategic risk, investment restriction risk, valuation risk , payment risk, liquidity risk, conflict of interest risk, force majeure risk), including the possible loss of the principal amount invested, and are not obligations of, deposits in, or guaranteed or insured by UOBAM (Vietnam) or any related entity (“UOB Group”) or distributors of the Fund. To the fullest extent permitted by the applicable laws, the UOB Group may have interests in the Fund Certificates and may also perform or seek to perform brokering and other investment or securities-related services for the Fund. Investors should read the Fund’s prospectus and pay attention to service charges when trading Fund Certificates, which is available and may be obtained from UOBAM (Vietnam) or any of its appointed agents or distributors, before investing. You may wish to seek advice from a financial adviser before making a commitment to invest in any Fund Certificates, and in the event that you choose not to do so, you should consider carefully whether the Fund is suitable for you. Applications for Fund Certificates must be made on the application forms accompanying the Fund’s prospectus.