Fitch Thailand Affirms Rating of TMB Treasury Money Fund at ‘AAA(tha)’/'V1+(tha)’
Fitch Ratings (Thailand) Limited has today affirmed the National fund ratings of TMB Treasury Money Fund at ‘AAA(tha)’/'V1+(tha)’. The ratings reflect the fund’s highest standards for credit quality, its conservative investment policies and the safety of the principal relative to other bond funds in Thailand in terms of portfolio assets, diversification, investment management and operational capabilities.
The objective of TMB Treasury Money Fund is to provide stable returns consistent with the preservation of capital and maintain a high standard of liquidity by investing exclusively in high-quality money market instruments.
The fund’s investment policy is to maintain at least 85% of its net asset value (NAV) in treasury bills, government bonds, Bank of Thailand (BoT) bonds and other debt instruments guaranteed by the government or the BoT. The remainder is invested in bank deposits for liquidity support purposes. The fund cannot invest in any corporate debt instruments. The fund maintains a weighted average maturity (WAM) of a maximum of 60 days, and only invests in instruments that have a maximum remaining maturity of 92 days.