FUTU MONEY PLUS provides various investments, including bond funds, equity funds, and balanced funds.
Cash Plus is Futu's premier money market fund brand. Cash Plus funds invest in low-risk money market financial instruments such as government short-term bonds, and fixed deposits in banks, making them ideal for investors who prefer a cautious approach to investing their money.
Below are some key features of Cash Plus.
Put your uninvested cash to work by investing in Cash Plus, which can be redeemed immediately at any time for trading stocks, IPOs, and mutual funds.
Notes:
1. Your buying power for participating in IPOs is subject to your margin loan limit.
2. When you redeem money market funds of Cash Plus to your bank account, it usually takes 1-2 business days (T+1/T+2) for the funds to settle and arrive in your account.
There is no lock-up period for bond funds provided by FUTU Money Plus. Investors can redeem at any time after the units are confirmed. Therefore, investors can enjoy the higher yield and the flexibility of redemption simultaneously.
There is no redemption fees.
An equity fund is a fund that invests principally in stocks, which is suitable for investors who seek high returns. Comparing to monetary funds and bond funds, equity funds bear higher risks. Equity funds offered by FUTU Money Plus have the following features:
Equity funds bear higher risks than money market funds and bond funds in most cases and generate higher returns accordingly. Therefore, equity funds are suitable for investors who are risk-tolerant and seek high returns.
FUTU Money Plus offers investors top-performing equity funds. However, past performance is no guarantee of future results.
There is no redemption fees.
A balanced fund is a hybrid fund that contains both stocks and bonds. The fund invests into each asset class can be adjusted according to the overall investment market conditions. Therefore, balanced mutual funds are geared toward investors looking for a mixture of safety, return, and modest capital appreciation. Equity funds offered by FUTU Money Plus have the following features:
Balanced funds bear lower risks than equity funds and carry higher yields than bond funds. It is an investment characterized by its diversification among two or more asset classes.
The amounts the fund invests into each asset class can be adjusted according to the overall investment market conditions, which can help investors seek long-term capital growth, conservation of principal, and current income.
Comparing with other products in the market, balance funds provided by FUTU Money Plus require the minimum investment amount, as low as 100 HKD/USD. There is no redemption fees.
Your funds will be managed by a trustee and/or custodian to ensure the safety of your assets.