Manulife Investments said today that it has launched the Manulife Hong Kong Series – Manulife Stable Fund, offering investors a relatively liquid and stable cash-parking product designed to provide US dollars returns in line with money market rates, with low risk and high liquidity.
The fund is available to investors through both the InvestChoice, Manulife Investments’ online fund investment platform, and investment-linked assurance schemes.
Paula Chan, head of Hong Kong fixed income and senior portfolio manager at Manulife Investment Management said: “Given the volatile market environment and uncertain outlook for interest rates, yields on US dollar money market securities remain attractive. By focusing on high-credit-quality instruments and maintaining a low duration profile, the fund aims to deliver stable returns while preserving capital and ensuring liquidity.”
Previously known as the Manulife Capital Conservative Fund, the fund has been renamed and repositioned following a change in investment objective and policy effective 28 March 2025.
It now invests primarily in US dollar-denominated and settled short-term deposits, high-quality money market instruments including treasury bills, certificates of deposit, commercial papers, and short-dated corporate bonds.
Grace Ho, head of retail wealth distribution and direct digital business, Asia, Manulife Investments said: “The fund’s enhanced structure allows investors to stay invested while retaining flexibility and access to competitive US dollar money market-linked returns.”
The fund targets investors who are looking to park excess cash, seek a lower-risk alternative to traditional bond funds, or manage short-term cash needs without being locked into fixed-term deposits.
The fund maintains a solid credit profile with a high average credit rating, adopts a simple structure with no use of derivatives or currency hedging, and remains straightforward by avoiding investments in securitised assets or other structured instruments.
