Syfe today announced the launch of Yield+ in Hong Kong, a Hong Kong dollar (HKD) portfolio with a projected net yield of 4.71% a year, with no lock-in and no minimum investment, according to the Singapore-headquartered digital wealth platform manager.

Yield+ is designed for money that investors won’t need for a year or more, targeting a projected net yield above Hong Kong’s headline inflation rate of 1.7% year-on-year, it said.

Ritesh Ganeriwal, managing director and group head of investment & advisory at Syfe, noted: “Reaching for longer-dated bonds can earn more, but brings price swings that short-term investors may not be ready for. Yield+ bridges that gap by keeping duration to about one year, for money that can be left invested for 12 months or more.”

The product sits alongside two existing products in Syfe’s cash and yield management suite in Hong Kong: Cash+ Flexi, for money that may be needed at any time, and Cash+ Fixed, for money not needed until a set date. Yield+ targets a higher yield than Cash+ Flexi.

Yield+ invests in three actively managed short-duration bond funds, each in an HKD share class: Taikang Kaitai Overseas Short Tenor Bond fund (40%), Amundi Funds – US Short Term Bond (30%) and Aberdeen SICAV I – Short Dated Enhanced Income fund (30%). The portfolio has an average duration of about one year.

Spreading the allocation across three managers is meant to reduce reliance on any single manager’s credit selection.

Syfe manages over $15bn in assets across Asia Pacific, the firm said.