valU, a subsidiary of EFG Hermes, has entered into a partnership with Azimut to launched the AZ valU Fund, according to an emailed press release on March 12th.
The AZ valU Fund is a money market fund that offers a flexible and favorable investment solution with the market’s most competitive daily yields.
The fund calculates interest daily, providing clients access to daily redemptions without locking capital up in long-term, fixed instruments.
It invests in a group of secure, high-liquidity assets with short- and medium-term tenors, ultimately generating competitive average daily returns for customers, with clients being able to invest with no minimum or maximum restrictions and no transaction fees or commissions.
Moreover, the fund will give Azimut and valU clients immediate access to valU limits worth up to 90% of their investment.
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