What the Fund invests In
The Fund seeks to provide income free from federal, New York State and New York City personal income taxes with full liquidity. It invests in a portfolio of money market instruments issued by New York State and municipal government and public authorities which are:
- Short term
- High quality
- Tax exempt
Fund Management
HSBC Global Asset Management (USA) Inc. manages the Fund's investments. The adviser's investment philosophy is based on their tradition of identifying clients' investment objectives and performing extensive market research to identify the appropriate securities to meet those objectives. HSBC Global Asset Management (USA) Inc. has full-time professionals, who have access to in-depth research and the ability to follow market trends and identify attractive opportunities, advising the Fund according to the Fund's investment objectives and policies.