Moody's boosts Fuh Hwa Yu-Li

Moody's Investors Service said it upgraded Fuh Hwa Yu-Li Bond Fund's market risk rating to MR2(tw) from MR3(tw).

The agency said the rating action follows the fund's realignment of its portfolio by selling off its corporate bonds, bank debentures and structured bonds and to reflect the fund's adoption of a revised investment strategy pursuant to which it is being repositioned to operate as a quasi-money market fund.

At the same time, the fund's high quality credit rating of Aa(tw) remains unchanged, the agency added.

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