SCB Asset Management Pays Dividend 2 US Equity Fund S&P 500-Billionaire Confident in the US stock market Can continue to rise
Mr. Narongsak Plonmechai Chief Executive Officer SCB Asset Management Co., Ltd. revealed that the company has prepared to pay dividends for two foreign equity funds at the same time over 112 million baht on December 28, 2020, consisting of the SCB US Equity Fund (SCBS & P500) for The operational result between December 1, 2019 – November 30, 2020 at the rate of 0.6801 baht per unit, in the past, the interim dividend was paid on 22 June 2020. In the amount of 0.3198 baht per unit, the remaining payment for this period is 0.3603 baht per unit for the 15th time, total dividend payment of 4.0311 baht per unit (since the fund was established on December 18, 2012).
And SCB Billionaire Open-end Fund (SCBBLN) for the performance between June 1, 2020 – November 30, 2020 at the rate of 0.3768 baht per unit for the 9th time, total dividend payment 2.1146. Baht per unit (since the fund was established on July 24, 2015) Both funds are classified as Morningstar’s 4-star Thailand Fund US Equity (data as of 30 Nov 2020)
For SCBS & P 500 funds, the passive-managed SPDR S&P 500 ETF Trust is managed by the State Street Global Advisors, aiming to generate returns similar to the S & P500 index and offer hedging against foreign exchange risk. Not less than 90 percent
SCBBLN’s policy is primarily to invest in stocks in the United States, aiming to generate returns similar to the Solactive US Top Billionaire Investors Index, an index created to invest in securities as well as US billionaire investors. Currently, 30 units focus on investing in 3 industry groups: Software, Retailing, and Media, which are growing and recovering well amid the recent economic downturn, with both funds operating. The past 1 year was at 16.08% and 39.22%, respectively (data as of December 17, 2020).
“In the past year, the US stock market Adaptation is somewhat volatile due to the rapidly expanding spread of Covid-19 virus. Make it necessary to declare an emergency situation Prohibit people from leaving their home to control the epidemic. As a result, the economic activity was interrupted. It worries investors around the world and causes a sell-off of risky assets. And low liquid assets quickly to hold onto cash. It also resulted in a sharp decline in the stock market during March.
However, since April the stock market has rebounded rapidly. Maintained primarily by monetary and fiscal policies that are continually enacted in many countries to heal those affected by emergency declarations and to stabilize the economy. In addition, the trend of lower rates of new infections in many countries has resulted in easing of lockdown measures and enabling economic activity to resume as usual. In addition, the lower performance of listed firms than most analysts predicted was a factor that encouraged investors to return to risky assets.
For US stock market trends In the next phase is expected US stock market The economic outlook is gradually recovering, 2) low interest rates, resulting in an attractive return from the stock market. The Covid-19 virus has begun to be widely used in developed countries and 4) the presidential election results that are expected to add to tensions between China and the United States. In addition, the ongoing monetary and fiscal policy will be another factor supporting the market rise, ”said Narongsak.
However, the upward trend in US Treasury yields and comparatively expensive stock market valuation can be a factor that pressures the market to volatility.
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