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Announcement to change the return rate of SCBASF1YG2 fund
August 29, 2023
As SCB Asset Management Co., Ltd. (Management Company) has scheduled the initial offering (IPO) of the SCB Foreign Fixed Income Fund AS 1YG2 Not for Retail Investors (SCBASF1YG2) between August 29 – September 4, 2023 with an estimated return of 2.10% (per year).
In this regard, the management company would like to inform the change in the projected rate of return to be 2.20% (per year) with details as follows:instruments that the fund expects to invest in Issuer long-term credit rating investment proportion
Estimated Estimated return (per year) National rating International rating from instruments* from instruments Deposits Qatar National Bank (QNB) – Qatar A (FITCH) 19.00% 2.60% 0.49% Deposits Doha Bank (DOHA ) – Qatar A- (FITCH) 19.00% 2.45% 0.47% Commercial Bank of Qatar (CBQ) Deposit – Qatar A- (FITCH) 19.00% 2.45% 0.47% Deutsche Bank AG – Germany A- (FITCH) 19.00% 2.50% 0.48% Malayan Banking Berhad – Malaysia A3 (Moody’s) 14.00% 2.40% 0.34% Bank of Ayudhya PCL – Thailand AAA (TRIS) 10.00% 2.35% 0.24 % Total 100.00% 2.49% Less expenses (approximately)** 0.29% Estimated returns that unitholders will receive from automatic redemption (per year) 2.20%
– The management company may use its discretion to change the invested assets or the investment ratio only when it is done under necessary and appropriate circumstances to protect the interests of investors. without significantly changing the risk of the invested assets
– If unable to invest as specified due to the changing market conditions Investors may not receive returns at the estimated rate.
– The instruments that the fund considers investing in have already passed the credit risk analysis process, but there may still be risks arising from changes in unforeseen events that are material to the policy. in the operation of the debt instrument issuer (Event risk) is
– The company reserves the right to close the sale of investment units before the specified period. In the event that the sales of investment units is equal to or greater than the investment amount of the project
* Estimated returns of securities adjusted by Bloomberg forward exchange rates as of August 29, 2023.
** Expenses charged by the fund may change as appropriate. by collecting the rate not exceeding that specified in the prospectus for the offering of investment units which during the life of the project The management company may increase or decrease the management fee that is actually collected. In the event that the rate of return received by the fund after deduction of expenses is higher than the average annual rate of return reported when offering investment units. The management company reserves the right to charge an additional management fee. which will not exceed the ceiling of the management fee specified in the prospectus for the offering of investment units
Unitholders can ask for more information at Customer Service Tel. 0-2777-7777 every working day from 08.30 – 17.00
Announced on August 29, 2023
SCB Asset Management Company Limited
Announcement to change the return rate of SCBASF1YG2 fund SHARE August 29, 2023 As SCB Asset Management Co., Ltd. (Management Company) has scheduled the initial offering (IPO) of the SCB Foreign Fixed Income Fund AS 1YG2 Not for Retail Investors (SCBASF1YG2) between August 29 – September 4, 2023 with an estimated return of 2.10% (per […]
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