HoonSmart.com >> After creating an outstanding performance for the “ONE-GECOM” fund, which invests in e-commerce related stocks worldwide. Take full advantage of Lockdown by winning the industry’s highest yield in 2020 by 114.47%, followed by “ONE-UGG-RA, which focuses on global growth at 84.68% and is the highest return in the round. The past 3 years, average 30% per year, impressing investors.
For the year 2021, one asset management company (Asset Management Company) still sees a good stock market trend. Especially foreign stocks Therefore advising investors to organize a diversification portfolio For opportunities to generate returns As Thai stocks rose to 1,500 points sharply, P / E was high and the upside was limited.
Mr. Pote Harinasuta, Chief Executive Officer of Wan Asset Management, said that the overall investment in 2021 sees risky assets quite outstanding due to the low interest rates. Liquidity in the world market is still high and governments around the world are continuously injected with stimulus money. Including the vaccine began to spread in many countries Which is a factor supporting stocks to continue investing This can be reflected by fund managers around the world, reducing their cash holdings and investing in their full portfolio Which is the same as Wan Asset Management.
Portfolios focus on world stocks 40%
As for the investment picture this year, we have continued to invest in foreign stocks. By introducing a 40% global portfolio, which focuses mainly on China and world stocks. Or may be distributed to Vietnamese stocks ASEAN or more emerging markets.
The 40% bond focuses on High Yield Bond with an attractive yield. While the risk of default is seen to be less after the economic recovery. For Thai stocks, it is recommended to invest only 10% and the remaining 10% to invest in alternative assets such as property funds and infrastructure funds.
Mr. Pote said that the current price of investment units, property funds and infrastructure funds have dropped considerably by 25-30% than stocks, which have fallen 10-15% as real estate was affected by rental rents. Which looked at the timing of investment Due to the drop in price, the dividend yield is higher. By selecting and focusing on funds that are not affected by COVID-19 such as telecommunication towers, datacenter, etc.
First curve looks at Mid-Small Cap stocks – China stocks Laggard
“The recommended foreign equity funds are the four flagship funds, with the notable funds in the first quarter being the One Discovery Non-Dividend Fund for general investors (ONE-DISC-RA) Invest in small and medium-sized equity markets around the world, considered to be Laggard still, and One All China Equity Non-Dividend Fund For general investors (ONE-ALLCHINA-RAExpected over the next 3 months, the two funds are likely to accelerate more, ”said Pote.
While One Global E-Commerce Fund (ONE-GECOM) And One Ultimate Global Growth Fund, Non-Dividend Fund For general investors (ONE-UGG-RA) In the short term, there may be a Sell-on Factor after a large rise. But with liquidity and investor risk on conditions, global stock markets can rebound rapidly. In particular, stocks of the world’s leading companies share technological excellence and benefit from the change in people’s behavior (New economy).
For investors who can accept high risk and want to trade short-term, we recommend One Global Financial Non-Dividend Fund. Suitable for general investors (ONE-GLOBFIN) Investing in financial stocks around the world From the economic recovery trend, the price of this group of stocks rose. Meanwhile, since the start of the year, cycle stocks have rebounded, promising expectations of a global economic recovery following the introduction of the vaccine against COVID-19 led by energy stocks.
As for the results of the Flagship Fund in the past year 2020, the four funds have performed outstandingly in almost every period including ONE-UGG-RA, ONE-DISC-RA, ONE-GECOM, ONE-ALLCHINA-RA. With an investment of tens of millions of baht Especially from May to June. Large amount of money flows into foreign equity funds. It is a good sign that Thai investors are not afraid to invest. In the midst of COVID-19 situation and choose to diversify foreign investment Which have businesses that benefit from COVID-19
ONE-UGG-RA Fund focuses on global growth stocks. Premiums from COVID-19 and Lockdown are around 50%, while ONE-DISC-RA, which focuses on small and medium-sized growth stocks around the world, is also performing well 76.04% .Both funds have Baillie Gifford master fund It was not previously known to Thai investors and Wan Asset Management was the only one with Baillie Gifford’s fund in the past year.
ONE-GECOM funds a mix of ETFs and individual stocks related to online trading worldwide. Which benefited from the lockdown in Europe and the US In the past year, ONE-ALLCHINA-RA invested in Chinese stocks, which have the lowest P / E in the world. It made a return of 24% and from the beginning of the year to 25 January, more than 10%, the number one high this year. Which the Chinese economy tends to grow stronger
Thai Upside stocks limited year-end target 1,600 points
Mr. Pote said that the reason for investing in Thai stocks is low. This is because the index has rallied so fast that it stands at 1,500 points, with little upside left compared to the projected year-end target of about 1,600 points if a vaccine against COVID-19 is available in the first half of the year. But if you have to wait until the second half of the vaccine and still can’t open the country From the spread of COVID -19, which will slow down the Thai economy. The end of this year index could go down to around 1,300 -1,400 points.
At the same time, this year’s interest rate should remain at 0.50% while the baht is likely to appreciate from the soft dollar. This year is expected to be around 29-30 baht / dollar. Still pressuring the export sector, therefore economic drivers and stock markets have to wait and see the government stimulus measures.
“The direction of Thai stocks still has to look at COVID-19 mainly because the fund flows have already flowed out of Thai stocks due to concerns about COVID-19 due to the Thai economy’s dependence on foreign countries. Both exports and tourists expect GDP this year to expand 3-5%. In addition, there is no innovation in the market. Along with P / E, the Thai stock market is 25-26 times high. It is considered expensive. When compared to world stocks, there are still about 10% upside, ”said Pote.
Issues trigger funds continuously serving SCB customers
As for plans in 2021, about 10 foreign equity-funded trigger funds will be launched, after last year, One Asset Management has partnered with the Siam Commercial Bank Group to offer foreign equity funds to high-network customers in the group. SCB PRIVATE BANKING and SCB FIRST, which achieved great results. Triggered 7 funds prematurely with an average of 3 months with 8% returns in 8 months. Automatic repurchase of 4% each time. In early February this month, preparing to launch a new division to support the needs of customers who still Existence
Mr. Pote said that over the past three to four years, Wan Asset Management has weighed in on an in-depth study and analyzed the growth trends of new stocks. And combine them to find strategies in the form of partnerships that specialize in that group. Including the selection of investment stocks by our own fund managers such as innovation group Medical technology group Brand-name product group To catch the rhythm of the international market in both the primary market and the secondary market The trigger fund will mainly invest in three master funds, namely ONE-UGG, ONE-DISC and ONE-ALLCHINA.
For this year, Wan Asset Management will adjust its portfolio management strategy. By focusing on direct investment style and selecting stocks by foreign fund managers along with fund of funds investments, not specific to the master fund or any particular partner. To provide funds with flexibility
“The goal of One Asset Management this year is to upgrade foreign investment plans. By allowing the fund manager who specializes in investing in the Company’s overseas markets to provide more investment allocation. Because each master fund will have different prominence. This flexibility must be incorporated. We are currently negotiating to offer additional foreign funds as Fund of Funds, with more than 80% and 20% of equity selected directly from the fund manager. Which could be an investment in Asia Including considering new alternative funds, “said Pote.
With the goal of being the innovative leader of One Asset Management last year, it launched the Life Settlement Fund, an alternative fund that does not rely on the recovery of the economy and the stock market. By focusing on investing in life insurance policies in the United States Which is the only fund in Thailand Including the opening of affiliates within this year Which has a different strategy and service than the one in the industry, it is worth noting.
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