ING Funds (Thailand) launches a new ING Thai Trigger 10% Fund (9)

Monday 21 January 2013 09:47
- ING Funds (Thailand) launches a new ING Thai Trigger 10% Fund (9) after the recent phenomenal success of its previous ING Thai Trigger 10% Fund (8) which was fully subscribed by investors in only 2 days with a subscription amount of 4.3 billion THB

- The New ING Thai Trigger 10% Fund (9) will IPO during 18 to 25 January 2013

Khun Jumpon Saimala CEO, ING Funds (Thailand) announced today that ING Funds (Thailand) is offering investors a new ING Thai Trigger 10% Fund (9) with a registered fund size of 2,000 million THB The IPO subscription period for the fund will be from 18 to 25 January 2013.

Khun Jumpon said that after the recent success of the offering of the previous fund, ING Thai Trigger 10% Fund (8), which was sold out in 2 days with a registered size of 4.3 billion THB, there is still an opportunity to launch another new ING Thai Trigger 10% Fund (9) as at present there is still market demand and most investors still believe and have strong confidence that the outlook of the Thai market and economy is positive.

“Thai economic fundamentals remain solid and earnings outlook growth for Thai listed companies are robust in 2013” he said He also added that the trigger fund returns will be mainly derived as a result of selecting the right stocks to invest in (stock selection) and fund the right timing and market window of opportunity to invest in (marketing timing)”

Khun Jumpon further stated that, the new launched fund - ING Thai Trigger 10% Fund (9) has two auto redemption points in the fund feature. The first auto redemption point is when the NAV of the fund reaches 10.50 Baht/unit or more on any particular day, investors will receive roughly 5% or 0.50 Baht/unit return within 5 working days, afterwards, the second redemption point is reached when the NAV of the fund reaches 11.00 Baht/unit on any particular day, at this trigger point investors will receive the remaining auto redemption units (comprised of the remaining returns and initial investment) and the fund will close down.

For investors who are interested in the new ING Thai Trigger 10% Fund (9), the IPO subscription period is from 18 to 25 January 2013. Further information on the fund can be obtained at all TMB Bank Public Company Limited branches nationwide or at the Sales and Distribution Department, ING Funds (Thailand) Tel: 02 688 7777 press 2 or www.ingfunds.co.th

Investment contains risk, please carefully study the fund prospectus before making investment decision. Past performance is not a guarantee of future results. Investor should thoroughly study fund’s important information; especially investment policy, investment risk and past performance; at website of Management Company. Please also study fund prospectus and tax guidebook at office of Management Company and selling agents before making investment decision