Highest investment net inflow among FIF Affirms KSAMs leading position in Master Funds selection

Stocks and Financial Services Press Releases Monday June 8, 2015 12:22
Bangkok--8 Jun--Krungsri Asset Management

Krungsri Asset Management Co., Ltd. is pleased that the Foreign Investment Funds (FIF) under its management has the highest net investment inflow among FIF, making it No. 1 in the industry and affirming KSAM’s leading position in selection of distinctive master funds with various investment policies and outstanding performance to increase opportunity for consistent return for investors.

Khun Alan Kam, Managing Director (Acting) said that “Foreign Investment Funds (FIF) under our management received good response from investors and as a result the net asset of FIF under our management continues to grow. The net investment inflow in our FIF is No. 1 in the industry with the total amount of Baht 5,703 million or 26.71% of the industry. (Source : KSAM as of 30/04/2015) We have planned to launch more FIF particularly for Asia market as we see interesting growth and new FIF will give options to investors for risk diversification.”

“Factors that contribute to our success in the sale of FIF are investment perception of our fund management teams who see potential in making excellent return in certain industries or assets class in some regions, and ability to assess options that suit our investment allocation. These factors enable us to become one of the leaders in the sale of new FIF in the market. Furthermore, our FIF selection team has recognized the importance of in-depth analysis of information in order to select master funds that have proven track records. For example, KF-HEALTHD that has a dividend payment policy so far have made dividend payment twice, totaling Baht 1.15/ unit since its inception last August. We also have several other FIF that invests in master funds by world-class fund management companies such as JPMorgan, Allianz Global Investors, Franklin Templeton, Eastspring, First State Investments, and Schroders.”

“Recently, Krungsri Asian Income Hedged Fund (KF-AINCOME) that primarily invests in Schroder Asian Income Fund was able to bring in over Baht 2,370 million of investment during the initial offering. This together with Krungsri Global Income Fund (KF-INCOME) that focuses on investment in JP Morgan Global Income brings about over Baht 8,300 million of new asset under management (AUM) (as of 29 May 2015). These two funds were designed for investors who want to receive regular cash flow. This phenomenon proves that we are cognizant of our investors’ need and our funds received strong response. Another example is Krungsri Greater China Equity Hedged Fund (KF-HCHINAD) that was over subscribed within the first two days of offering. This fund focuses the investment on First State Greater China Growth Fund.

Khun Alan added that “We also remind our investors that allocation of fund and risk diversification is important. At the moment, investors view that Thai stock market as volatile and Thai fixed income instrument gives lower return than before. Thus, FIFs provide a good alternative. The net inflow of Baht 5,703 million in FIF confirms our belief that our clients understand risk diversification, are globally aware of investment opportunity and savvy in their investment knowledge.

Customers who are interested in making investment may request for funds information at Krungsri Asset Management, tel. 02-657-5757 or at any branch of Bank of Ayudhya
Dividend payment history of KF-HEALTHD since inception in 2014 (Unit: Baht) | 2014=0.40, 2015=0.75
1. Investment contains risks. Investors must study and understand the nature of the products, conditions of return, and risks before making investment decision.
2. Past performance is not a guarantee of future results.

3. KF-HCHINAD, KF-HJAPAND, KF-AINCOME, KF-INCOME, and KF-HEALTHD primarily invest in foreign equities. Therefore, the Fund may have risks from economic and/or political and/or social changes in the country where the master funds invested in.

4. Return payment is based on Master Funds’ performance and Fund Managers’ consideration.

5. KF-INCOME and KF-AINCOME may invest in unrated or non-investment grade debt securities at the higher ratio than those of other mutual funds, therefore, in which case, the investors may be exposed to the issuer’s default risk which results in loss of entire or partial investment and, upon redemption, may not receive full refund of investment amount specified in the prospectus.

6. KF-HCHINAD and KF-HJAPAND will enter into a forward contract to hedge against the exchange rate risk at a particular time for the value of at least 90% of the foreign investment value, in which case, may not receive full refund of investment amount specified in the prospectus.

7. KF-INCOME, KF-AINCOME, and KF-HEALTHD may enter into a currency swap within discretion of fund manager which may incur transaction costs. The increased costs will reduce overall return. In absence of a currency swap, investors may lose or gain from foreign exchange or receive lower return than the amount initially invested.

8. KF-INCOME and KF-AINCOME are suitable only for accredited investors and high net worth individuals.

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