Bangkok--28 May--KTAM
KTAM launches KTAM Hong Kong ETF Tracker, the first ETF in Thailand that tracks Hang Seng Index.
Khun Somchai Boonnamsiri, Chief Executive Officer of Krung Thai Asset Management PCL. (KTAM), announced the launch of KTAM Hong Kong ETF Tracker: HK, the first exchange-traded fund in Thailand that tracks Hang Seng Index. The fund’s IPO period is 28 May- 8 June 2012 with registered fund size 2,000 million Baht and minimum investment of 4,000 Baht (multiple of 400 Baht). The fund’s policy is to invest in the units of Tracker Fund of Hong Kong in Hong Kong Dollar. The fund will register in the Stock Exchange of Thailand on June 19, 2012 with the ticker: HK.
The fund offers investors the opportunity to obtain return that links to the movement of the master fund that reflects Hong Kong’s Hang Seng Index after expenses. The fund is flexible with real time trading on the Stock Exchange of Thailand. The price per unit is approximately 4 Baht and can be obtained instantly without having to wait until the end of the day like other traditional mutual funds. In addition, the fund’s policy allows for dividend payment of up to 4 times per year. KGI Securities (Thailand) PLC. is a market maker for this fund.
Hang Seng Index consists of the largest and the most liquid 48 companies, which are stocks of Hong Kong companies and Chinese companies. Currently, the index consists of 44% in Hong Kong companies and 56% in Chinese companies.
Investment in foreign ETF market is much broader when compare to the market in Thailand. Hong Kong stock market has always been regarded as prominent and well known to Thai Investors. In addition, Hong Kong is a Special Administrative Region of the People's Republic of China, and as a result, Hong Kong has benefited from China's economic growth, both in terms of trade and investment. As a free port with low and simple tax system and good infrastructure, Hong Kong became the most important financial center in Asia. Currently, Hong Kong Stock Exchange is the seventh largest in the world and third largest in Asia.
Investors can request fund prospectus from any Krung Thai bank and appointed participating dealers including KT-ZMICO Securities and KGI Securities (Thailand) PLC. or contact KTAM at 02-670-4900 press 9.