Bangkok--28 Feb--KTAM
ENY’s IPO period: March 1-8 and EFOOD’s IPO period: approximately the end of March
Khun Somchai Boonnamsiri, Chief Executive Officer of Krung Thai Asset Management PCL. (KTAM), announced the launch of KTAM SET Energy ETF Tracker: ENY, the exchange-traded fund that tracks SET Energy & Utilities Sector Index. The fund’s IPO period is 1-8 March 2013 and followed by KTAM SET Food and Beverage ETF Tracker: EFOOD, the first exchange-traded fund in Thailand that tracks SET Food and Beverage Sector Index. The IPO period is expected to be in the end of March 2013.
Energy & Utilities Sector contributes 20.52%, the highest market value in the SET Index as of 31 December 2012. The sector consists of companies that produce, explore, drill, refine and distribute oil, natural gas, coal; as well as utility companies that provide electricity, water and gas. Global economic recovery, economic stimulus in China and excess liquidity in the market should be the factors that attract investors to energy sector. The price appreciation for energy stocks has been less than overall market in the past 2 years and the valuation looks attractive, especially when compared to the expected return of 12% this year.
Food and Beverage Sector consists of 4 major businesses including agriculture and food processing, sugar producers, beverage producers, and restaurant operators. The sector is about 5.76% of the index as of the end of 2012. The stocks in this sector are known to have capacity to continuously make profits, compete globally and tend to be less volatile than other sectors.
ENY and EFOOD offer investors the opportunity to obtain return that links to the movement of SET Sector Index after expenses. The fund is flexible with real time trading on the Stock Exchange of Thailand with the minimum investment of 5,000 Baht (multiple of 1,000 Baht). The price per unit is approximately 5 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. Asia Plus Securities PLC. is the market maker for this fund. ENY will register in the Stock Exchange of Thailand on March 19th, 2013 followed by EFOOD in the beginning of April 2013.
Investors can request fund prospectus from any Krung Thai bank and appointed Participating Dealers including Asia Plus Securities PCL., KT-ZMICO Securities Co., Ltd. and appointed selling agents including AIRA Securities PCL., Bualuang Securities PCL., CIMB Securities (Thailand) PCL., Country Group Securities PCL., Finansia Syrus Securities PCL., GLOBLEX Securities CO.,LID., KGI Securities (Thailand) PLC., Maybank Kim Eng Securities (Thailand) Plc., SCB Securities Company Limited, Trinity Securities Group, UOB KAYHIAN Securities (Thailand) PCL. and IV Global Securities PLC., or contact KTAM at 02-670-4900 press 9.