Bangkok--6 Mar--Aberdeen
Aberdeen Asset Management offers a mixed fund, the Aberdeen ValueFund, as another investment opportunity. Managed by our expert investment team, the AberdeenValue Fund, which invests in high quality fixed income securities and Thai equities, is suitable forinvestors who want the comfort of bonds with some potential equity uplift.
Pongtharin Sapayanon, head of fixed income Thailand, comments: “Growth in 2013 is likely to beat
consensus, driven by healthy domestic demand. Inflation has bottomed and will trend higher. Fiscal
policy remains accommodative with the budget deficit for this fiscal year forecast at 3-4% of GDP.
Local and foreign buyers should continue to support the local bond market, given the strong
economic fundamentals, political stability and steady currency.
Ratanawan Saengkitikomol, Investment Manager, adds: “Continuing inflows and expectations of
strong corporate earnings have helped the SET maintain its strong performance and outperform the
regional MSCI Asia excluding Japan Index. Domestic consumption is likely to remain robust,
underpinned by the recent hike in the minimum wage. The Bank of Thailand revised its 2013 GDP
growth forecast to 4.9% from 4.6% to reflect strong private domestic demand and kept the policy
rate at 2.75% amid benign inflation. Our portfolios remain well-positioned to take advantage of the
economic upturn.
Currently, the Aberdeen Value Fund invests mainly in equities and to a lesser extent in fixed incomeinstruments. To leverage on market conditions, however, the fund manager is considering adjustingthe investment allocation to 65% fixed income instruments, such as government bonds and
corporate bonds, and 35% Thai equities. This model portfolio is based on current market conditions,
valuations and outlook. Therefore, the allocation may change as the fund manager deemsappropriate.
Special Promotion for 11-29 Mar 2013
Get free bonus units in Aberdeen Income Creation fund worth 100 baht for every 100,000 baht
invested in Aberdeen Value fund. Terms and conditions apply.
Fund Type: The fund invests in a mixture of fixed income and equity. Fund risk is level 5.