Bangkok--17 Jun--KSAM
KSAM launches Krungsri Foreign Fixed Income Accredited Investors 6M16 Fund (KFFAI6M16) with 6-month tenure during 16 - 22 June 2015 for accredited Investors and high net worth individuals with minimum investment at Baht 510,000 and proposing yield at 2.00% per annum.
Khun Alan Kam, Managing Director (Acting) of Krungsri Asset Management Co., Ltd. (KSAM) said that “We are launching Krungsri Foreign Fixed Income Accredited Investors 6M16 Fund (KFFAI6M16) with 6-month tenure which focuses on investment in foreign fixed income instruments such as 8% of the fund invested in deposits in Bank of China (Republic of China, Macau Branch) , 23% invested in GMTN fixed income instruments issued by Akbank T.A.S. (Turkey) , 23% invested in GMTN fixed income instruments issued by Isbank (Turkey) , 23% invested in GMTN fixed income instruments issued by Vakifbank (Turkey) , 23% invested in GMTN fixed income instruments issued by Yapi Kredit bank (Turkey). KFFAI6M16 is fully hedged against the currency risk and investors will receive return at approximately 2.00% per annum upon automatic redemption. (The Fund’s total expense amount to an approximate annual rate of 0.21 percent of the net asset value.) After the end of tenure, units will be automatically redeemed or switched to Krungsri Cash Management Fund (KFCASH) to enable our investors to continue to receive good return from investment.”
Krungsri Foreign Fixed Income Accredited Investors 6M16 Fund (KFFAI6M16) is an option for investment in fixed income instruments and it is suitable for Investors who seek investment with return at higher rate than deposit interest for a term of 6 months.”
“In terms of fixed income market conditions worldwide, UST yields touched the highest level in 8 months on strong data but later pulled back following correction in European bonds market, finishing in 0-2bps range of previous week’s levels. In relation to the domestic fixed income instruments, Thai government bond yield curve steepened as 2-year yield was down by 8 bps while longer yields rose 0-9bps. said Khun Alan (Source : KSAM as of 12 Jun 2015)
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
Remark : Investment contains risks. Investors must should study fund features perform, and risks before making investment decision.
The Mutual Fund can invest in non-investment grade debt securities at the higher ratio than those of other mutual funds 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.