Bangkok--24 Jul--KAsset
To ride a wave of healthy growth in leading healthcare stocks globally, KAsset is going to issue K Global Healthcare Retirement Mutual Fund (KGHRMF) to lure investors seeking financial security in retirement. The IPO period runs from July 27 to August 7 and minimum investment is only 500 Baht. Investors will enjoy cash back for subscribing to this fund during the promotion period at any KBank branch.
Mr.Pongpichet Nananukool, KAsset Managing Director, revealed that KGHRMF, a new retirement fund managed by KAsset, is aimed to offer greater alternative to long-term investors wishing to invest in foreign shares for future financial security. The fund, which will open for subscription during July 27 and August 7, with the project value of 5,000 million Baht, has a policy of investing in healthcare stocks worldwide via JP Morgan Funds – Global Healthcare Fund, Class A (acc) – the master fund under management of J.P. Morgan Asset Management, which is one of the world’s leading fund managers. It also acts as a master fund for K Global Healthcare Equity Fund (K-GHEALTH), which was offered to general public in November last year and received overwhelming response from investors. As of July 21, 2015, K-GHEALH’s asset value totaled 19,619 million Baht, the largest healthcare-based equity fund in Thailand.
Mr. Pongpichet added that Master Fund will focus on investing in various healthcare-related businesses, namely pharmaceuticals, bio-technology, healthcare services and medical technology, because they have high growth potential and robust operating results. The Master Fund is managed by professional asset management teams that have extensive experience in the healthcare business. Located in the world’s leading financial centers, for instance the US, Britain and Japan, the teams have expertise and access to in-depth and accurate information of numerous firms, thus allowing the Master Fund to steadily outperform its benchmark. Its 5-year and 3-year average performance stood at 28.45 percent p.a. and 32.32 percent p.a., bettering the benchmark of 20.85 percent p.a. and 24.12 percent p.a. (as of June 30, 2015), respectively. The Master Fund has also earned five stars from Morningstar.
“Market cap in healthcare stocks currently reaches USD4.6 trillion, accounting for staggering 12 percent of total value of global stock markets combined. Healthcare stocks have rallied recently and moved in positive territory even during turbulent times. The 10-year average volatility index of healthcare stocks stood at 12 percent, lower than that of global stock markets which was reported at 17 percent. This is why health stocks could be fascinating choices, particularly for investors anticipating higher returns and are in no doubt of long-haul growth of these stocks”, said Mr. Pongpichet.
Mr. Thawee Teerasoontornwong, Executive Vice President of KBank, which is the underwriter of the K-GHEALTH, said the fact that Thailand is on the verge of becoming an aging society has contributed to Thai people being more cognizant of the necessity to save for their retirement, choosing to invest in products with decent returns. Over the past 10 years, people have become more health conscious than ever before. Listed health companies worldwide have seen an over 82 percent jump in their revenues, with astounding growth of 320 percent in emerging economies.
KBank assesses that health-conscious society will be a major supportive factor to boost investment in global healthcare RMF. Moreover, large nations around the globe emphasize the significance in health issues and promote policies concerning people’s health, elevating sustainable growth potential for businesses in this sector. Therefore, KAsset’s KGHRMF is going to be a very interesting option for long-term investment aimed at retirement security. Investors will enjoy tax benefits and cash back offered by KBank; and, most importantly, they can gradually invest through any KBank branch across Thailand.
Interested investors can start investing in KGHRMF with a minimum investment of 500 Baht, under the tax terms and conditions. For more information and to receive a prospectus, contact any KBank branch or call KAsset Contact Center 0 2673 3888.
Master Fund 1 month 3 months Since the beginning of the year Past Performances (% p.a.)
1 year 3 years 5 years
JP Morgan Funds – Global Healthcare Fund, Class A - acc (Master Fund) -1.36% 2.76% 9.66% 21.99 32.32 28.45
Benchmark (MSCI World Healthcare) -1.17% 1.52% 9.94% 17.19 24.12 20.85
Source: Morningstar®, June 30, 2015
Past performances of the Mutual Fund do not guarantee its future performances