Bangkok--29 Oct--KSAM
Krungsri Asset Management Co., Ltd. (KSAM) is offering subscription to the Krungsri Collective Global Income Fund (KF-CINCOME) as a unique channel to access the global market's various investment assets. The fund is suited to non-retail investors and high net-worth individuals. The IPO period is 27 October - 3 November 2015 with the minimum subscription amount set at 510,000 Baht.
Mr. Alan Kam, KSAM's Acting Managing Director revealed that "the company is preparing to offer subscription to the Krungsri Collective Global Income Fund (KF-CINCOME) which will invest in the JP Morgan Global Income master fund at an average of no less than 80% of the net asset value during the financial year. Hedging against FX risks will be deployed at the discretion of the fund manager in order to maximize benefits to unitholders."
"JP Morgan Global Income Fund is the same master fund for the Krungsri Global Income Fund (KF-INCOME) which was offered for subscription in November 2014 and received favourable response from investors for good consistent performance despite prevailing market volatility. As a result, KF-INCOME had the largest amount of new subscription inflows among FIF mixed funds during the first 9 months of 2015 with Baht billion 8.759 in new subscriptions (Morningstar 30 September 2015)."
"The primary difference between KF-CINCOME and KF-INCOME is that KF-CINCOME does not have a policy to automatically switch fund units into the units of KFCASH. As such, the fund is best suited to investors who do not require a monthly income but prefers to accumulate the investment returns over an investment horizon they select."
"The JP Morgan Global Income master fund is managed by a leading global investment management company, JP Morgan Asset Management, which is widely renowned in many areas and recently earned the Best Fund Provider for Multi-asset Solutions award at the Asian Private Banker Asset Management Awards for Excellence 2014/15. The master fund has a track record of investments in the global market for over 30 years and currently has US$ trillion 1.7 under management. The portfolio is diversified across over 1,600 assets around the world that has good potential for income generation such as high quality REITs, high yield emerging market bonds, convertible debentures and mortgages."
"The investment management team of the master fund has positive views on the economic growth in developed markets. It is forecasted that the US will continue to lead as it enters mid-cycle growth which may see growth stabilizing above average growth rates while maintaining reasonable levels of inflation and wages. Furthermore, Europe and Japan are likely to achieve similar economic growth rates as the US since stimulus measures are expected to continue."
"KSAM believes the KF-CINCOME will serve to help investors allocate their investment into many potentially high growth assets across the world, enhancing the ability to generate satisfactory returns during any economic cycle as no single asset could achieve such performance at all times. The aforementioned period is an appropriate time to invest as asset prices have recently consolidated after about of volatility in the global financial markets that affected both equities and fixed income. This period offers good timing for bargains. The global economy is also poised to recover as leading global powers such as Europe, US, and Japan have a positive recovery outlook that should see gradual economic growth. Liquidity will continue to be injected into global financial markets as the central banks of Europe, Japan and China adopt eased monetary policies. In addition, the European Central Bank is prepared to implement quantitative easing (QE) at least until September 2016 with potential for further extension if necessary to ensure sustained economic recovery," Mr. Alan explained.
"KSAM is offering a special promotion for investors subscribing to the KF-CINCOME fund during the initial subscription period. For every 100,000 Baht, subscribers will receive the equivalent of 100 Baht in units of KFCASH."
Investors may obtain further details about the fund by contacting KSAM at tel. 0-2657-5757, or visiting www.krungsriasset.com, or contacting any branch of the Bank of Ayudhya.
The KF-CINCOME fund is only suited to non-retail investors and high net-worth individuals. The fund may invest in debt securities that are non-investment grade or unrated at weightings which exceed the limits for funds typically offered to the general public. As such, the fund is exposed to higher levels of default risks, credit risks, and liquidity risks than funds typically offered to the general public.
The KF-CINCOME fund invests in the JP Morgan Global Income Fund master fund which has an investment policy to invest in the debt securities of various small to medium sized companies across the world. As such, the fund may be subjected to economic, social and/or political risks of countries where the master fund has investments.
The fund may deploy FX hedging instruments at the discretion of the investment management company and this may incur expenses. This could dampen the returns received as the cost burden increase. In the event that no FX hedging instruments are deployed, the investors may be subjected to potential FX loss or gains or the final balance may be lower than the principal invested.
Investment contains risks. Investors must study and understand the nature of the products, conditions of return, and risks before making investment decision. Past performance is not a guarantee of future results.