Bangkok--13 Feb--MFC Asset Management
Mr. Lim Chong Boon Dennis, President, MFC Asset Management Public Company Limited, announced today that MFC will be launching the MFC Taweesuk 3Y1 Fund or MT3Y1 during 18 – 25 February 2019. The Fund is a fixed income fund with a 3-year maturity. Every 6 months, investors will receive automatic redemption of returns at a rate of 2.90% per annum of par value (Baht 10.00). When the Fund reaches maturity, all remaining units will be automatically redeemed and switched to MFC Government Money Market Fund (MM-GOV). Since investors may not redeem during the 3 years, should there be any negative factors impacting the investment, investors could lose a significant portion of their investment.
MT3Y1 has the investment policy to invest in domestic government fixed income instruments and quality debentures such as treasury bills, government bonds, Bank of Thailand bond, state enterprise bonds, fixed income instruments issued by juristic person under specific law, fixed income instruments issued by commercial banks, deposits or investment grade fixed income instruments issued by private sector with rating of at least BBB-.
Example of instruments that MT3Y1 will invest are as follows: True Corporation PCL bond rating BBB+ investment portion 8.11% return 3.85% p.a. return to Fund 0.31% p.a. / Siamgas and Petrochemicals PCL bond rating BBB+ investment portion 9.46% return 3.85% p.a. return to Fund 0.36% p.a. / Golden Land Property Development PLC bond rating BBB+ investment portion 9.46% return 3.20% p.a. return to Fund 0.30% p.a. / SC Asset Corporation PCL bond rating BBB+ investment portion 9.46% return 3.25% p.a. return to Fund 0.31% p.a. / Asia Sermkij Leasing PCL bond rating BBB+ investment portion 9.46% return 3.15% p.a. return to Fund 0.30% p.a. / TPI Polene PCL bond rating BBB+ investment portion 8.11% return 3.85% p.a. return to Fund 0.31% p.a. / AP (Thailand) PCL bond rating A- investment portion 9.46% return 2.65% p.a. return to Fund 0.25% p.a. / Ratchathani Leasing PCL bond rating A- investment portion 9.46% return 2.75% p.a. return to Fund 0.26% p.a. / TICON freehold and leasehold real estate investment trust bond rating A- investment portion 6.76% return 2.75% p.a. return to Fund 0.19% p.a. / WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust bond rating A- investment portion 6.67% return 2.75% p.a. return to Fund 0.19% p.a. / Phatra Leasing PCL bond rating A- investment portion 5.40% return 2.65% p.a. return to Fund 0.14% p.a. and CH.Karnchang PCL bond rating A- investment portion 8.10% return 2.75% p.a. return to Fund 0.23% p.a.
The estimated return from investment is 3.15% per annum with estimated expenses of 0.25% per annum and net return of 2.90% per annum. Should the Asset Management Company not be able to invest as stated due to market conditions or changes in taxes, the Asset Management Company may not redeem units at the aforementioned rate.
The Asset Management Company has the discretion to change the invested assets or the investment ratios when it is deemed that it is necessary and appropriate for the utmost benefit of the investors, without causing the risk of the invested assets to change significantly.
MT3Y1 is suitable for investors who expect higher returns than deposits, can accept a lower return than stocks and are able to invest for a period of 3 years. Investors should study the information available to understand features of the product, conditions of the returns and the risks before making the decision to invest.
Interested investors may invest with minimum subscription of Baht 10,000 by contacting MFC for further information about investment policy, risks, fund performance or the fund prospectus, Investment Planner Dept. tel. 0-2649-2000 ext. 2, Contact Center ext. 0, Chaengwattana Branch tel.0-2835-3055-57, Pinklao Branch tel. 0-2014-3150-2, Khon Kaen Branch tel.043-204-014, Chiangmai Branch tel. 053-218-480-82, Phuket Branch tel.076-307-070, Rayong Branch tel. 033-100-340-2, Phitsanulok Branch tel. 055-008-980-2, Ubon Ratchathani Branch tel.045-422-890-2, Hat Yai Branch tel. 074-232-324 - 25 or visit www.mfcfund.com