Bangkok--31 Jul--Worklink PR
We Asset introduces its executives who specialize in mutual fund business for over 20 years. It focuses on the position of designing mutual funds to meet every investor group. Coupled with creating sustainable returns at the appropriate risk level under the concept of "We design your wealth, We grow together". It aims to push AUM to reach 10 billion baht in the year of 2021. Ready to offer an IPO fund, We Global Technology fund (WE-GTECH) from today to 7 August. The fund will invest in high global technology stocks.
"Miss Ngarmnapa Thawatchokethawee" Managing Director and Chief Operation Officer of We Asset Management Company Limited (We Asset) said that We Asset was established with a management team that specializes in money market, capital market, as well as investment products with more than 20 years experience in asset management and securities companies. We Asset has operated business under the concept of "We design your wealth, We grow together". We Asset designs mutual fund products that are suitable for investors with different needs, including general investors, high-net-worth investor, sophisticate investors, and institutional investors. We offer mutual fund products with good fund performance with a variety of financial innovations that can create sustainable wealth for customers.
"We Asset" has KTB Securities (Thailand) Public Company Limited (KTBST) as a major shareholder with 51% shareholding and another 49% of shares held by the management team. We Asset started operating on March 6, 2019, since then We Asset offered seven mutual funds to investors through its selling agent, KTBST. As of June 30, 2019, We Asset has an asset under management of 3,196 million baht, divided into 88% fixed income funds and 12% foreign mutual funds. Now, We Asset is ranked No. 19 from 23 asset management companies.
"We set the goal to expand AUM to grow at 6,700 million baht this year. Currently we have already achieved 48% of target. We aim to push AUM to reach 10 billion baht in the year 2021, which we plan to grow by 20% and 50% in the year 2020 and year 2021, respectively." Ms. Ngarmnapa said.
"Mr. Isara Pudtalsri" Chief Investment Officer of We Asset said that at present, Thailand has a variety of mutual funds with different investment policies. The main strategy that We Asset has adhered and implemented since its establishment is to create good returns along with appropriate risk management.
We Asset has an investment philosophy, which are 1.) Top down and Bottom Up investment strategy 2.) Strategic and Tactical Asset Allocation 3.) Team Approach, which has the Investment Committee as a center of investment management and Risk Management Committee to verify and monitor its investment strategy and risk 4.) Disciplined & Prudence with objective oriented and systematic monitoring.
"We Asset focuses on customer centric approach along with creating a sustainable return for customers. In the mutual fund industry that is highly competitive, it requires experience and investment discipline in which We Asset's team has both. Since we experienced to manage the mutual fund in all the capital market cycles and being a medium size asset management company, we can respond to market conditions very quickly and agile. So, if there is an investment opportunity, we can issue a fund to catch up with the timing to generate returns for customers immediately." Mr. Isara said
For products, Miss Nittaya Lerssangpetch Chief Product & Channel Management Officer said that We Asset focuses on offering mutual funds that can generate good returns along with risk management. Besides, "People" is our key strength. We have expertise investment team to connect to experienced business alliances. Enabling We Asset to offer products to satisfy customers' investment objective.
"We believe that creating funds with a clear style and investment approach can generate sustainable returns at the appropriate risk level. We select the international partners and funds that have a similar investment philosophy as us and we offer the mutual funds with the ultimate returns for customers." Miss Nittaya said
For the second half of this year, we plan to launch approximately 12 mutual funds, including alternative funds to replace fixed income term fund, global security funds, global multi asset income funds, and equity funds in order to have products that meet customers need in allocating the right investment portfolio this year.
For the distribution channel, currently we connect our system with FundConnext, which is a main system that can support various distribution channels both in the selling agent and the Fintech company. The system is able to support mutual fund trading through selling agents. Reflected from the previous mutual funds offering of We Asset through KTB Securities (Thailand) Public Company Limited on FundConnext system.
We expect that at the end of the year We Asset will be able to open a mutual fund trading channel via Streaming for Fund and online opening account. Including expanding distribution channels through other selling agents by this year Launching IPO WE-GTECH invest in global technology Stock
Miss Nittaya said that from now to 7 August 2019 we offer a new open-ended mutual fund, We Global Technology Fund (WE-GTECH). We believe that investing in technology is one of the assets that investors should allocate in their investment portfolio. The changes of consumer behavior due to the digital disruption trends. The businesses have adapted to use technology to fulfill business to satisfy consumers. At the same time, the selection of technology stocks requires experts who can analyze the business trend of each stock and select the stocks that can generate good returns with risk management. Therefore, we select POLAR CAPITAL ASSET MANAGEMENT, the leader in Invest in technology stocks in Europe.
WE-GTECH has a policy to invest in technology companies, that are growing in line with the global mega trend, through the master fund of POLAR CAPITAL FUNDS PLC. GLOBAL TECHNOLOGY FUND. The master fund focuses on investing in technology stocks that benefit from changes in global technology trends and consumer behavior with a steady growth in revenue and cash flow.
The master fund will allocate to invest in 8 key technology businesses theme, including E-Commerce and Payment, Digital Advertising and Marketing, Cyber and Physical Security, Cloud Infrastructure, Software As A Service, Digital Content and Gaming, Robotic and Automation, and Rising Semiconductor Complexity. The fund will invest in the companies with the market capitalization at least 200 million baht with at least 1.5-2 times growth compared to the growth of the index and the selected company should have revenue growth of approximately 15-25% per year. With the clear fund management approach, reflecting the good fund performance throughout 10 years.
We estimate that the profit of the technology companies in the second quarter has a consistent growth. While signaling the easing of the Federal Reserve's monetary policy in the second half of the year will benefit to the price of technology stocks especially stocks with good fundamental.
Investor can contact We Asset at 02-648-1555 and KTBST at 02-645-1111 for more information and request for the fund prospectus.
Remarks : Investors should understand product characteristics (mutual funds), conditions of return and risk before making an investment decision