Bangkok--Oct 13--TMB Asset Management
Ms. Jotika Savanananda Managing Director, TMB Asset Management Co., Ltd., said that on October 18, 2004, the company will make the first income payment from the investment in Tanapat Fixed Income Auto Redemption 1/51 since its inception on June 7, 2004 to the fund unit holders at about 1.45% or 4.0% per annum within less than 5 months. Presently, the net asset value of this fund is amounted to 700 million baht.
Tanapat Fixed Income Auto Redemption Fund 1/51 is the auto redemption fund with fixed income every 3 months. It emphasizes on the corporate and financial institute bond investment. The company will consider the bonds by their quality and the appropriate return compared to the risk.
Jotika said that such fund has received an overwhelming interest from the investors because its return is quite high compared to the commercial bank deposit rate at about 1.0-1.5% per annum. The return since its inception equals to 4.29% per year. The investors are expected to get a return of not less than 4% per year together with tax exemption. In addition, Tanapat 1/51 is the fund with a higher yield than other bond funds currently available in the market. The fund is only available for purchase so there is no need for cash reserve. Therefore, all the fund money can be used for 100% investment whereas the fund that is available for sale and purchase everyday would have to spare at least 10% cashflow. Meanwhile, the investment period is 3 years and 4 months up to its maturity date on January 16, 2008.
In addition, the company also has other 2 Tanapat Fixed Income Auto Redemption Funds with higher return i.e. Tanapat 5/49 with return at 2.75% per annum with the remaining investment period of 1 years and 8 months and Tanapat 3/50 with return at 3.25% per annum and the remaining investment period of 2 years and 6 months.
Should the investors be interested in Tanapat Fixed Income Auto Redemption Fund, the units can be purchased at all branches of TMB Bank as well as at TMB Asset Management office.
For more information, please contact
Lakana Khwan-ngam , Sujira Wirojana
PR Consultant
Tel. 0 2953-8633, 0 2954-2863 End.
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