Bangkok--Nov 16--TMBAM
Jotika Savanananda, Managing Director of TMB Asset Management Company Limited, said the company was very successful from the launch of Jumbo 25 Dividend LTF and Jumbo Plus Dividend LTD, which was opened for the first time subscription during November 1-10, 2004. The funds attracted quite an interest from the investors with subscription totaled 111 million baht. The company targeted to generate around 400 million baht from both funds at the end of 2004.
Our long term funds (LTF) have been well received by the investors in the same way as Jumbo 25 Fund which was launched during past September. For Jumbo 25 LTF, the company will concentrate its investment on 25 large listed stocks with dividend so it trusted that Jumbo LTF would receive an overwhelming interest from the investors.
Although the stock market situation might be risky and not quite stable from the unrest situation in the southern provinces, the oil price crisis as well as the increase of interest rate that impacted the Chinese economy, however, the investment in LTF would be over 3 years. The investors should focus mainly on the growth of Thai economy. TMBAM is confident that Thai economy continues to have a positive outlook and the investors in the stock market should get the return of not less than 10% per year.
Jotika added that for those who missed the chance of first time investment, the company has started the selling of such funds again since November 15 during the normal working days. It also facilitates the investors with the on-line purchase services. The investors can apply for the service at www.tmbam.com. The sum that the buyers paid for LTF units this year can be deducted from their taxable income as actually incurred but not more than 15% of their income and not over 300,000 baht.
As of November 12, TMB Asset Management Company has 14 funds under its management with asset under management worth 45,466 million baht. TMB Money Fund, one of the funds under the company’s management, is very famous among the investors. It has the Net Asset Value over 30,000 million baht.
For more information, please contact
Lakana Khwan-ngam , Sujira Wirojana
PR Consultant
Tel. 0 2953-8633, 0 2954-2863, 01-822-2363, 01-629-1821 End.