Bangkok--Jan 17--TMBAM
Mrs. Jotika Savanananda, managing director of TMB Asset Management Company Limited disclosed that this year the company plans to launch treasury funds with maturity period of three months, six months, and one year respectively every last week of each month, giving investors more options to match their investment criteria.
“This year, the company speculates that the bond fund will continue to attract the interest of the investors particularly on the short-term fund which not only there is no risk on the principal but investment can be made in short run as well for those investors who want to speculate the interest rate that has a tendency to rise. The fund yields are higher than the fixed deposit rate of the commercial banks and also income tax free”, said Jotika.
Jotika added “TMB Treasury Fund possesses high security as the emphasis of investment will be mainly on the bond issued by the government and the Bank of Thailand. Investors can simply figure out their return on investment by looking at government bond yield after expense ratio, for example, current yield of three month bond is 3.91%, the return for investors will be 3.5% after deducting expense ratio.”
TMBAM will start offering its first trench of 3-month, 6-month and 1-year Treasury Fund during 20th -27th January 2006. Each fund has the fund size value of 5,000 million baht. The fund unit can be subscribed at par 10 baht per unit with a minimum purchase of 2000 baht. So as to promote the funds, TMBAM has reduced its management fee for the 3-month fund from its normal rate of 0.35% to 0.25% during the period of Jan-March 2006 and for the 6-month fund, the management fee will be reduced to 0.30% from 0.40% during Jan-Jun 2006.
TMBAM Treasury Funds aim at providing investors with secure and higher than the fix deposit rate by focusing the investment on the government bonds with guaranteed principal and interest such as Treasury Bill, Government Bond, Bank of Thailand Bond and money market instrument issued by the Ministry of Finance or Financial Institution Development Bond. Interested Investors can obtain more information from TMBAM office and all authorized representatives or tel. 0-2636-1800 press 3.
For more information, please contact
Lakana Khwan-ngam , Sujira Wirojana
PR Consultant
Tel. 0 2953-8633, 0 2954-2476, 01-822-2363,01-629-1821 End.