Bangkok--12 Jul--Bangkok Bank
The Bualuang Thanarat 9/49 Mutual Fund is now available at Bangkok Bank branches nationwide from July 10-17, 2006. The ninth mutual fund in the Bualuang Thanarat series this year offers Baht 3 billion of investment units that will automatically redeem at a minimum rate of 4.90 percent per annum.
Bangkok Bank Vice President Suyanee Puripanyawanich said the Bualuang Thanarat 9/49 is the fund in the Bualuang Thanarat series offered investors, short term investments that carried low risk, expected to generate a better return than current deposit rates, and were exempt from personal income tax.
Bualuang Thanarat 9/49 invests in government debt instruments, such as treasury bills, government bonds, and bonds issued by the Bank of Thailand. Investment units are priced at Baht 10 apiece with a minimum purchase of Baht 10,000. The registered size could be extended by another Baht 450 million if it receives strong demand.
Bualuang Thanarat 9/49 has 11-12 months duration and will mature on 22 June 2007. It will redeem the investment units automatically at a rate of not less than 4.90 percent a year of the principle investments at six-month intervals.
Bualuang Thanarat 9/49 Mutual Fund is managed by BBL Asset Management (BBLAM) and distributed by Bangkok Bank. Investors can purchase the Bualuang Thanarat 9/49 Mutual Fund at any Bangkok Bank branch nationwide. For further information, investors can also contact Bualuang Phone 1333, or BBL Asset Management on 0-2679-6400, or at www.bblam.co.th .
Investments in mutual funds carry certain risks. Investors are advised to study information about the fund before deciding to invest.