Bangkok--4 Aug--Asset Plus
Asset Plus Fund Management launch a new foreign investment fund during August 3-10, Active FIF7 (ACFIF7). The fund is fixed 3 months term and will invest mainly in Korea Monetary Stabilization Bond (MSB) Net expected return to investors would be at 1.60% per annum.
Win Udomrachtavanich a Senior Fund Manager at Asset Plus Fund Management Co., Ltd. mentioned that local fixed income market is quite volatile following the movement in US treasury markets, which have been pressured from over supply of new auction issue along with improvement in global risk appetite that caused allocation switching from fixed income to equities and commodities. Overall, this pushed local fixed income yield curve to steepen over the past week. Ongoing, it would likely be that movement in local fixed income would continue to follow US markets as concern over new supply is abated.
“For the investors who interest in investing in the Korea Government bond, despite net return to investors has been decreased recently from improving in sentiment in Korean economy, overall return is still attractive relative to deposits and investment in local money market instruments over the same tenor. It is also likely that the spread from Korean Investment would further tighten as global economy is improving, hence further benefits Korea economy.” Dr. Win said
Ms. Jarulag Ruangsuwan a Senior Vice President, Marketing Department at Asset Plus Fund Management Co., Ltd. said that today until August 10, the company offers a new IPO fund “Active FIF7 (ACFIF7)”. For the first investment period, the fund will 100% invest in 3-months Korea Monetary Stabilization Bond (MSB)
ACFIF7 is suitable for the low risk tolerance investor type who is seeking the better expected return from investing foreign government bond. The fund can generate the expected return after the fully-hedged fee and all expenses deduction at the rate of 1.60% per annum.
* Active FIF7 Port detail
Name Credit Rating by Moody's / S&P / Fitch Investment Portion Return after fully-hedged fee Investment return Expense Expected Return
(% per annum)* (% per annum) (% per annum) (% per annum)
3-month Korea Monetary Stabilization Bond (MSB) P-1/A-1/F1 100.00% 1.85 1.85
1.85 0.25 1.60
Standard Chartered Bank will be the counter party for fully-hedged transaction.
*Bloomberg as of August 4, 2009. Investors may not receive this rate if market changes.
For more information, please contact
General investor : Call Center 02-672-1111
Media : Public Relations Section
Ms.Mookpim Chulpongstorn
Tel. 02-672-1000 Ext. 3308
Email: [email protected]