Bangkok--9 Sep--Aberdeen
Aberdeen announces its success again, reiterating its leader in FIF industry
Topping this year with the highest IPO subscription in Aberdeen China Gateway Fund
Aberdeen Asset Management Company Limited (Aberdeen) held a press conference to announce its success of the IPO subscription in Aberdeen China Gateway Fund during 24 Aug. — 7 Sep. 09
Mr. Chaikaseam Vadhanasiripong, Head of Fund Distributional Sales, Aberdeen Asset Management Company Limited said “Aberdeen is thankful to all investors who have subscribed in Aberdeen China Gateway Fund’s which is the 6th FIF of Aberdeen Thailand. It has been well subscribed nearly 500MB in total and it’s the highest IPO subscription of all equity FIF funds since the beginning of this year until now. From this success, now Aberdeen has increased the total assets of its foreign investment funds to 4,094.77 MB from previously which is 3,603.35 MB” (data as of 7 Sep 09)
Aberdeen China Gateway Fund will reopen its subscription to investors from 16 September 2009 onwards and front-end fee will be charged at 1.50% of NAV. Investors can subscribe via Aberdeen or our distributors with a minimum subscription not less than 5,000 Baht.
Given the volatility of global stock markets including more choices of investing in China through many mutual funds offering by other asset management companies, Aberdeen believes what brings us good response is investors’ confidence in Aberdeen’s active style of investment management. We are interested in right companies which we know them well from our company visits. We focus on solid fundamentals, strong balance sheet and not inclined to follow short term market trend or thematic investment but to concentrate with the investment discipline in order to make a good opportunity for long term value investors.
Mr. Chaikaseam added “Apart from Aberdeen’s FIFs, we also look to have a public relation regarding our tax benefit mutual funds. Now, Aberdeen has 1 LTF which is Aberdeen Long Term Equity Fund and 2 RMFs which are Aberdeen Smart Capital - Retirement Mutual Fund investing in equities and Aberdeen Smart Income - Retirement Mutual Fund investing in fixed income instruments. This year, we have promotional campaigns for LTF and RMFs where clients can accumulate their investment throughout the year 2009 to get free Central gift voucher worth 200 Baht and max 2,500 Baht, depending on the total value of their accumulated investment”
Recently, Aberdeen has launched a new service calls “MIP (Monthly Investment Plan)” which allows investors to invest on fixed monthly amount basis and that will systemise investment for higher efficiency and instil investment discipline to our participating investors.
For more information
Kullayavadee Thadtieampet Tel. 0-2352-3382
Head of Client Services
Jirachaya Laptavornkiat Tel. 0-2352-3387
Assistant Manager
Important Information
Past performance of the fund is no guarantee of its future performance.
Investment in a foreign investment fund (FIF) is subject to currency risk and may get a return lower than the amount initially invested.
Investments contain risks. Investor should study prospectus before making a decision to invest.