Tuesday, August 11, 2020

SCB opens range of investment options with 16 funds

Jul 09. 2020
Facebook Twitter

By The Nation

SCB Asset Management (SCBAM) has launched 16 Super Savings Funds (SSF) and long-term equity funds (LTF), covering investment in all assets since July 1 this year.

Narongsak Plodmechai, chief executive officer at SCBAM, said that this move aimed to provide a variety of investment options for several investors.

He said the 16 SSF and LTF funds are:

Two fixed income funds

▪︎ SCB Short Term Fixed Income Plus Fund (Super Savings Fund): This fund invests in deposits, government bonds and debt instruments, both domestic and offshore in the short term.

▪︎ SCB Fixed Income Plus Fund (Super Savings Fund): Invests in deposits, government bonds and debt instruments both domestic and offshore within one to three years.

One mixed fund

▪︎ SCB Smart Plan 2 Open End Fund (Super Savings Fund): Invests in stocks and debt instruments. The target volatility is approximately 5 per cent per year.

Two equity funds

▪︎SCB Selects Equity Fund (Super Savings Fund): Invests in 30 Thai stocks that have strong fundamentals to generate outstanding returns.

▪︎SCB Dividend Stock Open End Fund (Super Savings Fund): Invests in Thai stocks that pay dividends regularly.

Three foreign investment funds

▪︎ SCB Global Strategic Investment Fund (Super Savings Fund): Invests in debt instruments of foreign private sectors, managing by PIMCO, the world-class fund manager.

▪︎ SCB US Equity Fund (Super Savings Fund): Focuses on generating returns similar to the S&P500 Index, the most valuable index in the US.

▪︎ SCB Low Volatility Equity Fund (Super Savings Fund): This fund invests in stocks worldwide that have good fundamentals and low volatility.

Two alternative funds:

▪︎ SCB Gold THB Hedged Open-End Fund (Super Savings Fund): Focuses on generating returns similar to the gold bar price in the global market.

▪︎ SCB Property and Infrastructure Flexible Fund (Super Savings Fund): Invests in property and/or infra units, including real estate investment trust, registered both domestic and foreign.

Six Long Term Equity Funds (LTF): These existing funds will enable investors to avail investment opportunities.

Tags:
Facebook Twitter
More in Business
Editor’s Picks
wmg-logo
Top News
wmg-logo