SCB opens range of investment options with 16 funds
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.
