SHARE
SCB Asset Management Company Limited (SCBAM) would like to inform the unitholder that SCB JAPAN EQUITY FUND (SCBNKY225) and SCB JAPAN EQUITY RMF (SCBRMJP) has been approved by the Securities and Exchange Commission Office on the Master Fund change. The Fund’s benchmark shall be also updated to be aligned with the new Master Fund. Such change will be effective from 19 July 2024 onwards per following details.
| Subject | Existing | New |
| Master Fund |
NEXT FUNDS Nikkei 225 Exchange Traded Fund ISIN: JP3027650005 Fund Type: Exchange Traded Fund (ETF) Management Company: Nomura Asset Management Co., Ltd. Listed Exchange: Tokyo Stock Exchange Base Currency: Japanese Yen Investment Policy: The Master Fund invests in the constituent stocks of Nikkei 225 and stocks to become constituent of Nikkei 225, in the same proportion as the number of shares in the Nikkei 225 Index (or Nikkei Stock Average), with the objective of achieving investment performance linked to the Nikkei 225 Index. Benchmark: Nikkei 225 index or Nikkei Stock Average Management Fee and Other Expenses: 0.1792% |
iShares Core Nikkei 225 ETF
Fund Type: Exchange Traded Fund (ETF) Management Company: BlackRock Japan Co., Ltd. Listed Exchange: Tokyo Stock Exchange Base Currency: Japanese Yen Investment Policy: The Master Fund aims to achieve a Net Asset Value per unit that closely tracks the performance of the Nikkei 225 Total Return Index by investing mainly in shares of the stocks constituting and determined to constitute the Nikkei 225 Total Return Index. Benchmark: Nikkei 225 Total Return Index Management Fee and Other Expenses: 0.0826% |
| Benchmark | Nikkei 225 Index 100% | Nikkei 225 Total Return Index 100% |
The iShares Core Nikkei 225 ETF aims to closely track the performance of Nikkei 225 Total Return Index similar to the existing Master Fund with significantly lower total expense ratio. The new Master Fund is also able to track the underlying index more efficiently based on historical performance. SCBAM believe this change will be best benefited to unitholders and overall performance of SCBNKY225 and SCBRMJP in long term.
You may visit SCBAM’s website for more details of the Master Fund or contact Client Relations 0-2777-7777 during business days between 08.30 – 17.00 for any further inquiries.
Announced on 2 July 2024
SCB Asset Management Company Limited
SCB Global Income Fund (Accumulation)
SCB LOW VOLATILITY EQUITY FUND (Dividend)
SCB LOW VOLATILITY EQUITY FUND
(Accumulation)
SCB Low Volatility Equity RMF
SCB Global Equity Absolute Return Fund (Accumulation)
SCB Mixed – Spicy Fund (Accumulation)
SCB Income Fund (Accumulation)
SCB Income Fund (Auto Redemption)
