Side Pockets - November to December 2020 report SCBADAGIO & SCBMBOND

4 February 2021

          As SCB Asset Management Company Limited (SCBAM) previously announced on the closure of SCBADAGIO and SCBMBOND and returned the sale proceeds from the Mirror Fund after deduction of expenses to the unitholders.

          SCBAM would like to further update on the Side Pockets reports of November to December 2020 of H2O Adagio SP SR and H2O MultiBonds SP I (the Master Funds of SCBADAGIO and SCBMBOND respectively), per below :

ISIN Code Side Pocket Name of the Side Pockets in EUR Date of split Latest available
November 30th 2020​ 		Variation of estimated valuation SP Latest available  December 31st  2020 Variation of estimated valuation SP
FR0013535077 H2O Adagio SP SR (1 ตุลาคม 2563) 8.71 8.94 0.00% 8.82 -1.34%
FR0013535960  H2O MultiBonds SP I (5 ตุลาคม 2563) 43,471.09 43,354.26 -0.67% 42,456.54 -1.41%

 

Monthly comments:

November

  • The adjustment on the accrued coupon of Tennor Finance BV generated a slightly negative change in the estimated valuation of H2O MultiBonds SP due to their greater exposure.

December

  • The adjustment on unpaid or accrued coupons notably from Civitas Properties Finance had the largest negative impact on the estimated valuation of all the SP funds.

Source: Side Pockets – November 2020 report as of December 7th 2020 and Side Pockets – December 2020 report as of January 14th 2021 from H2O Asset Management.

 

Please be informed accordingly.
SCB Asset Management Company Limited

SCBAM

Suggested Fund

SCBLEQ

SCB LOW VOLATILITY EQUITY FUND (Dividend)

SCBLEQA

SCB LOW VOLATILITY EQUITY FUND
(Accumulation)

SCBRMLEQ

SCB Low Volatility Equity RMF

SCBGEARA

SCB Global Equity Absolute Return Fund (Accumulation)

SCBSPICYA

SCB Mixed – Spicy Fund (Accumulation)

SCBINCA

SCB Income Fund (Accumulation)

SCBINCR

SCB Income Fund (Auto Redemption)

SCBROBOA

SCB Global Robotics Fund (Accumulation)