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SCB Asset Management Company Limited (SCBAM) would like to inform the unitholder that SCBAA 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 7 October 2024 onwards per following details.
| Subject | Existing | New |
| Master Fund |
PIMCO GIS Dynamic Multi-Asset Fund Share Class: Institutional USD (Hedged) Accumulation ISIN: IE00BYQDNF69 Management Company: PIMCO Global Advisors (Ireland) Limited Fund Domicile: Ireland Investment Policy: The Master Fund aims to maximize the total return by taking exposure to a wide range of assets from around the world. The Master Fund has a flexible approach to asset allocation such as equity, equity-related securities, fixed-income, currency, commodity-related instruments, property-related instruments and/or derivatives etc. |
Invesco Global Income Fund Share Class: C Accumulation (EUR) ISIN: LU1097689365 Management Company: Invesco Management S.A. Fund Domicile: Luxembourg Investment Policy: The Master Fund aims to provide a combination of income and capital growth over the medium-to long term by investing primarily in a flexible allocation to debt securities and global equities. Debt securities may be investment grade, non-investment grade, un-rated debt securities and may originate from all issuer types globally (including those from emerging markets). Benchmark: None; however, the reference indices that the Master Fund uses for performance comparison purposes are: - MSCI World Index (EUR hedged) (Net Total Return) 40% - ICE BofA Global Corporate Index (EUR hedged) (Total Return) 10% - ICE BofA Global High Yield Index (EUR hedged) (Total Return) 40% - J.P. Morgan EMBI Global Diversified Composite Index (Total Return) 10% |
| Benchmark | The Master Fund' s performance 100% | None, since the Master Fund is benchmark agnostic and has no benchmark. |
The primary advantage of this change is to enhance portfolio management for the maximum benefit of unitholders. The Master Fund, Invesco Global Income Fund, adheres to a flexible allocation policy that aligns with SCBAA objectives. The Master Fund aspires to be an ‘All Weather’ income strategy by diversifying its investments across global bonds and equities depending on market conditions. It focuses on investing in high-quality stocks with long-term growth potential and diversifying into various types of bonds to balance capital preservation and generate higher returns. Additionally, the Master Fund holds a 4-star rating from Morningstar in the EAA Moderate Allocation – Global category, as of July 31, 2024. 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 6 September 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)
