Master Fund Change of SCB Active Allocation Fund (SCBAA)

6 September 2024

       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.
 

Benchmark: 1 Month USD LIBOR Index

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

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)