Announcement Opening of new share classes for Long-Term Equity Funds (LTFs)

8 May 2020
  • SCB DIVIDEND STOCK 70/30 LONG TERM EQUITY FUND (SCBLT1FUND)
  • SCB STOCK PLUS LONG TERM EQUITY FUND (SCBLT2FUND)
  • SCB LONG TERM EQUITY FUND (SCBLT3FUND)
  • SCB INTER LONG TERM EQUITY FUND (SCBLT4FUND)
  • SCB TARGET LONG TERM EQUITY FUND (SCBLTTFUND)

      SCB Asset Management Co., Ltd. (SCBAM) would like to inform about the opening of new share classes effective from May 11th, 2020.

Fund name Share class

SCB DIVIDEND STOCK 70/30 LONG TERM EQUITY FUND (SCBLT1FUND)

 1. Long-term Equity Fund (LTF) Class (SCBLT1) (available)
Suitable for investors purchasing the investment units of a long-term equity fund before 1 January 2020 for the purpose of receiving tax privilege.

2. Year 2020 Class (SCBLT1-2020) (not yet available)
Suitable for investors intending to receive investment returns from dividends without being able to deduct the investment amount as a tax allowance.

3. Super Savings Fund (SSF) Class (SCBLT1-SSF) (not yet available)
Suitable for investors intending to save money for the long-term and enjoy tax privilege by deducting the amount of investment in this class as an allowance for the calculation of personal income tax.  In this regard, the investors must act in compliance with the rules, procedures, and conditions stipulated by the Revenue Department and/or relevant authorities.

SCB STOCK PLUS LONG TERM EQUITY FUND (SCBLT2FUND)

1. Long-term Equity Fund (LTF) Class (SCBLT2) (available)
Suitable for investors purchasing the investment units of a long-term equity fund before 1 January 2020 for the purpose of receiving tax privilege.

2. Year 2020 Class (SCBLT2-2020) (not yet available)
Suitable for investors intending to receive a total return through the appreciation of the investment unit value without being able to deduct the investment amount as a tax allowance.

3. Super Savings Fund (SSF) Class (SCBLT2-SSF) (not yet available)
Suitable for investors intending to save money for the long-term and enjoy tax privilege by deducting the amount of investment in this class as an allowance for the calculation of personal income tax.  In this regard, the investors must act in compliance with the rules, procedures, and conditions stipulated by the Revenue Department and/or relevant authorities.

SCB LONG TERM EQUITY FUND (SCBLT3FUND)

1. Long-term Equity Fund (LTF) Class (SCBLT3) (available)
Suitable for investors purchasing the investment units of a long-term equity fund before 1 January 2020 for the purpose of receiving tax privilege.

2. Year 2020 Class (SCBLT3-2020) (not yet available)
Suitable for investors intending to receive a total return through the appreciation of the investment unit value without being able to deduct the investment amount as a tax allowance.

3. Super Savings Fund (SSF) Class (SCBLT3-SSF) (not yet available)
Suitable for investors intending to save money for the long-term and enjoy tax privilege by deducting the amount of investment in this class as an allowance for the calculation of personal income tax.  In this regard, the investors must act in compliance with the rules, procedures, and conditions stipulated by the Revenue Department and/or relevant authorities.

SCB INTER LONG TERM EQUITY FUND (SCBLT4FUND)

1. Long-term Equity Fund (LTF) Class (SCBLT4) (available)
Suitable for investors purchasing the investment units of a long-term equity fund before 1 January 2020 for the purpose of receiving tax privilege.

2. Year 2020 Class (SCBLT4-2020) (not yet available)
Suitable for investors intending to receive investment returns from dividends without being able to deduct the investment amount as a tax allowance.

3. Super Savings Fund (SSF) Class (SCBLT4-SSF) (not yet available)
Suitable for investors intending to save money for the long-term and enjoy tax privilege by deducting the amount of investment in this class as an allowance for the calculation of personal income tax.  In this regard, the investors must act in compliance with the rules, procedures, and conditions stipulated by the Revenue Department and/or relevant authorities.

SCB TARGET LONG TERM EQUITY FUND (SCBLTTFUND)

1. Long-term Equity Fund (LTF) Class (SCBLTT) (available)
Suitable for investors purchasing the investment units of a long-term equity fund before 1 January 2020 for the purpose of receiving tax privilege.

2. Year 2020 Class (SCBLTT-2020) (not yet available)
Suitable for investors intending to receive investment returns from dividends without being able to deduct the investment amount as a tax allowance.

3. Super Savings Fund (SSF) Class (SCBLTT-SSF) (not yet available)
Suitable for investors intending to save money for the long-term and enjoy tax privilege by deducting the amount of investment in this class as an allowance for the calculation of personal income tax.  In this regard, the investors must act in compliance with the rules, procedures, and conditions stipulated by the Revenue Department and/or relevant authorities.

 

For existing unitholders of Long-Term Equity Funds under SCBAM management, your units will automatically be classified as Long-Term Equity share class, and this does not affect your tax benefits.

The existing unitholders can switch units between the Long-Term Equity share classes under SCBAM management as usual, but advance orders are no longer available.

The existing unitholders can switch units of Long-Term Equity Funds from other asset managers to the SCBAM Long-Term Equity share classes or from the SCBAM Long-Term Equity share classes to Long-Term Equity Funds of other managers.

 

Announced on May 8th, 2020
SCB Asset Management Company Limited

SCBAM

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SCBGEARA

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SCBSPICYA

SCB Mixed – Spicy Fund (Accumulation)

SCBINCA

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SCBINCR

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SCBROBOA

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