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As SCB Asset Management Company Limited (SCBAM) previously announced on the dissolution of SCBADAGIO and SCBMBOND and redeemed proceeds from the Mirror Fund after deduction of expenses to the unitholders.
SCBAM would like to further update on the Side Pockets – July 2024 report of H2O Adagio SP SR and H2O MultiBonds SP I, which is the Master Funds of SCBADAGIO and SCBMBOND respectively, as follows:
(EUR)
| ISIN Code | Name of the Side Pockets | Valuation 28 June 2024 |
Valuation 31 July 2024 |
% Change in estimated valuation |
| FR0013535077 | H2O Adagio SP SR | 0.33 | 0.37 | 12.12 |
| FR0013535960 | H2O MultiBonds SP I | 1,967.96 | 2,263.38 | 15.01 |
Summary of July Report:
The cancellation of negative provisions leads to an increase in the estimated valuation of Side Pockets Funds at the end of July 2024.
It is worth reminding that the valuation uncertainty which led to the segregation of Side Pockets Funds remains, and that any valuation therefore remains estimated. Our commitment in carrying out the complete liquidation of the Side Pockets Funds remains unchanged, as does our intention to treat unitholders equally.
Source: Side Pockets – July 2024 report from H2O Asset Management.
Side Pockets – July 2024 report
Please be informed accordingly.
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 Mixed – Classic Fund (Accumulation)
SCB Asia ex Japan Equity Index (Accumulation)
SCB Asia ex Japan Equity Index (E-channel)
SCB CHINA EQUITY OPEN END FUND (Accumulation)
