Side Pockets – July 2024 report SCBADAGIO & SCBMBOND

11 September 2024

             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

SCBAM

Suggested Fund

SCBLEQA

SCB LOW VOLATILITY EQUITY FUND
(Accumulation)

SCBGEARA

SCB Global Equity Absolute Return Fund (Accumulation)

SCBGMLA

SCB Global Machine Learning Equity (Accumulation)

SCBINCR

SCB Income Fund (Auto Redemption)

SCBOPPR

SCB Credit Opportunities Fund
(Auto Redemption)

SCBGINR

SCB Global Income Fund (Auto Redemption)

SCBAPLUS

SCB Asia Pacific Income Plus Fund (Not for Retail Investors) (Auto Redemption)

SCBGINA

SCB Global Income Fund (Accumulation)