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SCB Asset Management Company Limited (SCBAM) would like to notify an amendment to the Mutual Fund Scheme to change the Master Fund which is effective from 28th September 2021 onwards, the approval was granted by the Office of the Securities and Exchange Commission of Thailand (the SEC Office) on 14th September 2021, details are as follows:
| Existing | New | |
| Name of the Master Fund | All China Equity Fund | Schroder International Selection Fund- All China Equity |
| Inception date | 19 May 2015 | 27 June 2018 |
| Management Company | Ninety One Luxembourg S.A. | Schroder Investment Management (Europe) S.A. |
| Investment strategy | Using 4FactorTM that combines both fundamental investment factors. (traditional) and behavioral investment factors (behavioral) that are the rights of the management company used in the selection of stocks for investment. It has a policy to focus on generating long-term returns from the growth of the principal through investment in equity or equity related securities issued by Chinese companies. | Flexible investment strategy: Select investments by taking into account the company's size, liquidity, and fundamentals and the company's strategic growth trend is assessed along with its focus on ESG, it aims to provide capital growth in excess of the MSCI China All Shares Net TR index after fees have been deducted over a three to five year period by investing in equities of Chinese companies (irrespective of where the companies are listed). |
| Redemption payment date | 3 business days from the transaction date | 4 business days from the transaction date |
| Switching out date (in case SCBCHEQ is the source fund) |
2 business days from the transaction date | 3 business days from the transaction date |
The reason for changing the Master Fund is that the current Master Fund's performance did not meet the standards of SCBAM which affects the Fund and its unitholders. Therefore, changing the Master Fund is beneficial to investors and contributing the opportunity to generate long-term growth on investment. More information of the new Master Fund can be found in the prospectus of SCB All China Equity Fund (SCBCHEQ).
In addition, the Fund has obtained the approval to amend the Mutual Fund Scheme in other matters to comply with the SEC’s Notification on 13th September 2021. Unitholders can view more details of the amendments at www.scbam.com or may contact Customer Relations at Tel. 0-2777-7777 ext. 0 ext. 6 during business days between 08.30 – 17.00 for any further inquiry.
Announced on 15th September 2021
SCB Asset Management Co.,Ltd
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)
SCB Global Robotics Fund (Accumulation)
