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SCB Asset Management Company Limited would like to inform you that SCB US Short Duration High Income Bond (SCBUSHY) have been approved by the Securities and Exchange Commission (SEC) on 12th and 14th September 2022 for the Master fund change, due to the existing fund did not meet our qualitative standard. The change will be effective from 27th September 2022 onwards.
| Existing | New | |
| Master Fund |
Allianz US Short Duration High Income Bond Management Company: Allianz Global Investors GmbH Investment Policy: To generate an above-average current income with a below-average volatility compared to the US short duration high yield bond market. The Fund invest in bonds and certificates which refer to bonds or bond indices ISIN: LU1363153740 Website: www.allianzgi.sg |
AXA IM Fixed Income Investment Strategies-US Short Duration High Yield Management Company: AXA Funds Management S.A. Investment Policy: To invest in high yield bonds primarily issued by corporates domiciled primarily in the US and with an expected life term or redemption inferior 3 years on the basis of the asset manager anticipations. Such high return bonds have a rating lower than BBB- (according to Standard & Poor's or equivalent) ISIN: LU0211118053 Website: https://funds.axa-im.lu/fund-centre/-/funds-center/axa-im-fiis-us-short-duration-high-yield-b-usd-acc-19547#/ |
| NAV calculation and NAV announcement | Calculation: T+1 Announcement: T+2 |
Calculation: T+2 Announcement: T+3 |
| Subscription/redemption /switching period | Subscription/redemption/switching to 15.00 hrs. for all channels | Subscription/redemption/switching to 12.00 hrs. for all channels |
| Redemption payment date | 3 business days after redemption date (T+3) | 5 business days after redemption date (T+5) |
The amendment details are published on www.scbam.com. You may contact Client Relations 0-2777-7777 ext. 0 ext. 6 during business days between 08.30 – 17.00 for any further inquiries.
Announced on 15 September 2022
SCB Asset Management Company Limited
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SCB Global Income Fund (Auto Redemption)
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SCB Global Income Fund (Accumulation)
