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SCB Asset Management Company Limited (SCBAM) would like to notify unitholders that SCBAM has obtained the approval from the Securities and Exchange Commission (the SEC Office) on February 9, 2021 to change the master fund of SCB Global Multi Strategies (Not for Retail Investors) (SCBGMT) as the existing master fund’s performance has not met SCBAM’s standard which affects the fund and unitholders including other amendments to comply with the fund policy. The details are listed per below.
Master Fund
| Existing | New | |
| Name of the master fund | AQR Systematic Total Return Fund share class A USD |
Man AHL TargetRisk share class I USD |
| Domicile | Luxembourg | Ireland |
| Inception date of the master fund | 8 June 2013 | 12 December 2014 |
| Philosophy | Risk Parity: Equal risk weight across 3 strategies (Long/Short) | Risk Parity: Asset allocation based on risk budgeting approach (Long only) |
| Investment Strategy | - Risk Balance (Long only): Target equal risk exposure across equities, bonds and commodities - Market Neutral (Long/Short): Aims for zero beta - Trend Following (Long/Short): Trades on trend-following signals |
- Correlation: Seeks to identify periods where bonds and equities become correlated - Momentum: Designs to detect downward trends - Volatility: Adjusts the portfolio according to the market’s volatility |
SCBGMT
| เดิม | ใหม่ | |
| Benchmark | - MSCI World NETR USD index: 25% - MSCI World NETR Euro index: 25% - BofA Merrill Lynch global high yield index: 50% |
Master fund’s performance: 100% |
| Subscription/ redemption/ switching the investment unit | Investors can subscribe/redeem/switch the investment units monthly. SCBAM will set the date for subscription/redemption /switching the investment units in advance. The timeframe for sending advanced order will not be less than 12 business days prior to the trading date of investment units. | Investors can subscribe/redeem/switch the investment units every trading day set by SCBAM. Note: SCBAM will cancel the advanced order schedule on the website. |
| Switching out date / Redemption payment date | T+4 / T+5 | T+3 / T+4 |
Note: T = subscription / redemption /switching date
This will be effective from February 25, 2021 onwards. Unitholders 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.
Please be informed accordingly.
Announced on 17 February 2021
SCB Asset Management Company Limited
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)
