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As SCB Asset Management Company Limited (SCBAM) previously announced on the closure of SCBADAGIO and SCBMBOND and returned the sale proceeds from the Mirror Fund after deduction of expenses to the unitholders.
SCBAM would like to further update on the Side Pockets – September and October 2023 report of H2O Adagio SP SR and H2O MultiBonds SP I (the Master Funds of SCBADAGIO and SCBMBOND respectively) as follows:
| ISIN Code Side Pocket | Name of the Side Pockets in EUR |
Date as of 29/09/2023 |
Date as of 31/10/2023 |
Change in estimated valuation |
| FR0013535077 | H2O Adagio SP SR | 1.28 | 1.28 | 0.00% |
| FR0013535960 | H2O MultiBonds SP I | 8,270.97 | 8,271.06 | 0.00% |
Monthly comments:
September and October Report:
As of September 2023, the estimated valuations of the side-pocketed funds (SP) have been revised downwards. These reductions vary depending on the financial instruments held within the respective SPs.
No major change in October 2023 regarding the estimated valuations. H2O AM reaffirming its commitment to complete the full sale of the Side Pocketed assets. However, it is worth reminding that the valuation uncertainty that led to the segregation of SP funds remains. Only the liquidation will allow an exact valuation.
Source: Side Pockets – September and October 2023 report from H2O Asset Management.
Please be informed accordingly.
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)
