SHARE
SCB Asset Management Company Limited (SCBAM), as the manager of SCB ASIAN EMERGING MARKETS OPEN END FUND (SCBAEMFUND) and SCB Asian Emerging Markets THB Hedged (SCBAEMH), has been notified that the existing Master Fund, BlackRock Global Funds – Asian Growth Leaders Fund, will be merged into the new Master Fund, BlackRock Global Funds – Asian Dragon Fund, which will be effective from 10 July 2026 onwards.
In this regard, SCBAM has obtained approval from the Securities and Exchange Commission Office to change the Master Fund to be aligned with the merger, per following details.
| Subject | BlackRock Global Funds – Asian Growth Leaders Fund (the existing Master Fund) |
BlackRock Global Funds – Asian Dragon Fund (the new Master Fund) |
| Share Class | D2 U.S. Dollar | D2 U.S. Dollar |
| ISIN | LU0859042482 | LU1214678440 |
| Management Company | BlackRock (Luxembourg) S.A. | BlackRock (Luxembourg) S.A. |
| Fund Domicile | Luxembourg | Luxembourg |
| Benchmark | MSCI AC Asia ex Japan Index | MSCI AC Asia ex Japan Index |
| Investment Policy |
The Master Fund seeks to maximise total return by investing at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their activity in Asia, excluding Japan. The Master Fund places particular emphasis on sectors and companies that, in the opinion of the Investment Adviser, exhibit growth investment characteristics, such as above-average growth rates in earnings or sales and high or improving returns on capital. The Master Fund may invest directly up to 30% in aggregate of its total assets in the PRC. The Master Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management. |
The Master Fund seeks to maximise total return by investing at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Asia, excluding Japan.
|
| Annual Management Fee | 0.75% | 0.75% |
| Annual Ongoing Charge | 1.08% | 0.82% |
SCBAM would like to further inform that the new Master Fund remains attractive and suitable for long-term investment, supported by the following key factors:
• Flexible and Adaptive Investment Strategy: The new Master Fund adopts a flexible and adaptive investment approach, allowing for dynamic asset allocation in response to changing market conditions, without being constrained to any single investment style. This enhances its ability to generate returns across various market environments.
• High-Conviction Stock Selection: The new Master Fund employs a rigorous, bottom-up fundamental analysis to identify and invest in companies with strong long-term growth potential.
• Consistency of Returns: The new Master Fund has demonstrated consistent long-term performance, with risk-return characteristics comparable to the existing Master Fund and a tendency to outperform its peer group over long term periods.
• Experienced and Stable Investment Team: The new Master Fund is managed by a highly experienced team, led by Mr. Matt Colvin, together with a team of investment professionals specializing in the Asian markets.
• Scale Advantage: After the Master Funds’ merger, the enlarged fund size (AUM) enhances management efficiency, improves access to investment opportunities, and supports more effective portfolio construction.
The Master Funds’ merger is intended to enhance the operational efficiency. Both Master Funds have similar investment policies, strategies, and risk profiles, with lower ongoing charges. Therefore, the merger is not expected to have any material impact on the overall risk, return, or fees charged to unitholders.
However, the merger may incur transaction costs related to the portfolio adjustments which will affect the Master Funds’ NAV. In this regard, should any unitholder not intend to continue investing in the new Master Fund, you may redeem or switch out your investment units without additional charges by 19 June 2026.
You may visit SCBAM’s website for more details of the Master Fund or contact Client Relations 0-2777-7777 during business days between 08.30 – 17.00 for any further inquiries.
Announced on 10 June 2026
SCB Asset Management Company Limited
SCB Semiconductor (E-channel)
SCB GLOBAL HEALTH CARE EQUITY FUND (Dividend)
SCB US EQUITY FUND (Dividend)
SCB DIVIDEND STOCK OPEN END FUND
(Dividend)
SCB Income Fund (Accumulation)
SCB US Equity NDQ (E-channel)
SCB US Equity NDQ RMF (Accumulation)
SCB LOW VOLATILITY EQUITY FUND
(Accumulation)
