SCB Asset Management has confidence in the management of our fixed income funds during this period of volatility. The Company will continue to accept investment unit subscription and/or redemption orders without postponing the redemption date and is fully

27 March 2020

Dear valued investors,

 

The fixed income market has received good news on 22 March 2020 from the Bank of Thailand’s announcement of the liquidity support policy for fixed income funds through commercial banks. The policy includes money market funds and daily fixed income funds with holdings in quality assets. The policy prepares for the injection of one trillion Baht into the Thai fixed income market – an extremely large value which should bring stability to the market’s liquidity and greatly reduce volatility in fixed income prices.

SCB Asset Management is pleased to announce that all money market funds and daily fixed income funds under management of the Company are qualified to receive support from the policy.

With the continuous support from Siam Commercial Bank, strong policies from the public sector and prudent fund management philosophy that focusses on our investors’ optimal benefits over the past 28 years, SCB Asset Management has confidence in our fund management during this period of volatility. The Company will continue to accept investment unit subscription and/or redemption orders without postponing the redemption date and is fully committed to provide convenience for our investors.

SCB Asset Management would like to thank you all investors for trusting us with your investments and would like to assure all investors that the Company will continue to invest for your best interest, first and foremost, no matter the situation.

 

Narongsak Plodmechai
Chief Executive Officer
SCB Asset Management Company Limited

SCBAM

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