Category
Foreign Investment Fund
Investment Policy
The Fund has a policy to invest in or hold units of foreign collective investment schemes (the “Underlying Funds”), including CIS units and/or Exchange Traded Funds (ETFs), in at least two underlying funds. On average during an accounting year, the Fund will invest not less than 80% of its net asset value (NAV) in such Underlying Funds.
The Underlying Funds invest in equity securities of companies that are domiciled in, or principally conduct their business in, the People’s Republic of China. The Fund’s investment in each Underlying Fund will, on average during an accounting year, not exceed 79% of the Fund’s net asset value. The Fund will invest in foreign assets, resulting in a net exposure to foreign investment risk averaging not less than 80% of its net asset value during an accounting year, or such other proportion as may be prescribed by the Office of the Securities and Exchange Commission (SEC).
The foreign funds or the Underlying Funds may invest in derivatives for Efficient Portfolio Management and/or Hedging purposes.
The remaining portion of the Fund’s assets may be invested, both domestically and internationally, in deposit-like instruments, deposits, debt securities, equity securities, hybrid securities, warrants, as well as other securities and/or assets, or seek returns through other means as specified in the Fund Scheme and/or as prescribed or approved by the Securities and Exchange Commission or the Office of the Securities and Exchange Commission.
The Fund may invest in derivatives for Efficient Portfolio Management and/or for hedging against Foreign Exchange Rate Risk, at the discretion of the Fund Manager. Such discretion will be exercised based on prevailing financial market conditions and other relevant factors, including economic, political, monetary, and fiscal considerations, in assessing the likely direction of currency movements.
Where the Fund Manager expects the U.S. Dollar (USD) to depreciate, the Fund may undertake foreign exchange hedging transactions to a relatively significant extent. Conversely, where the U.S. Dollar (USD) is expected to appreciate, the Fund Manager may elect not to hedge foreign exchange risk or may hedge only a limited portion of the foreign currency exposure. However, should the Fund Manager determine that foreign exchange hedging may not be in the best interests of unitholders or may reduce the benefits that unitholders may otherwise receive, the Fund may remain unhedged. Investors should note that such hedging transactions may involve costs, which could reduce the Fund’s overall returns.
In addition, the Fund may invest in or hold Structured Notes, Non-Investment Grade debt securities, Unrated debt securities, and Unlisted Securities. The Fund may also engage in securities lending transactions, reverse repurchase transactions (Reverse Repo), and/or other securities borrowing and lending transactions, as well as invest in other assets or seek returns through other means as specified in the Fund Scheme and/or as prescribed or approved by the Securities and Exchange Commission or the Office of the Securities and Exchange Commission.Provide your feedback on BizChat
Dividend Policy
Not exceeding 12 times per annum
Benchmark
Morningstar China NR USD index 100% adjusted by foreign exchange rate for calculating returns in Thai Baht currency on the Calculation Date.Changes Benchmark effect from October 1, 2023 onwards.
Registration date
17 June 2020
Fund Manager Name
Viriya Phokaisawan
Pornphen Chuleeprasert
RISK RATE
NAV MOVEMENT
TRADING INFO
Land and Houses Securities Public Company Limited
or appoint selling agents
Dividend history last 10
(Remark: Pay total 4 Time, Amount 0.8500 THB)