Category
Foreign Investment Fund
Investment Policy
The Fund has a policy to invest in units of an offshore mutual fund (the “Master Fund”) that invests in gold and seeks to generate returns that closely correspond to the performance of gold prices. The Fund will maintain an average investment of not less than 80% of its Net Asset Value (NAV) in the Master Fund over an accounting year.
The LH Gold Fund invests in units of the SPDR Gold Trust (the “Master Fund”), which primarily invests in physical gold bullion with the objective of tracking the performance of the price of gold. The Master Fund is established and managed by World Gold Trust Services, LLC, a Delaware limited liability company organized under the laws of the United States of America (USA) and wholly owned by the World Gold Council (WGC), a non-profit organization.
The Master Fund is listed on the stock exchanges of New York, Tokyo, Hong Kong, and Singapore. The Management Company will execute investments in the Master Fund through the New York Stock Exchange (NYSE) and will invest primarily in U.S. Dollars (USD).
The Fund may invest in financial derivative instruments (FDIs) for the purposes of hedging foreign exchange risk and/or efficient portfolio management (EPM), at the discretion of the Fund Manager. Such decisions will be based on prevailing market conditions and other relevant factors, including economic, political, monetary, and fiscal developments.
The Management Company reserves the right to change the Fund’s structure and classification in the future to a Fund of Funds, a fund investing directly in foreign securities and/or financial instruments, or to revert to a Feeder Fund, provided that such change does not increase the Fund’s risk spectrum. Any such change shall be at the discretion of the Fund Manager, taking into consideration market conditions and acting in the best interests of unitholders.
The Management Company will provide unitholders with at least 30 days’ prior notice before implementing any such change by publishing an announcement on the Management Company’s website and the websites of appointed selling and/or redemption agents (if any).
Further information on the Master Fund is available at:
Website: www.spdrgoldshares.com
Fund Management Strategy
SPDR Gold Trust (Master Fund): Managed with the objective of delivering investment results that closely track the performance of the price of gold (Passive Management / Index Tracking).
LH Gold Fund: Managed with the objective of delivering performance that closely tracks that of the Master Fund (Passive Management / Index Tracking).
Dividend Policy
No
Benchmark
100% of the Master Fund’s performance, adjusted for foreign exchange hedging costs (80%) and translated into Thai Baht returns using the prevailing exchange rate on the performance calculation date (20%).Registration date
17 August 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
