Asset Plus Asset Management Company Limited ordered a “Stop Selling – No Buybacks Accepted” and proceeded to close the ASP-DPLUS Fund after separating the EA-related assets and using liquidity management tools for two days. Investors panicked and massively redeemed their investments. Due to the lack of confidence in the bond market, it is beneficial to unit holders as a whole.
Asset Plus Asset Management Company Limited ordered a “Stop Selling – No Buybacks Accepted” and proceeded to close the ASP-DPLUS Fund after separating the EA-related assets and using liquidity management tools for two days. Investors panicked and massively redeemed their investments. Due to the lack of confidence in the bond market, it is beneficial to unit holders as a whole.
Mr. Khamsan Valanusunthi, Managing Director Asset Plus Asset Management Limited has announced on the company’s website. Clarification to unit holders regarding not selling or accepting redemption of investment units as per accepted orders and stopping accepting purchase orders or redemption orders for investment units. And dissolution of Asset Plus Daily Plus Fixed Income Fund (ASP-DPLUS).
As of July 15, 2024, Asset Plus Asset Management Company Limited (Ase Plus Asset Management Company Limited) has implemented the liquidity management tool for the ASP-DPLUS Fund in accordance with the details announced on the management company’s website and it is found that there are still a large number of unitholders who are continuously redeeming funds from the Fund. Which makes the period between July 15 – 16, 2024 the total amount of resale
The net investment units amount to more than two-thirds of the total number of investment units sold.
Asset Plus Asset Management Limited believes that the current investment climate is facing a lack of confidence in the bond market, which
Affects the total liquidity of the Fund in the sale of debt instruments. Including increasing the cost of providing liquidity. As a result, the ASP-DPLUS Fund faces problems in finding liquidity at the price most beneficial to unitholders.
For this reason, Asset Plus Asset Management Company has taken into consideration and has a reasonably sincere belief that the mutual fund solution will be beneficial to the unitholders as a whole.
Accordingly, Asset Plus Asset Management Company wishes to cancel the sale or redemption of investment units pursuant to the orders received and cease accepting orders or redemption orders on July 16, 2024 in order to proceed with the dissolution of the Fund. For redemption orders received on July 15, 2024, Asset Plus Asset Management Company wishes to cancel the use of the Redemption Gateway tool, and the remaining redemption sales from the Redemption Gateway will be included as the Fund proceeds with the dissolution of the Fund.
Moreover, this process has been carefully studied and takes into account the interest of unitholders as the first priority. Asset Plus Asset Management Co., Ltd. is confident that the cessation of operations of AS P-DPLUS Fund this time will prevent unitholders from having to face higher risks and costs to obtain liquidity.
In this regard, unit holders are requested to study the details of redeeming investment units and the benefits that will be obtained.
The amount received from this fund solution can be obtained from the attached document.
Asset Plus Asset Management Co., Ltd. is committed to providing money management services. Focusing on consistently generating good returns for investors. We are committed to providing the best care for your investments.
Finally, I would like to thank you for your continued trust in our fund management company. Asset Plus Asset Management Co., Ltd. sincerely apologizes for the inconvenience this has caused.
If you would like to inquire about additional information please contact your sales and unit purchase support representative or contact Asset Plus Customer Service at 02-672-1111 during business days and hours from 8:30 am to 5:30 pm or via email at [email protected]
both of themAsset Plus Asset Management Company Limited has announced the “Estimated Premium Schedule for Unitholders of ASP-DPLUS-A Fund” as follows.
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