So, today we will take a look at some of the details that have been revealed about the fund. Along with the various timelines or time frames that have been provided for readers and investors interested in investing in Vayupak mutual funds to view this time.
The proposal for this round will be “Vayupak Mutual Fund 1” with a total fundraising value of not more than 1-150 billion baht open to general investors to buy into Type A investment units. Details and conditions regarding subscription date, distribution channels, minimum purchase amount, etc. will start to be revealed from August 16 onwards, but first there is an opportunity to start selling and register for trading on the stock exchange. I got it in September this year.
The details of the fund will remain similar to the original mechanism. Whether it is an investment policy in listed companies that pay regular dividends, there is a good chance of long-term growth. Including companies that operate sustainably and have good governance. It will fall under both active and passive investment strategies.
The interesting aspect is the dividend payout. It is still maintained as before by receiving dividends at least twice a year, with a guaranteed rate of return every year. The rate of return shall not be less than the minimum rate and not more than the maximum rate of return. The minimum and maximum rates of return will be fixed for 10 years (Water Fall).
In addition to the fund, there is a mechanism to protect the investment of type A investment units first (with preferential rights) in the event that the fund suffers a loss, the Ministry of Finance, which holds type B investment units, will bear the loss on behalf of the type A investment unit holder, or all investors.
Finally, about managing investors’ investments and managing their investment portfolios. Vayupak Mutual Fund 1 still has Krung Thai Asset Management Public Company Limited and MFC Asset Management Public Company Limited as fund managers.
After getting to know some of these funds. Regarding the impact on the capital market, analysts at Krungsri Securities Public Company Limited gave their view that if we are based on case studies that previously evaluated the positive results of new funds (based on the case of LTF), every 10 billion baht during 2012-2013 with an economic cycle similar to the current one will support the index by 20 points.
Therefore, the positive outlook for SET Group is seen as there will be new money coming in to support it. In addition to the heavyweight stocks in Vayupak Fund 1, which consists of PTT, SCB, TTB, BCP, KTB, AOT, ADVANC, SCC, BDMS, and KBANK if the short-term fundamental picture is included, the interesting stocks are PTT, SCB, BCP, KTB, AOT, and ADVANC.
Meanwhile, analysts at Yuanta Securities (Thailand) Co., Ltd. believe this will help support the Thai stock market index to return to outperforming the MSCI Asia ex Japan Index in the fourth quarter of 2024 after a weak performance of -13% year-to-date.
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