SCB CIO is ready to support government measures stimulating the Thai capital market Amending criteria to increase the investment limit for ThaiESG funds to no more than 30% of assessable income and no more than 300,000 baht, reducing the investment period to only 5 years from the date of investment, ready to withdraw 6 funds, 3 formats, 2 options, including SCBTM(ThaiESG), SCBTM(ThaiESGA), SCBTA(ThaiESG), SCBTA(ThaiESGA), SCBTP(ThaiESG) and SCBTP(ThaiESGA), are savings options that have passed the careful selection of investors to achieve their goals. Client Needs We recommend assembling Thai stocks into the core portfolio of 5 key factors supporting the Thai stock index this year, including 1) Government budget spending accelerates in 2024. It is likely to continue to increase 2) Thai stock market valuation remains at level Reasonable 3) The performance of listed companies in 2024 is expected to expand by approximately 14% 4) The value of the baht is likely to increase if the Fed lowers interest rates and 5) Announcing bullish base measures or allowing short selling of stocks only at higher prices From the market price.
Mr. Sornchai Sunita, Deputy Director General of CFA Institute Head of Investment and Product Office, Wealth Business Group, Siam Commercial Bank, revealed that the CIO of SCB is ready to support measures to encourage savings and investment. After 3 bodies including the Ministry of Finance, the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) summarized the guidelines and are ready to submit them to the Cabinet (Cabinet) within two weeks on amending the terms of Thai Sustainability Mutual Funds (Thailand ESG Fund: ThaiESG) by CIO CIO sees that expanding the investment limit from no more than 30% of assessable income for purchases not exceeding 100,000 baht to no more than 300,000 baht and reducing the holding period from 8 years to 5 years from the date of investment. It will help attract more investment capital to the Thai stock market. From a group of investors who want to get tax benefits and invest for long-term savings, especially the new generation of investors. A group of people with regular income including self-employed who want to create discipline in saving for future goals Choose investment according to the risk you can accept.
In addition, expanding investment policy to include governance enhances transparency. From the beginning, the focus has been on the environment. (Environment) which will increase the coverage of the number of companies listed on SET and Mai from 128 companies to 200 companies. SCB CIO believes that investing in Thai stocks through ThaiESG will cover all dimensions of ESG and will enjoy more diversity in investment choice. This is an opportunity to create more good returns for investors. And create good confidence for investors because the investment conditions of various companies must meet the standards set by the Securities and Exchange Commission. hiring
SCB CIO recommends that investors consider investing in the Thai stock market in your basic portfolio, which is a long-term investment portfolio. We see that the Thai stock market index has 5 long-term supportive factors that support the Thai stock index, which are: 1) The government. The disbursement of the 2024 budget has accelerated by about 39%. % in early June 2024 and is likely to continue to increase. Help support the expansion of the Thai economy in the coming period 2) The valuation of the Thai stock market remains at a reasonable level. Close to the COVID-19 period 3) Operating results of listed companies in 2024 are expected to expand by approximately 14% compared to the same period last year 4) The value of the baht is likely to strengthen in the second half of 2024 after the US Federal Reserve By reducing the interest rate. It will help support the flow of more capital back into Thailand and 5) Announcing the start of the rally rule procedure or allowing short selling of shares only at prices above the last market price (rise) from July 1 onwards, which is expected to help Reduce market volatility. Because it is difficult to conduct short sale transactions during a declining market.
For investors interested in long-term investing and willing to receive tax benefits through a ThaiESG mutual fund, SCB Bank currently has 3 carefully selected ThaiESG funds to choose from. Responding to client needs in each form, there are two options: Dividend and Value Accumulation, including SCBTM (ThaiESG) and SCBTM (ThaiESGA) funds that invest in a mix of Thai equities and environmental, social and governance (ESG) debt instruments and SCBTA (ThaiESGA) funds that invest in… Thai Stocks with Proactive Management Strategies SCBTP (ThaiESG) and SCBTP (ThaiESGA) funds invest in Thai ESG stocks with returns based on the SET ESG Index, including most options on the market, with a total of 6 funds, which investors can access. Choose what is appropriate. The goals each person has set, including the risks they can accept
warning
- Investments are risky. Investors should understand the product's characteristics, conditions, returns and risks before deciding to invest.
- This mutual fund has specific characteristics and risks. Investors must understand the characteristics of the product. Conditions of returns and risks before making the decision to invest. And study the tax benefits specified in the investment guide. In the event of non-compliance with the tax conditions, they will not receive benefits according to the terms of the fund, and they must also invest in mutual funds that suit their investment objectives and are able to accept the risks that may arise from the investment.
- Additional information about the Master Funds and Mutual Fund Prospectus can be found from the website of SCB Asset Management Company Limited. For further details, please contact the SCB Call Center at 02-777-7777.