Krungsri Asset Management Company Limited (“the Management Company”) would like to notify unitholders of the amendments to the mutual fund project of Krungsri Asian Equity Hedged FX Fund (KFHASIA) which have been approved by the Office of the Securities and Exchange Commission. The amendments are made to ensure consistency with the change of information of Vontobel Fund - mtx Sustainable Asian Leaders (ex Japan) which is a foreign fund in which KFHASIA invests (“the Master Fund”). The amendments are summarized as follows:
1. Investment Objective and Policy of the Master Fund :
|The Fund aims to achieve the highest possible capital growth in USD.
The Fund's assets are mainly invested in shares, equity-like transferable securities and participation certificates etc. issued by companies that are based in or conduct the ma-jority of their business activity in Asia (excluding Japan) and that contribute towards sustainable economic activity.
Up to 33% of the Sub-Fund's assets may be invested out-side the aforementioned investment universe.
The Sub-Fund may also hold cash.
|The Fund aims to generate long-term capital growth and seeks to promote environmental or social characteristics by employing a number of safeguards and evaluating all investments against sustainability criteria with hard thresholds required to be met for inclusion. The Fund is categorized as Article 8 SFDR.
The starting investment universe is the Asia (ex Japan) equity markets. “mtx” is the sustainable equities team of the Investment Manager.
While respecting the principle of risk diversification, the Fund's assets are mainly invested in shares, equity-like transferable securities, participation certificates, etc. issued by companies that are based in or conduct the majority of their business activity in Asia (excluding Japan) and that include environmental or social characteristics in their economic activities.
The Fund may invest up to 35% of its assets via Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect in China A-Shares.
Up to 33% of the Fund's assets may be invested outside the aforementioned investment universe. The Fund may also hold cash.
The amendments to the statements relating to the investment objective and policy of the Master Fund as mentioned above do not have any impact and/or increase risk to the Fund.
2. Time Frame for Calculation and Announcement of the Net Asset Value, Unit Value, and Unit Price of KFHASIA :
|Time frame for calculation of the net asset value, unit value, offer price, and redemption price
||T + 1
||T + 2
|Time frame for announcement of the net asset value, unit value, offer price, and redemption price
||T + 2
||T + 3
T = the transaction date of the investment units.
Such amendments aim to prevent profit making through arbitrage which may has an adverse impact on other unitholders. The amendments will take effect from 1 September 2021 onwards.
Besides, pursuant to the amendment of fund project under Item No. 2 above, the Management Company has necessity to change the time frame for payment of the redemption proceeds as follows:
||4 business days after the execution day excluding relevant Master Fund’s holidays (T + 4)
||5 business days after the execution day excluding relevant Master Fund’s holidays (T + 5)
The change of settlement period will take effect from 1 October 2021 onwards. In this regards, the Management Company will not collect the fee for redemption or switching-out of investment units (if any) during 1 – 30 September 2021.
Should you require any further information, please contact your account manager or our Client Service at 02-657-5757 press 7 for English and 2 or via email at firstname.lastname@example.org.
Please be informed accordingly.