Krungsri Asset Management is offering Krungsri NDQ Index Fund (KFNDQ) providing investors with an opportunity to invest in the Nasdaq 100 Index along with the growth potential in this era of technologies and innovations.
IPO: Now until 28 Aug. 2023. | Minimum requirement for investment is 500 Baht (KFNDQ-A).
Mrs. Supaporn Leenabanchong, Managing Director of Krungsri Asset Management Company Limited (Krungsri Asset Management), revealed, “
The technology stocks tend to be bolstered by market expectation that the US Fed is likely to cut interest rates next year,
which will make investing in constituent stocks of the Nasdaq 100 Index attractive to global investors as it represents an investment in 100 largest companies in the index, approximately half of which are in the technology and innovation sector. The index has become the home for most recognizable big tech companies such as Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla.”
"Krungsri Asset Management views
that this is the good investment opportunity for generating favorable return in the future from the potential for continued growth of these companies; hence, we offer the investment units of KFNDQ which is managed by world-class fund managers with a policy to invest through Invesco NASDAQ 100 ETF, the Master Fund, which aims to track the performance of the Nasdaq 100 Index. The Master Fund has a well-diversified portfolio comprising mainly technology stocks. The top ten stocks are big tech stocks that generate positive returns this year. They have the possibility of upward revision of their revenue projection and are likely to grow higher than the overall market. Furthermore, the Fund applies a passive investment strategy highlighting the features of high liquidity and low fees which is suitable either for catching short-term investment opportunities or for long-term investment so as to achieve return corresponding to the Nasdaq 100 Index.”
“
Global tech companies that make up the majority of the Nasdaq 100 Index have consistent positive performance and favorable long-run growth potential in the light of ongoing innovation development. The research and development spending of constituent companies in the Nasdaq 100 Index is almost two times higher than those in the S&P500 Index and accounts for approximately 10.1% of total sales. Deployment of these innovations certainly lead to high investment opportunities and profitability. An obvious example is ChatGPT of OpenAI, which has become the world’s fastest growing app that managed to reach 100 million users in just two months. It is forecast that the global market value of AI will grow at a compound annual growth rate (CAGR) of 19% by the year 2026.
Over the past decade, constituent companies in the Nasdaq-100 Index were able to generate higher growth in terms of revenues, net earnings, and dividend yields than other US equity indices. (Sources: Bloomberg L.P. and Invesco, based on the historical data from 31 Dec. 2012 to 31 Mar. 2023.)”
“Krungsri Asset Management is confident that investing in KFNDQ is an attractive alternative that enables investors to have an access to leading global tech companies with solid fundaments and strong growth potential,” Mrs. Supaporn concluded.
More info of the fund, click here.
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Investors are advised to carefully study the fund features, conditions of returns, and risks before making investment decision. | Past performance is not a guarantee of future results. | KFNDQ is hedged against foreign exchange risk at the discretion of the fund manager and is therefore subject to exchange rate risk which may cause investors to lose money or gain on foreign exchange / or receive lower return than the amount initially invested.
KFNDQ invests on average no less than 80% of its NAV during an accounting year in a foreign mutual fund named Invesco NASDAQ 100 ETF (the Master Fund) | Risk Level is 6: High Risk.