Triple Power of Equity Funds: KF-US-PLUS/ KFHTECH / KFGDIV

Bank of Ayudhya Public Company Limited (by Krungsri Private Banking), in collaboration with Krungsri Asset Management Company Limited, recently hosted the “Triple Power: US Equities, Global Tech, Dividend Plays” seminar, highlighting 3 standout funds from Krungsri Asset Management that can drive portfolio growth in today’s market conditions: 

• Krungsri US Select Equity Plus Fund (KF-US-PLUS)
• Krungsri Global Technology Equity Fund (KFHTECH)
• Krungsri Global Dividend Equity Fund (KFGDIV)

• Pornchanok Rattanarujikorn, CFA, Vice President, Alternative Investment Department, Krungsri Asset Management 
• Quincy Wang, Vice President, Product Strategist, BlackRock 
• Kiattipoom Thirapatsakun, Senior Sales Manager, Wholesale Distribution, Southeast Asia, Fidelity International
• Rohini Chopra, Vice President, Client Advisor for Southeast Asia Funds, J.P. Morgan Asset Management

• An investment portfolio strategy that blends U.S. equities, global technology stocks, and dividend-generating equities, aiming to strike a balance between growth opportunities and income stability. This approach is well-suited for a market environment that continues to face volatility, uncertainties over U.S. tax policy, and the ripple effects of interest rate cuts on global capital flows.
• Investing in U.S. equities through the master fund, JPMorgan Funds – US Select Equity Plus Fund, KF-US-PLUS stands out as a solid long-term core portfolio option. Managed by J.P. Morgan Asset Management, the fund employs a proprietary 130/30 extension strategy - taking 130% long positions in high-potential growth stocks and 30% short positions in structurally challenged companies. This approach maintains market neutrality while enhancing alpha generation, with volatility levels comparable to the overall market.

• The US Select Equity Plus Fund is managed by a team of veteran portfolio managers and analysts, leveraging J.P. Morgan Asset Management’s 37-year valuation framework and advanced AI tools to guide stock selection. ESG factors are fully integrated into the research process.
• The Fund has consistently outperformed the S&P 500 across multiple time frames, driven by its ability to capture upside in resilient innovators while hedging against structural decline. With over 270 holdings across diverse sectors, the fund offers a balanced yet bold strategy for navigating both rising and volatile market conditions. Moreover, the fund maintains volatility at a level close to that of passive funds, while its Extension Portfolio is strategically structured - taking long positions in leading innovation stocks such as Nvidia and Amazon, and short positions in structurally challenged names like Netflix. This approach helps deliver superior risk-adjusted returns. The blended strategy enables the fund to outperform the benchmark.

• The global tech landscape is undergoing a major transformation, fueled by AI innovation, making investment in tech-focused funds increasingly essential. The AI ecosystem spans foundational models, cloud infrastructure, and applications, with major capex investments from U.S. giants such as Microsoft, Amazon, and Nvidia, as well as rising Chinese players like Alibaba, ByteDance, and DeepSeek. This indicates that not only U.S. tech stocks, but also Chinese tech companies are poised for robust growth, reinforcing the case for diversified exposure across geographies within the tech sector.

• Despite strong performance in 2023 - 2024, tech valuations remain grounded in earnings growth rather than speculative multiples. The sector is undergoing “creative destruction,” where innovation redefines leadership and long-term value.

• The global dividend fund is a Defensive Anchor in volatile markets. With no exposure to high-growth U.S. tech, the fund focuses on quality companies with consistent earnings and strong balance sheets. Instead of chasing the ‘Magnificent 7’, it invests in a reliable universe of 100 stocks that offer attractive valuations, superior quality, and consistent dividends.

• The average dividend yield of the underlying stocks in the Fidelity Funds - Global Dividend Fund currently stands at 3.01%*. The fund has historically shown lower drawdowns compared to the global equity index, highlighting the portfolio’s resilience. Its overweight positions in financials, industrials, and consumer staples, along with a focus on Europe and the UK, reflect a value-oriented strategy.

Source: Fidelity International, data as at 30 Jun 2025. * Portfolio yield is as of 31 July 2025. Past performance is not indicative of future performance. This information relates to the Fidelity Funds - Global Dividend Fund, which the Krungsri Global Dividend Hedged FX Fund feeds into. Fidelity Funds - Global Dividend Fund is not registered with the Securities and Exchange Commission for offering to retail public in Thailand.


Source: Fidelity International, Bloomberg, data as at 31 Dec 2024.

• Investors should understand the fund features, conditions of returns and risks before making an investment decision. Past performance is not a guarantee of future results.
• KF-US-PLUS is hedged against foreign exchange risk at the Fund Manager’s discretion. Hence, it is subject to foreign exchange risk that may cause investors to lose money or gain from foreign exchange fluctuation/ or receive a lower return than the initial investment amount.
• For KFHTECH, since the fund is highly concentrated in specific industry sectors that may result in substantial losses of capital, investors should seek further advice before investing.
• This document is prepared based on the information compiled from various reliable sources as of the date of publication. However, Krungsri Asset Management cannot guarantee the accuracy, reliability, and completeness of all information. The Company reserves the right to change the information without any prior notice.