SCB Asset Management Company

Fund Code

SCBSEA

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB SELECTS EQUITY FUND (Accumulation)

Investment policy

Investments in the stock market will average investment per accounting year at least 80% of the fund’s net asset value. Focus will be on companies listed on the Stock Exchange of Thailand, amounting to no more than 30 fundamentally solid companies to generate consistent returns for investors. The fund may invest in derivatives or Structured Notes to enhance the management of the portfolio itself (Efficient Portfolio Management) at the discretion of the fund manager. 

Risk level

6 (High)

Dividend Policy

No

Fund Code

SCBBANKINGA

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB SET BANKING SECTOR INDEX FUND (Accumulation)

Investment policy

The fund will invest in equities listed on the Stock Exchange of Thailand which are constituents of the SET’s Banking Sector Index at an average weighting of at least 80% of the fund’s net asset value over the fiscal year. This will enable the fund to track the movement of the SET’s Banking Sector.

Risk level

7 (High)

Dividend Policy

No

Fund Code

SCBMSE

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB Mid/Small Cap Equity Fund (Accumulation)

Investment policy

Investments in the stock market / Market for Alternative Investment (MAI) will average net exposure for the accounting year at least 80% of the fund’s net asset value. Emphasis is on stocks of companies listed on the MAI that have solid fundamentals and high growth prospects. The fund may also consider investing derivatives for the purpose of hedging investment risks. The fund may invest in derivatives or Structured Notes to enhance the management of the portfolio itself (Efficient Portfolio Management) at the discretion of the fund manager. 

Risk level

6 (High)

Dividend Policy

No

Fund Code

SCBGINA

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB Global Income Fund (Accumulation)

Investment policy

The Fund has a policy in diversification of its investment in local and/or foreign equity instrument and/or debt instrument and/or hybrid instruments and/or bank deposit and/or investment unit of funds; such as CIS units, investment units of property funds or infrastructure funds, and/or ETF, as well as other securities and assets or seeking returns by other method as specified or approved by the SEC. In this regard, the Fund may adjust its investment ratio ranging from 0% to 100% of its NAV, which shall be subject to the fund manager’s discretion and as deemed appropriate to a current situation of investment. Additionally, the Fund may invest in or hold derivatives for a purpose of efficient portfolio management in order to create more returns from investment and/or minimise cost of the Fund. The Fund may also invest in or hold a structured note, non-investment grade debt instrument, unrated debt securities and unlisted securities; and may engage in securities lending transactions and reverse repo transactions in accordance with the regulations as prescribed by the SEC.For the foreign investment, the Fund may invest in derivatives for a purpose of hedging to prevent currency exchange risks, as deemed appropriate to a current situation of investment, which shall be subject to the discretion of fund manager. The fund will be invest in 2 master funds are Deutsche Invest I  Multi Opportunities"RDMH"(USD) and Deutsche Invest I  Multi Opportunities"RC"(EURO) which managed by Deutshe Asset Management.

Risk level

5 (Medium to High)

Dividend Policy

No

Fund Code

SCBWINA

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB World Income Fund (Accumulation)

Investment policy

The fund has a policy in diversification of its investment in equity instruments and/or debt instruments and/or hybrid instruments and/or bank deposit and/or investment unit of funds; such as CIS units, investment units of property funds or infrastructure funds and/or ETF as well as other securities and assets or seeking returns by other methods as specified or approved by the SEC. In this regard, the fund may adjust its investment ratio ranging from 0% to 100% of the fund’s NAV, which shall be subject to the fund manager’s discretion and as deemed appropriate to a current situation of investment that resulting in having a net exposure relating to foreign risks for the accounting year not less than an average of 80% of the fund’s NAV. Additionally, the fund may invest in or hold derivatives for a purpose of efficient portfolio management in order to create more returns from investment and/or minimise cost of the fund and may invest in derivatives for risk management. The fund may also invest in or hold a structured note, non-investment grade debt instruments, unrated debt instruments and unlisted securities; and may engage in securities lending transactions and reverse repo transactions in accordance with the regulations as prescribed by the SEC. For the foreign investment, the fund may invest in derivatives for a purpose of hedging to prevent currency exchange risks, as deemed appropriate to a current situation of investment, which shall be subject to the discretion of the fund manager. The fund will be invest in master fund name; BGF Global Multi-Asset Income Fund Class"I2" (USD), which managed by BlackRock Asset Management.

Risk level

5 (Medium to High)

Dividend Policy

No

Fund Code

SCBAPLUSA

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB Asia Pacific Income Plus Fund (Not for Retail Investors) (Accumulation)

Investment policy

The Fund has a policy to focus on investment in only one foreign mutual fund (Feeder Fund), such as JPMorgan Funds Asia Pacific Fund (Master Fund) C(mth) USD unit class invested in USD. The Master Fund will be managed by JPMorgan Asset Management (Europe) S.à r.l. registered under the laws of Luxemburg and operated under UCITS. The Master Fund has its investment objective to generate returns and growth of fund in long term. The Fund’s asset of at least 67% (except cash and cash equivalent instrument) will be invested in securities type of equity instruments, debt instruments, convertible securities and Real Estate Investment Trusts (REITs), all of which the issuers are companies located or incorporated mainly in Asia Pacific region or the government or any organizations of countries in Asia Pacific region (except Japan). This Fund has an average net exposure in investment units of the foreign mutual fund of the accounting year at or more than 80 % of the Fund Net Assets Value (NAV). Also, the Fund’s investment results in having an average net exposure relates to foreign risks for the accounting year at or more than 80% of the Fund’s NAV. The master fund may hedge the risk from the exchange rate according to the appropriateness and situation of each period of time as deemed appropriate by the Fund’s Manager and the Fund may invest in the Derivatives for Efficient Portfolio Management (EPM) and/or hedging aim to gain higher benefit and/or decrease expense of the Fund. The Fund may invest in derivatives for hedging against investment risks, such as swap contracts and/or forward contracts referred to an exchange rate as announced, imposed, or approved by the Office of the SEC. The Fund may invest in the Derivatives for hedging the risk from the exchange rate according to the appropriateness and situation of each period of time as deemed appropriate by the Fund’s Manager. In this connection, the Fund’s Manager will consider the relevant factors. The minimum net subscription for first-time investment or fund switching is set at 550,000 baht.

Risk level

5 (Medium to High)

Dividend Policy

No

Fund Code

SCBROBOA

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB Global Robotics Fund (Accumulation)

Investment policy

The fund has a policy investment in equity instruments and/or debt instruments and/or hybrid instruments and/or bank deposit and/or investment unit of funds in foreign countries ; such as CIS units, investment units of property funds or infrastructure funds and/or ETF as well as other securities and assets or seeking returns by other methods as specified or approved by the SEC. In this regard, the fund may adjust its investment ratio ranging from 0% to 100% of the fund’s NAV, which shall be subject to the fund manager’s discretion and as deemed appropriate to a current situation of investment that resulting in having a net exposure relating to foreign risks for the accounting year not less than an average of 80% of the fund’s NAV. The fund shall invest in instruments and / or securities that are relevant to the robotics or automation technology for an accounting year not less than an average of 80% of the fund’s NAV. For the foreign investment, the fund may invest in derivatives for a purpose of hedging to prevent currency exchange risks, as deemed appropriate to a current situation of investment, which shall be subject to the discretion of the fund manager. 

Risk level

6 (High)

Dividend Policy

No

Fund Code

SCBPOPA

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB Global Sustainable Population Trend Fund (Accumulation)

Investment policy

The Fund has a policy investment in equity instruments and/or debt instruments and/or hybrid instruments and/or bank deposit and/or investment unit of funds in foreign countries ; such as CIS units, investment units of property funds or infrastructure funds and/or ETF, The Fund shall invests in instruments and/or securities of companies whose growth is benefitting from demographic thematic trends by considering the businesses’ revenue generation and ability to sustain superior earnings growth. The key demographic trends include the growth of ageing population, the growth of middle class and the population growth. The fund will focus on investing in corresponding instruments and/or securities, for example, an elderly care and retirement-related business for ageing population, wealth creation and change of lifestyle and consumption behavior in the middle class, and an increasing demand for consumption resulting from the evergrowing population etc. for an accounting year not less than an average of 80% of the Fund’s NAV and in having a net exposure relating to foreign risks for the accounting year not less than an average of 80% of the Fund’s NAV. For the foreign investment, the Fund may invest in derivatives for a purpose of hedging to prevent currency exchange risks, as deemed appropriate to a current situation of investment, which shall be subject to the discretion of fund manager. The fund will be invest in master fund name; Fidelity Funds - Sustainable Demographics Fund, class Y-ACC USD, which managed by Fidelity International.

Risk level

6 (High)

Dividend Policy

No

Fund Code

SCBGSIF

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB GLOBAL STRATEGIC INVESTMENT FUND (Accumulation)

Investment policy

SCBGSIF has policy of investment in only one foreign mutual fund (Feeder Fund),an average net exposure for the accounting period at or more than 80% of the Fund's NAV, is PIMCO Global Investment Grade Credit(Institutional share class) (“Master Fund”). The master fund managed under the supervision of PIMCO Global Advisors (Ireland) Limited. The investment policy of the Master Fund is to invest at least 2 out of 3 of the whole assets in debt instrument of private sector whose its credit rating of the instrument or the issuer of instrument is at Investment Grade. Each issuer of issuer must be the company having its branch offices or must operate its business in at least 3 countries.  Moreover, it may invest in the registered instrument or its trading is in the Regulated Market of not exceeding 90% of the total assets. This Fund has an average net exposure in investment units of the foreign mutual fund of the accounting year at or more than 80 % of the Fund Net Assets Value (NAV). Also, the Fund’s investment results in having an average net exposure relates to foreign risks for the accounting year at or more than 80% of the Fund’s NAV.

Risk level

6 (High)

Dividend Policy

No

Fund Code

SCBOPPA

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB Credit Opportunities Fund (Accumulation)

Investment policy

The Fund has the policy to focus on the investment in foreign mutual fund “ GAM Star Credit Opportunities (USD)” Institutional USD Accumulation shares class. The Master fund managed by GAM Fund Management Limited. Domicile in Ireland and under UCITS. The investment objective of the Fund is to achieve long-term capital gain in US dollars. It will be the policy of the Fund to seek to achieve its investment objective through investment principally in income bearing or accruing securities with fixed principal amounts including government bonds, corporate bonds, junior debt securities, preferred shares, convertible securities and contingent capital notes. The securities in which the Fund will invest will include both fixed interest and floating interest instruments, may have dated or undated maturities and need not be of investment grade as defined by Standard & Poor’s or an equivalent rating agency. The Fund may also invest in securities described above which have not sought a credit rating from an international credit rating agency. It is expected that the Fund will invest at least 40% of net assets in securities which are considered by Standard & Poor’s or an equivalent rating agency to be of investment grade, or in the case of unrated securities, securities which in the opinion of the fund manager are equivalent to securities which are considered by Standard & Poor’s or an equivalent rating agency to be of investment grade.

Risk level

5 (Medium to High)

Dividend Policy

No

Fund Code

SCBAEMHA

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB ASIAN EMERGING MARKETS THB HEDGED (Accumulation)

Investment policy

The Fund has the policy to focus on the investment in foreign mutual fund “BGF Asian Growth Leaders Fund” D2 USD shares class, domicile in Luxembourg and under UCITS. The master fund managed by BlackRock Global Funds. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their activity in Asia, excluding Japan. The Fund places particular emphasis on sectors and companies that, in the opinion of the Investment Adviser, exhibit growth investment characteristics. This Fund has an average net exposure in investment units of the foreign mutual fund of an accounting year at or more than 80 % of the net asset value (NAV) of the Fund. Also, the Fund’s investment results in having an average net exposure relates to foreign risks for the accounting year at or more than 80% of the Fund’s NAV. The Fund will enter into the Derivatives with an aim to hedge the risk (“Hedging”) from the exchange rate in securities or properties in foreign currency held by the Fund in any period of time of not less than 90% of the properties invested in foreign country. 

Risk level

6 (High)

Dividend Policy

No

Fund Code

SCBEUSM

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB EUROPEAN SMALL CAP EQUITY FUND

Investment policy

SCBEUSM has the policy to focus on the investment in only one foreign mutual fund (“Feeder Fund”),an average net exposure for the accounting period at or more than 80% of the Fund's NAV, is European Smaller Companies Fund (“Master Fund”) ( share class) D accumulating Euro  currency. The master fund managed by Standard Life Investments. The investment objective of the master fund is to achieve long-term growth in the share price through capital appreciation of the underlying portfolio. It will achieve this objective primarily through investment in small cap European equities and equity related securities of corporations domiciled or listed in European countries (which include the UK and the emerging markets of Europe) or companies that derive a significant proportion of their revenues or profits from European operations or have a significant proportion of their assets there.

Risk level

6 (High)

Dividend Policy

No

Fund Code

SCBDIGI

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB GLOBAL DIGITAL FUND

Investment policy

SCBDIGI has the policy to focus on the investment in only one foreign mutual fund (“Feeder Fund”) is PICTET-Digital Communication Fund (“Master Fund”) I USD shares class. The master fund managed by PICTET Asset Management. The investment policy of the master fund aims to achieve capital growth by investing at least two-thirds of its total assets/total wealth in equities or any other similar securities issued by companies using digital technology to offer interactive services and/or products related to interactive services in the communications sector. This Fund has an average net exposure in investment units of the foreign mutual fund of the accounting year at or more than 80 % of the Fund Net Assets Value (NAV). Also, the Fund’s investment results in having an average net exposure relates to foreign risks for the accounting year at or more than 80% of the Fund’s NAV. 

Risk level

6 (High)

Dividend Policy

No

Fund Code

SCBLEQA

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB LOW VOLATILITY EQUITY FUND (Accumulation)

Investment policy

SCBLEQ has the policy to focus on the investment in only one foreign mutual fund (“Feeder Fund”) i.e Low Volatility Equity Portfolio (“Master Fund”) I USD shares class, domicile in Luxembourg and under UCITS. The main investment objective of the fund is seeking to achieve the Portfolio's objective the Investment Manager seeks to identify equity securities that it believes have fundamentally lower volatility and less downside risks in the future. The Investment Manager uses its proprietary risk and return models as well as its judgment and experience in managing investment portfolios to construct a portfolio that seeks to minimize volatility while maximizing quality exposure. The Portfolio will predominantly invest in equity securities of companies in developed markets, however the Portfolio is not restricted from purchasing equity securities in any country, including emerging markets.This Fund has an average net exposure in investment units of the foreign mutual fund of the accounting year at or more than 80 % of the Fund Net Assets Value (NAV). Also, the Fund’s investment results in having an average net exposure relates to foreign risks for the accounting year at or more than 80% of the Fund’s NAV.

Risk level

6 (High)

Dividend Policy

No

Fund Code

SCBGEQA

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB GLOBAL EQUITY FUND (Accumulation)

Investment policy

The Fund has policy to focus on investment in the investment units of only foreign mutual fund (Feeder Fund) i.e. in the investment units of “Veritas Global Focus Fund” (“Master Fund”) in category of “C share class” invested in USD which is established in accordance with the law of Ireland and under UCITS, the Fund is under the management of Veritas Asset Management. The Fund has the policy to invest in equities, irrespective of specific geographical location listed or traded on Recognised Exchanges throughout the world. This Fund has an average net exposure in investment units of the foreign mutual fund of the accounting year at or more than 80 % of the Fund Net Assets Value (NAV). Also, the Fund’s investment results in having an average net exposure relates to foreign risks for the accounting year at or more than 80% of the Fund’s NAV. Additionally, the Fund will invest or acquire the Futures Contract to hedge the risk of exchange rate of securities or property in foreign currency held by the Fund compared with Baht currency at a period of time of not less than 90% of the asset value invested in foreign country.

Risk level

6 (High)

Dividend Policy

No

Fund Code

SCBFINA

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB Global Fixed Income Fund (Accumulation)

Investment policy

The Fund has the policy to focus on the investment in foreign mutual fund “Nomura Global Dynamic Bond Fund” (Class I) USD shares class. The Master fund managed by Nomura Asset Management U.K. Limited. Domicile in Ireland and under UCITS. The investment objective of the Master fund aims to increase a total return. This Fund has an average net exposure in investment units of the foreign mutual fund of the accounting year at or more than 80 % of the net asset value (NAV) of the Fund. Also, the Fund’s investment results in having an average net exposure relates to foreign risks for the accounting year at or more than 80% of the Fund’s NAV. Additional, the Fund may also invest in or hold a structured note, non-investment grade debt instruments, unrated debt instruments and unlisted securities; and may engage in securities lending transactions and reverse repo transactions in accordance with the regulations as prescribed by the SEC.

Risk level

5 (Medium to High)

Dividend Policy

No

Fund Code

SCBGOLDH

Fund Summary

Semi Annual Report

Annual Report

Fund name

SCB GOLD THB HEDGED OPEN END FUND (Accumulation)

Investment policy

Core investment in the investment units of the foreign mutual fund namely “SPDR Gold Trust” listed in Singapore, the average investment in an accounting year in such foreign fund will be of not less than 80% of the fund’s net asset value. Additionally, the Fund will invest or acquire the Futures Contract to hedge the risk of exchange rate of securities or property in foreign currency held by the Fund compared with Baht currency at a period of time of not less than 90% of the asset value invested in foreign country.

Risk level

8 (Very High)

Dividend Policy

No