Vayupak fund - any opinions?

[Lorry]

This fund was recommended to me very long time ago, but I didn't follow up.

It's in the Bangkok post today.

Does  any of the more experienced members have an opinion about it?

[Foxx]

2.03% annualised over the past 10 years.  Hardly earth-shattering.

 

https://www.ktam.co.th/mutual-fund-detail-performance.aspx?IdF=3

 

On the plus side it provides instant diversification, investing in bonds, property and general equities.  And with most of the investments being in Thailand, there's little foreign exchange risk.

 

Not sure if foreigners can buy at the IPO next week.

[oceanbluejewell]

VAYUPAK FUND 1 CLASS A symbol VAYU1
 

If a brokerage reserved shares on you behalf you would have been able to buy. Generally this process is to help the asset manager https://www.ktam.co.th/search.aspx?q=vayu1&btnSubmit=&form_submit=SUBMIT determine interest in the market.

 

The "Fund" will have two(2) classes of shares A/B and despite my research can not determine what the defined definition or difference will be. I suspect the fee and/or voting rights but can not confirm.

The prospectus and fact sheets are still in Thai language but primarily the government backed fund is designed to invest in SET 100 https://www.set.or.th/en/market/information/securities-list/constituents-list-set50-set100 and other infrastructure and top rated ESG companies. Link here as it pdf document: https://www.set.or.th/en/market/news-and-alert/newsdetails?id=84240400&symbol=SET click the download document in right upper corner.

 

The SEC.TH filing documents are here: https://market.sec.or.th/public/mrap/MRAPView.aspx?FTYPE=M&PID=0681&PYR=2546&lang=en

 

The prospectus in Thai can be found here: https://www.ktam.co.th/search.aspx?q=vayu1&btnSubmit=&form_submit=SUBMIT scroll down to the pdf documents.

 

Stated goal of the fund:

1.Invest in liquid securities such as government bonds and short-term debt instruments.2.Invest in active and/or passive securities, focusing primarily on securities listed on SET, including SET100 equities, infrastructure funds, real estate investment trusts, and non-SET100 equities with the top two highest ESG ratings (such as AA rating or higher).3.Invest in other securities not exceeding 10% of the Net Asset Value (NAV), such as unlisted securities, non-investment grade debt instruments, gold, and crude oil.

 

Dividend Policy

Dividend payment shall be made at least twice a year only in the event that VAYU1 has net profit and/or retained earnings and/or unrealized gain from investments (hereinafter collectively referred to as the "profit of the Fund") and/or dividend provision. The dividend shall be paid according to the actual rate of return of VAYU1 but not less than the minimum rate of return at 3.0% per annum and not exceeding the maximum rate of return at 9.0% per annum, which is set at a fixed rate for 10 years. The asset management company will calculate the dividend for the Class A Unitholders by multiplying such rate of return by par value of the Class A Units.

 

Liquidity

							thinly traded

								https://www.set.or.th/en/market/product/stock/quote/VAYU1/historical-trading   Like all things new a pinch of caution is always advisable. .I am not an investment professional; consult your professional investment advisor and/or legal counsel and/or professional accountant before making any investment decision. While all reasonable effort is made to ensure the accuracy of information and data contained herein, accuracy cannot be guaranteed. Past performance is not a good predictor of future performance. Results are not guaranteed and I assume no liability whatsoever for any material losses that may occur. No compensation for suggesting particular securities or financial advisors is solicited or accepted. The information in this document is not intended to be educational, nor does it constitute financial advice nor is it a suggestion or recommendation. Investing is risky and may result in substantial losses.~ oceanbluejewell