Vayupak Fund makes 33 percent returns from its investments in 10 months

 

 

BANGKOK: -- The Vayupak Mutual Fund has earned 33.2 percent returns or 77,567 million baht from its investments during the first ten months of this year, bringing the Fund’s total assets under its management to 310,773 million baht compared to last year’s 233,206 million baht, said a well-placed source in the Finance Ministry.

 

The five blue-chip stocks that the fund managers of Vayupak Fund invested as of October are: PTT, 46.6 percent of total investments; SCB or Siam Commercial Bank, 37.42 percent; Krung Thai Bank, 3.06 percent; Thai Airways International, 2.50 percent and Bangchak Petroleum, 2.09 percent.

 

The source said that Vayupak Fund expected its investment returns for the rest of the year would continue to grow despite the fact that the Thai bourse was affected with negative impacts from domestic and external factors.

 

The source said the high investment returns were attributable to the strong fundamentals of the stocks that the fund had invested in and the efficiency of its fund managers to make adjustments to the proportion of the investments in different stocks in correspondence with the fluctuation of the situation.

 

Full story: http://englishnews.thaipbs.or.th/vayupak-fund-makes-33-percent-returns-from-its-investments-in-10-months/

 

-- © Copyright Thai PBS 2016-11-18

A blatant plug for Krung Thai Asset Management.  No doubt people will just read the 33% headline figure and pile in, only to be disappointed.

 

The performance is almost entirely driven by a single company, PTT, whose shares are up 38.5% YTD (excluding any income).  In fact, you'd have been better off just buying PTT.

Take your profits now

That's very suspicious. Better call in the auditors. Usually you only see returns like that in the early days of a Ponzi scheme, when they're still bringing new suckers in. Even Bernie Madoff only gave his customers about 10% return while it lasted. That's about the most a very, very lucky asset manager could manage to bring off, and that not every year.

1 hour ago, Acharn said:

That's very suspicious.

 

Uh, not it's not suspicious.  If you read the first post, the fund invests 46.6% of total investments PTT.  PTT has done very well this year, based upon an increase in oil price.

 

Not the slightest hint of a Ponzi scheme.  The returns are completely explainable.

On 11/18/2016 at 8:11 PM, Oxx said:

 

Uh, not it's not suspicious.  If you read the first post, the fund invests 46.6% of total investments PTT.  PTT has done very well this year, based upon an increase in oil price.

 

Not the slightest hint of a Ponzi scheme.  The returns are completely explainable.

Increase in oil price? What oil price are you looking at? For most of the year world oil prices have been very depressed, small extraction companies all over the world are going out of business because the prices are so low. I've seen some remarks that prices have edged up over the last few months, only to go back down. I don't know where to look for investor's returns from PTT, but I don't think they've been paying dividends of 35% or more (since the other 53.6% of their investments couldn't have been getting anything like that much). Your statement is interesting, but I would like to verify that PTT is giving returns like that. I would have though that would have been all over the financial press. They'd be raking the investments in.

On 11/18/2016 at 10:42 AM, Oxx said:

A blatant plug for Krung Thai Asset Management.  No doubt people will just read the 33% headline figure and pile in, only to be disappointed.

 

The performance is almost entirely driven by a single company, PTT, whose shares are up 38.5% YTD (excluding any income).  In fact, you'd have been better off just buying PTT.

 

PTT was exactly 10 months ago (18 January) 198 Baht, while Friday it was 344 Baht, so that is much more than 38.5% gain.

 

It looks as if the other shares in the fund have performed very poorly over the same period.

 

Should be an notification of advertisement at the top of the thread.

 

By the way, to invest in a fund that has 84% of it's portfolio in just 2 companies, is the dumbest decision you could make.

 

https://www.bloomberg.com/quote/PTT:TB

Edited November 19, 20169 yr by Anthony5

They have less then 10 million usd under their management.. must have a lot of experience now then.

9 minutes ago, wow64 said:

They have less then 10 million usd under their management.. must have a lot of experience now then.

The fund is just under 10 Billion usd. You missed 3 digits there...

16 hours ago, Acharn said:

Increase in oil price? What oil price are you looking at?

 

I can only presume that you've ignored the fact that oil prices are usually quoted in USD.  What matters here is the THB price.

No frigging way it's 33% return.

12 minutes ago, jerojero said:

No frigging way it's 33% return.

 

Have you actually bothered reading the previous postings?

 

Fund invests 47% in PTT.  

 

PTT is up 50% year to date.

 

Of course it's a 33% return.

On 11/20/2016 at 1:32 PM, Oxx said:

 

I can only presume that you've ignored the fact that oil prices are usually quoted in USD.  What matters here is the THB price.

 

I still don't get it. Granted, I don't buy gas or diesel any more (I haven't driven for many years) the ratio of the Thai baht to the US dollar has been pretty stable for the last three years or so. Last year it was around ฿35.5 = $1.00, this year it's about ฿34.5 = $1.00. Has there been a huge increase in the Thai retail price of petroleum over the last couple of years? There's a world market. Everybody pays the same price, which has been low for the last couple of years. Has PTT been getting a huge windfall by not lowering their retail prices? I would have expected to hear loud complaints if that was the case.