Bangkok - Manulife Asset Management Thailand (MAMT) has launched its newManulife Strength Equity Fund(MS-EQ VALUE), an open-ended equity fund invested in Thai stocks listed on the Stock Exchange of Thailand (SET).
The new fund, which is available to both institutional and retail investors, is holding its Initial Public Offering from July 23 to August 2, 2007. It will be managed by Mr. Panukorn Chantaraprapab, Equity Director, MAMT and Mr. Sukkawat Prasurtying, Chief Investment Officer, MAMT.
Mr. Alan Kam, Chief Executive Officer of MAMT said: “The Manulife Strength Equity fund will seek out stocks with strong fundamentals that offer a high dividend yield and low beta. It will invest in a well-diversified portfolio of stocks and aims to offer investors solid, consistent returns with lower volatility as well as the opportunity to benefit from MAMT’s active management and investment expertise.”
“MAMT also plans to launch other funds including a fixed income fund, a short-term fixed income fund, and two retirement mutual funds. The retirement mutual funds are aimed at the investors who want to save for their retirement and enjoy tax privileges in accordance with the regulation of the Revenue Department,” added Mr. Kam.
The new fund is the fourth fund to be launched since MAMT’s inception in May 2007. The fund management company, which currently has THB 2,994.95 million in assets under management (as at July 20, 2007), also offers the Manulife Strength China Value FIF (MS-CHINA VALUE), Manulife Strength Core Equity (MS-CORE EQ) and Manulife Strength Core LTF (MS-CORE LTF) funds.
Manulife Strength China Value FIF Fund
This fund is an open-ended feeder fund emphasizing investment in foreign equity fund units, mainly invested in Manulife China Value Fund (Class A) for which past performance is set out below.
Manulife Strength Core Equity and Manulife Strength Core LTF Funds
Manulife Strength Core Equity (MS-CORE EQ) and Manulife Strength Core LTF (MS-CORE LTF) are open-ended funds that invest mainly in the SET50 stocks. Using an active management approach, the fund managers seek to identify undervalued stocks with superior earning growth potential.
Mr Sukkawat Prasurtying – Chief Investment Officer, MAMT
Mr. Sukkawat has more than 15 years of experience in the financial industry where he has held numerous senior positions, including as a fund manager at Tisco Asset Management, a senior fund manager at JF Thanakom Securities (subsequently “JP Morgan Securities”) and Asset Plus Securities. Mr. Sukkawat was one of the pioneering team to set up the Private Fund’s division at Asset Plus Securities. After merging with ABN Asia Securities, Asia Plus Securities become a wholly owned shareholder of Asset Plus Fund Management Co., Ltd. where Sukkawat played a key role in leading the team of five fixed income and equity fund managers as a Senior Fund Manager and the Assistant Managing Director. He is also a Certified Public Accountant (CPA).
Mr. Panukorn Chantaraprapab, Equity Director, MAMT
Mr. Panukorn is the equity fund manager for Manulife Asset Management Thailand responsible for all equity portfolios. He has more than six years of investment management experience. Previously, Panukorn was a fund manager at One Asset Management, managing both mutual funds and private institutional funds. Prior to that, he was a corporate dealer at Kasikorn Bank and an equity analyst at Securities One.
Investors who are interested in MAMT funds can contact MAMT directly at Tel. (66) 0-2246-7650 (press ‘2’ for asset management) or at selling agents including Standard Chartered Bank (Thai) PCL., Deutsche Bank AG, Bangkok and Phatra Securities PCL, KGI (Thailand) Securities PCL, and Merchant Partner Securities Co., Ltd.
About MFC Global Investment Management
MFC Global Investment Management represents the diversified investment management group of Manulife Financial. MFC Global Investment Management companies and affiliates provide asset management strategies for institutional investors, investment funds and individuals in key markets around the world. This investment expertise extends across a full range of asset classes including equity, fixed income and alternative investments such as oil & gas, real estate, timber, farmland, as well as asset allocation strategies.
MFC Global Investment Management has investment offices in the United States, Canada, the United Kingdom, Japan, Hong Kong, and throughout Southeast Asia. As at June 30, 2007, assets managed exceeded Cdn$240 billion (US$210 billion). Additional information about MFC Global Investment Management may be found at www.mfcglobal.com .
MFC Global Investment Management, Manulife and the block design are trademarks of The Manufacturers Life Insurance Company and are used by it and its affiliates including Manulife Financial Corporation.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$426 billion (US$370 billion) as at March 31, 2007.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
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