Krungsri Asset Management Co., Ltd. ("management company") would like to notify unitholders regarding amendments to the fund project of the Krungsri Enhanced SET50 Fund (KFENSET50), Krungsri Happy Life Fund (KFHAPPY) and Krungsri Asian Equity Hedged FX Fund (KFHASIA). These proposed amendments have already been approved by the Office of the S.E.C. whereby these investment units may now also be offered together with life assurance policies (“unit linked”). This increases the investment services offered to unitholders. The essentials of the amendments are as follows:
Subscriptions, redemptions and switching of investment units for unitholders who acquires a unit linked.
(1) An investor who intends to acquire a unit linked may subscribe to this fund in conjunction with their life assurance policy. Simply contact your life assurance company or an agent of the life assurance company. Acquiring a unit linked may be subjected to specific terms and conditions that differ from a straightforward subscription of investment units on its own.
(2) The life assurance company is obligated to deliver the redemption amount to customers within 5 business days following the date of the calculation of net asset value, net asset value per share, and unit price. Proceeds from redemptions will be paid according to the methods prescribed by the life assurance company as described in the unit linked.
(3) In addition to normal redemptions, the life assurance company may set an automatic redemption feature by instructing that redemptions take place every month to obtain funds to cover various costs such as life assurance coverage, operating expenses, and administration of the life assurance plan. These costs may be lower than estimates stated in the project.
(4) Potential customers who intend to purchase unit linked are advised to review the details of the unit linked plan including all sales documents related to the plan before subscribing.
The aforementioned amendments to the fund projects will be effective 17 September 2018 onwards.
Should you have any queries or require any further information, please contact your account manager or our Client Service at 02-657-5757 press 2 or via email at krungsriasset.clientservice@krungsri.com.
Please be informed accordingly.