Post by Fletchsmile on Sept 20, 2019 12:47:46 GMT 7
One Asset management have had some decent funds for quite a few years which figure among top performers for Thai equity funds. Several have also consistently outperformed the SET TRI and SET50 TRI
The webiste doesn't seem to have much English, but translating via google helps navigate quickly. Their online system has English for buying/selling etc.
One of the advantages they have is that their fund charges are often lower/more reasonable than other fund management houses. In recent years where Thai equity returns have been slimmer charges have become more important. In years where markets are roaring with large movements, then outperformance seems more common as stock picking and strategies come in. But when market returns are meagre and more most charges add up.
A couple of Thai equity funds that caught my eye:
1 AM 50 50 Open-ended Fund for general investors 1 AMSET50-RA
- outperformed the SET50 TRI over longer periods of 5yr and 10 year and since inception
- management fee is only 0.52% p.a. which is among the cheapest funds in Thailand and certainly for Thai equities. By comparison the largest and most liquid ETF traded on SET is TDEX which charges 0.4%
- register and trustee fees would bring that 0.52% up to 0.65%
One Equity Fund (Corporate 14) Dividends For general investors ONE-EC14-RD
- outperformed the SET50 TRI over longer periods of 5yr and 10 year and since inception
- management fees of 1.24% are reasonable compared to many other active Thai equity funds (about 1.4% p.a. if include register and trustee)
- while more expensive than 1AMSET50-RA it has still outperformed it over the last 5 years, although slightly worse over 10 years. (Morning Star for some reason doesn't show a 10 year performance for ONE-EC14-RD, though One AM website does)
- is a dividend paying fund for those seeking dividends
Both funds are worth a look if interested in Thai equities. For me I would prefer 1AMSET50-RA as I don't need a div paying fund, and the 10 year performance, and lower charges edge it. For my wife less sure, as I would like a div paying fund for her.
Both are available direct from OneAM. Tisco Bank also have both in their offerings
A third fund of interest is, for someone seeking dividends, like me wife is:
One AM Fund 50 Dividend Fund Investment Unit For individuals and juristic persons 1 AMSET50-ID
- It's recently launached so no long term performance
- Seems to be run along the lines of 1 AMSET50-RA
- Mgt fees of 0.52% are same as 1 AMSET50-RA
- is a dividend paying fund for those seeking dividends
- Being new it isn't available thru all providers, eg Tisco Bank don't yet have it in their range
So while it has the disadvantage of no track record, being new. Fees are lower than ONE-EC14-RD if seeking a div paying fund. Being a new fund, dividends may also be erratic in earlier years because of Thai regulations of not being able to pay out a dividend if there are no retined profits.
[Edit: just noticed this fund has a minimum THB 5m initial purchase, and thereafter minimum orders of THB 1mn. Perhaps because it's also aimed at juristic persons. The other 2 funds have much smaller limits]
