- Aberdeen Asset Management
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- Disclosure
- Past Announcements
Disclosure
Past Announcements
Holidays/Suspension dates of Foreign Investment Fund (FIF)
For redemption and switching out of Aberdeen Asia Pacific Equity Fund, Aberdeen World Opportunities Fund, Aberdeen European Growth Fund, Aberdeen Global Emerging Growth Fund, Aberdeen Emerging Opportunities Bond Fund, Aberdeen China Gateway Fund and America Growth Fund of the year 2011.
Notification of Switching out from Aberdeen's Foreign Investment Funds (FIF) into Local Investment Funds (non-FIF)
Aberdeen Asset Management Company Limited (“Aberdeen”) would like to announce that from 15th November 2010, Aberdeen will open for fund switching out from FIF into non-FIF.
In switching funds, unitholders of FIFs which is the switch-out fund will take the switching at price as of the switching day or transaction day (T). The destination non-FIF fund or switch-in fund will use switching-in price as of the next fourth business day of the transaction day or T+4 to calculate the units. Unitholders can then redeem or switch-out again, if needed, from the switch-in fund after the units have been allotted to the investor.
| Switch-out Fund | Switch-In Fund | Transaction Date | NAV for switch-out | NAV for switch-in |
| Fund A | Fund B | 10 Nov 2010 | Price as of 10 Nov 2010 (price as of T – Fund A) |
Price as of 16 Nov 2010 (price as of T+4 – Fund B) |
Aberdeen Flexible Capital Fund
Aberdeen Asset Management Company Limited (“the Company”), as the manager of Aberdeen Flexible Capital Fund, would like to inform you that the Company will pay dividend on October 19, 2010 in the amount of 2.09 Baht per unit which the Company will transfer the dividend payment via money transfer to unit holder’s bank account specified in the Master Account Opening Form or amended unit holder’s bank account as per in the Amendment Form or payment of dividend by issuing crossed cheque under the name of entitled unit holder and delivering by registered mail will be made for unit holder that specified the method of their payment for redemption by cheque.
Aberdeen Thai Equity Dividend Fund
Aberdeen Asset Management Company Limited (“the Company”), as the manager of Aberdeen Thai Equity Dividend Fund, would like to inform you that the Company will close the registrar book and determine unit-holder’s title to dividend on October 11, 2010. The Company will pay dividend on October 28, 2010 in the amount of 0.97 Baht per unit which the Company will transfer the dividend payment via money transfer to unit holder’s bank account specified in the Master Account Opening Form or amended unit holder’s bank account as per in the Amendment Form or payment of dividend by issuing crossed cheque under the name of entitled unit holder and delivering by registered mail will be made for unit holder that specified the method of their payment for redemption by cheque.
The reduction of Aberdeen Smart Income RMF (ABSI-RMF)’s management fee and waiver of switching fee
Aberdeen Asset Management Company Limited (“Aberdeen”), acting as the fund manager of Aberdeen Smart Income RMF (ABSI-RMF) would like to announce the reduction of management fee to 0.40% of Net Asset Value per year (previously charged 0.75%).
Aberdeen also would like to announce the waiver of the switching fee for transactions made between Aberdeen’s RMFs. Both announcements will be effective from 1 October 2010 onwards.
FIF Campaign
Member Get Member Campaign
For an existing client who refers a new client to Aberdeen's Marketing officer for further contact and information on Aberdeen's Foreign Investment Fund except Aberdeen American Growth Fund.
Aberdeen FIF Campaign
1,500 THB worth of promotion for every 1 million Baht of investment amount made into any of Aberdeen’s Foreign Investment Fund except Aberdeen American Growth Fund. Clients would receive unit trusts of Aberdeen Cash Creation Fund if promotion received is equal to or exceeding 5,000 THB, otherwise clients would receive Central Gift Vouchers.
Additional Holidays/Suspension dates
For redemption and switching out of Aberdeen World Opportunities Fund, Aberdeen European Growth Fund, Aberdeen Global Emerging Growth Fund and Aberdeen China Gateway Fund of the year 2010
Holidays/Suspension dates of Foreign Investment Fund (FIF)
For redemption and switching out of Aberdeen Asia Pacific Equity Fund Aberdeen World Opportunities Fund, Aberdeen European Growth Fund, Aberdeen Global Emerging Growth Fund, Aberdeen Emerging Opportunities Bond Fund and Aberdeen China Gateway Fund of the year 2010
The cessation of subscription and redemption of funds units
Since Securities and Exchange Commission, Thailand has announced the additional special holiday on 13th August 2010 for securities companies, Aberdeen Asset Management Company Limited (“the Company”) therefore would like to announce that the subscription and redemption of all funds under the Company management will be closed on such day. Our subscription and redemption service will resume from 16th August 2010 onwards.
Aberdeen Thai Equity Dividend Fund
Aberdeen Asset Management Company Limited (“the Company”), as the manager of Aberdeen Thai Equity Dividend Fund, would like to inform you that the Company will close the registrar book and determine unit-holder’s title to dividend on April 12, 2010. The Company will pay dividend on April 23, 2010 in the amount of 0.52 baht per unit which the Company will transfer the dividend payment via money transfer to unit holder’s bank account specified in the Master Account Opening Form or amended unit holder’s bank account as per in the Amendment Form or payment of dividend by issuing crossed cheque under the name of entitled unit holder and delivering by registered mail will be made for unit holder that specified the method of their payment for redemption by cheque.
Aberdeen Flexible Capital Fund
Aberdeen Asset Management Company Limited (“the Company”), as the manager of Aberdeen Flexible Capital Fund, would like to inform you that the Company will pay dividend on April 16, 2010 in the amount of 0.84 Baht per unit which the Company will transfer the dividend payment via money transfer to unit holder’s bank account specified in the Master Account Opening Form or amended unit holder’s bank account as per in the Amendment Form or payment of dividend by issuing crossed cheque under the name of entitled unit holder and delivering by registered mail will be made for unit holder that specified the method of their payment for redemption by cheque. The subscription and redemption will resume from April 8, 2010 onwards.
Member Get Member Campaign
Aberdeen Asset Management would like to thank you all unit holders for your interest, support, and participation in our “Member Get Member” Promotional Campaign. To express our gratitude as well as to cater to the continuous interest, we are delighted to inform you that the Promotional Period would be extended to 23rd April 2010 . All Terms and Conditions to receive free unit trusts in Aberdeen Cash Creation Fund remain unchanged.
For an existing client who refers a new further contact and information on Aberdeen's Foreign Investment Fund.
Aberdeen Flexible Capital Fund
Aberdeen Asset Management Company Limited, as the manager of Aberdeen Flexible Capital Fund, would like to inform you that we will temporarily suspend subscription and redemption of fund units during 31 March 2010 – 7 April 2010 to determine the right for dividend payment and dividend rate. The subscription and redemption will resume from 8 April 2010 onwards.
The Company will close the registrar book and determine unit-holder’s title to dividend on 5 April 2010. The dividend will be paid on 16 April 2010. The Company reserves the right not to pay dividend in case of net profit or retained earning for that period is less than or equal to Baht 0.10 per unit. Instead, the profit will be accumulated to the next dividend period.
Aberdeen Thai Equity Dividend Fund
Aberdeen Asset Management Company Limited (“the Company”), as the manager of Aberdeen Thai Equity Dividend Fund, would like to inform you that the Company will close the registrar book and determine unit-holder’s title to dividend on August 10, 2010.
The Company will pay dividend on August 25, 2010 in the amount of 0.78 Baht per unit which the Company will transfer the dividend payment via money transfer to unit holder’s bank account specified in the Master Account Opening Form or amended unit holder’s bank account as per in the Amendment Form or payment of dividend by issuing crossed cheque under the name of entitled unit holder and delivering by registered mail will be made for unit holder that specified the method of their payment for redemption by cheque.
Aberdeen Flexible Capital Fund
Aberdeen Asset Management Company Limited (“the Company”), as the manager of Aberdeen Thai Equity Dividend Fund, would like to inform you that the Company will pay dividend on October 16, 2009 in the amount of 0.53 baht per unit which the Company will transfer the dividend payment via money transfer to unit holder’s bank account specified in the Master Account Opening Form or amended unit holder’s bank account as per in the Amendment Form or payment of dividend by issuing crossed cheque under the name of entitled unit holder and delivering by registered mail will be made for unit holder that specified the method of their payment for redemption by cheque. The subscription and redemption will resume from 7 October 2009 onwards.
Aberdeen Flexible Capital Fund
Aberdeen Asset Management Company Limited, as the manager of Aberdeen Flexible Capital Fund, would like to inform you that we will temporarily suspend subscription and redemption of fund units during 30 September 2009 – 6 October 2009 to determine the right for dividend payment and dividend rate. The subscription and redemption will resume from 7 October 2009 onwards.
The Company will close the registrar book and determine unit-holder’s title to dividend on 5 October 2009. The dividend will be paid on 16 October 2009. The Company reserves the right not to pay dividend in case of net profit or retained earning for that period is less than or equal to Baht 0.10 per unit. Instead, the profit will be accumulated to the next dividend period.
Aberdeen Thai Equity Dividend Fund
Aberdeen Asset Management Company Limited (“the Company”), as the manager of Aberdeen Thai Equity Dividend Fund, would like to inform you that the Company will close the registrar book and determine unit-holder’s title to dividend on September 10, 2009. The Company will pay dividend on September 25, 2009 in the amount of 0.19 baht per unit which the Company will transfer the dividend payment via money transfer to unit holder’s bank account specified in the Master Account Opening Form or amended unit holder’s bank account as per in the Amendment Form or payment of dividend by issuing crossed cheque under the name of entitled unit holder and delivering by registered mail will be made for unit holder that specified the method of their payment for redemption by cheque.
Aberdeen Flexible Capital Fund
Aberdeen Asset Management Company Limited (“the Company”), as the manager of Aberdeen Flexible Capital Fund, would like to inform you that the Company will pay dividend onSeptember 17, 2009 in the amount of 0.7678 baht per unit which the Company will transfer the dividend payment via money transfer to unitholder’s bank account specified in the Master Account Opening Form or amended unit holder’s bank account as per in the Amendment Form or payment of dividend by issuing crossed cheque under the name of entitled unit holder and delivering by registered mail will be made for unit holder that specified the method of their payment for redemption by cheque. The subscription and redemption will resume from 7 September 2009 onwards.
Aberdeen Flexible Capital Fund
Aberdeen Asset Management Company Limited, as the manager of Aberdeen Flexible Capital Fund, would like to inform you that we will temporarily suspend subscription and redemption of fund units during 31 August 2009 – 4 September 2009 to determine the right for dividend payment and dividend rate. The subscription and redemption will resume from 7 September 2009 onwards.
The Company will close the registrar book and determine unit-holder’s title to dividend on 3 September 2009. The dividend will be paid within 17 September 2009. The Company reserves the right not to pay dividend in case of net profit or retained earning for that period is less than or equal to Baht 0.10 per unit. Instead, the profit will be accumulated to the next dividend period.
Discount Policy for the Front-End Fee of Aberdeen FIFs (3rd amendment)
1. After the IPO period, investors and/or unitholders who invest into each of Aberdeen FIFs (Aberdeen Asia Pacific Equity Fund (ABAPAC), Aberdeen World Opportunities Fund (ABWOOF), Aberdeen European Growth Fund (ABEG), Aberdeen Emerging Opportunities Bond Fund (AEOB), Aberdeen Global Emerging Growth Fund (ABGEM) and other FIFs to be set up in the future) for the amount at least Baht 100 million shall be charged the front-end fee at the discount rate of 1% of unit price.
2. In order to be qualified under the above Baht 100 million threshold in Clause 1, the investing amount shall be considered for each fund separately and shall be made on the same trading day. The investments made by group of companies may be considered as a single investment for the purpose of Clause 1. with an approval from Aberdeen Bangkok Executive Committee.
3. Any subsequent investment made by the same unitholders within 30 days from any eligible investment under Clause 1. shall also enjoy the discount rate of 1% (irrespective of the amount of the subsequent investment).
4. The Company may consider reducing unitholders the front-end fee for the subscription or switch-in transactions to be charged at the discount rate of 1% of unit price only if the following conditions are met:
4.1 There is a request from a unitholder for front-end fee discounting prior to each respective subscription or switch-in transaction;
4.2 Such unitholder must have an outstanding total collective investment in FIFs of at least Baht 100 million (determining on cost basis) at the time of the request; and
4.3 In the case where a unitholder has invested via a distributor, whether in whole or in part, the unitholder must arrange the respective distributor to apply for discount of frontend fees.
5. In case of any doubt, Aberdeen reserves the right to interpret words and expressions specified in this announcement. Aberdeen’s interpretation shall be deemed final.
Announced on May 21st, 2009
Aberdeen Long Term Equity Fund
Aberdeen Asset Management Co., Ltd., as the founder and manager of Aberdeen Long Term Equity Fund would like to announce the amendment to the Fund Project as approved by the Office of the Securities and Exchange Commission on 23th March 2009 as details summarised below.
From 1 April 2009 onwards, unitholders of Aberdeen Long Term Equity Fund are able to redeem or switch-out his units on every trading day during 9.30 a.m. – 13.00 p.m. by sending the orders to the Asset Management Company or its distributors. Should there be any change in the future (the new trading hours shall not be less than the existing trading hours) the Asset Management Company will inform unitholders in advance at least 30 days by placing the notice at the office of the Asset Management Company and its distributors and publishing in at least one daily newspaper. The redemption or switch-out transactions may result in unitholders being required to return tax benefits including surcharge to the Revenue Department. Therefore, unitholders are required to study and comply with the practices of tax rules and regulations.
The above amendments shall take effect from 23rd March 2009 onwards.
The cessation of subscription and redemption of funds units
Since Securities and Exchange Commission, Thailand has announced the additional special holiday on 6th July 2009 for securities companies, Aberdeen Asset Management Company Limited (“the Company”) therefore would like to announce that the subscription and redemption of all funds under the Company management will be closed on such day. Our subscription and redemption service will resume from 8th July 2009 onwards.
If you have any queries or require additional information, please contact our Client Services Tel. 0-2352-3333.
Announced on 26th March 2009
No dividend payment for Aberdeen Flexible Capital Fund
Aberdeen Asset Management Company Limited ("Company"), acting as the manager of the Aberdeen Flexible Capital Fund, would like to inform you that there will be no dividend payments to unit holders for the accounting period ending 31st March 2009 because the fund has net loss and has no retained earnings. Consequently, subscription and redemption will resume from 3rd April 2009 onwards.
Announced on April 2, 2009
Notice of changes with regards to the calculation and announcement period of Aberdeen Foreign Investment Funds' (FIFs), Net Asset Value, Value of Investment Units, Selling Price and Redemption Price
Aberdeen Asset Management Company Limited would like to inform you that with effect from 20th October 2008, the calculation period of Net Asset Value, Value of Investment Units, Selling Price and Redemption Price of all of our Foreign Investment Funds (FIFs), namely Aberdeen Asia Pacific Equity Fund, Aberdeen World Opportunities Fund, Aberdeen European Growth Fund, Aberdeen Emerging Opportunities Bond Fund and Aberdeen Global Emerging Growth Fund, will be completed on the next working day from the relevant trade date and will be announced in the following two working days from the relevant trade date.
As a result of the change, switch out transactions made from our FIFs to non-FIFs will be terminated from 20th October 2008.
The above implementation is done in light of clause 24 of each of the above funds' prospectuses.
Discount Policy for the Front-End Fee of Aberdeen FIFs (2nd amendment)
1. After the IPO period, investors and/or unitholders who invest into each of Aberdeen FIFs (Aberdeen Asia Pacific Equity Fund (ABAPAC), Aberdeen World Opportunities Fund (ABWOOF), Aberdeen European Growth Fund (ABEG), Aberdeen Emerging Opportunities Bond Fund (AEOB), Aberdeen Global Emerging Growth Fund (ABGEM) and other FIFs to be set up in the future) for the amount at least Baht 100 million shall be charged the front-end fee at the discount rate of 1% of unit price.
2. In order to be qualified under the above Baht 100 million threshold in Clause 1, the investing amount shall be considered for each fund separately and shall be made on the same trading day. The investments made by group of companies may be considered as a single investment for the purpose of Clause 1. with an approval from Aberdeen Bangkok Executive Committee.
3. Any subsequent investment made by the same unitholders within 30 days from any eligible investment under Clause 1. shall also enjoy the discount rate of 1% (irrespective of the amount of the subsequent investment).
4. To alleviate the impact from overseas investment and to give more flexibility for investors’ portfolio allocation, the Company may consider waiving a group of unitholders the front-end fee for the first switching transaction made during 1 – 15 October 2008 only if the following conditions are met:
4.1 There is a request from a unitholder for front-end fee waiving prior to each respective switching transaction;
4.2 Such a group of unitholders must have an outstanding total collective investment in FIFs of at least Baht 50 million (determining on cost basis) at the time of the request and the requesting unitholder must hold investment units in the switch out fund for at least 1 year at the time of the request (determining on the first subscription date); and
4.3 In the case where a unitholder has invested via a distributor, whether in whole or in part, the unitholder must arrange to obtain a confirmation request from the respective distributor on waiver of front-end fees.
5. In determining whether there is an investment by a group of unitholders, the Company shall consider from family relationship, viz father, mother, siblings and sibling’s spouse shall be deemed a same group of unitholders.
6. In case of any doubt, Aberdeen reserves the right to interpret words and expressions specified in this announcement. Aberdeen’s interpretation shall be deemed final.
Announced on September 30th
Aberdeen Flexible Capital Fund
Aberdeen Asset Management Company Limited (“Company”), acting as the manager of the Aberdeen Flexible Capital Fund, would like to inform you that there will be no dividend payments to unit holders for the accounting period ending 30th September 2008 because the fund has net lossand has no retained earning. Consequently, subscription and redemption will resume from 3rd October 2008 onwards.
Aberdeen Flexible Capital Fund
Aberdeen Asset Management Company Limited, as the manager of Aberdeen Flexible Capital Fund, would like to inform you that we will temporarily suspend subscription and redemption of fund units during 30 September 2008 – 6 October 2008 for the purpose of investment unit settlement and calculation of dividend per unit. The subscription and redemption will resume from 7 October 2008 onwards.
The Company will close the registrar book and determine unit-holder’s title to dividend on 3 October 2008. The dividend will be paid within 16 October 2008. The company reserves the right not to pay dividend in case of net profit or retained earning for that period is less than or equal to Baht 0.10 per unit. Instead, the profit will be accumulated to the next dividend period.
Aberdeen Flexible Capital Fund
Aberdeen Asset Management Company Limited ("Company"), acting as the manager of the Aberdeen Flexible Capital Fund, would like to inform you that there will be no dividend payments to unit holders for the accounting period ending 31 March 2008 because the fund has net loss and has no retained earnings. Consequently, subscription and redemption will resume from 3 April 2008 onwards.
Aberdeen Income Gold Project Amendment
Aberdeen Asset Management Co.,Ltd. received unitholders’ resolution to amend the project as the following details. The amendments shall take effect from 12th October 2007 onwards.
Changing of the fund’s name and investment policy
- The fund’s name has been changed to Open-Ended Aberdeen Cash Creation Fund (Clause 1.and 1.2)
- The fund’s investment policy has been changed from general fixed income fund to a money market fund (Clause 3.2)
Changing of settlement period for the switch out fund to transfer money to the switch in fund
- The proceeds from switching transaction will be transferred by the switch out fund to the switch in fund within 5 working days from the transaction date. (Clause 17.1.3)
Aberdeen Asset Management Company Limited, acting as the manager of the Aberdeen Thai Equity Dividend Fund, would like to inform you that there will be no dividend payments to unit holders for the accounting period end of 20 September 2007. For the benefits of unit holders, the profit for this accounting period will be accumulated to the next period.
Good news for Aberdeen Income Gold Fund: Change of redemption settlement date
Effective from 1 September 2007 onwards, unit holders can receive the redemption payment within the first working day after the date of redemption, or 1 day faster than previously.
Remark: Aberdeen reserves the right to pay the redemption proceeds to the unit holder within the 5 working day from the redemption date in case the unit holder switches his units from Foreign Investment Fund (FIF) and redeems the fund during 5 working days from the switching date.
From 15th June 2007 onwards,
- Aberdeen will change the management fee of Aberdeen Income Gold Fund from 0.65 % to 0.20 % p.a
- FIF funds under Aberdeen’s management can be redeemed and switched on daily basis
From 15th May 2007 onwards, Aberdeen will resume the charge of management and registrar fees for Aberdeen Smart Income-RMF at 0.75 % p.a and 0.10 % p.a. respectively.
For more details, please call our Client Services 0-2352-3333.
Discount Policy for the Front-End Fee of Aberdeen FIFs (1st amendment)
1. After the IPO period, investors and/or unitholders who invest into each of Aberdeen FIFs (Aberdeen Asia Pacific Equity Fund (ABAPAC), Aberdeen World Opportunities Fund (ABWOOF), Aberdeen European Growth Fund (ABEG), Aberdeen Emerging Opportunities Bond Fund (AEOB) and other FIFs to be set up in the future) for the amount at least Baht 100 Million shall be charged the front-end fee at the discount rate of 1% of unit price.
2. In order to be qualified under the above Baht 100M threshold in Clause 1, the investing amount shall be considered for each fund separately and shall be made on the same trading day. The investments made by group of companies may be considered as a single investment for the purpose of Clause 1. with an approval from Aberdeen Bangkok Executive Committee.
3. Any subsequent investment made by the same unitholders within 30 days from any eligible investment under Clause 1. shall also enjoy the discount rate of 1% (irrespective of the amount of the subsequent investment).
4. In case of any doubt, Aberdeen reserves the right to interpret words and expressions specified in this announcement. Aberdeen’s interpretation shall be deemed final.
Announced on July 24th, 2007