Ayudhya Fund Management unveils two new alternatives

The two funds feature auto redemption when AYFENP 3M1's net return hits 3 per cent per annum and when AYFENP 6M1's net return reaches 3.5 per cent per annum, its chief executive officer Chatrapee Tantixalerm said yesterday.

Both funds are launched as alternatives for investors who want to invest in overseas debt instruments issued by well-known financial institutions including National Australia Bank, Industrial Bank of Korea, AUST & NZ Bank and ABN Amro Bank.

The funds' policy is to invest in overseas debt instruments with a 3 and 6-month maturity, he said.

"The Monetary Policy Committee is likely to jack up the key policy rate and this would allow investors who invest in short-term fixed income funds to have a greater returns from the following investments.

AYF suggests the short-term fixed income funds, which are appropriate for the upward interest rate trend condition, he added.

At least Bt10,000 would be an initial investment requirement for both funds, which are available at Bank of Ayudhya's branches nationwide and at other selling agents.