The fund will offer Series A units to both domestic retail and institutional investors, who will receive principal protection and are guaranteed an annual return of at least 3% for the 10-year period — but their returns are also capped at 9%. The principal will be returned after 10 years.
Thailand’s state-controlled Vayupak Fund is starting a 150 billion baht ($5.84 billion) offering on Monday aimed at boosting the local stock market.
The offering, which will increase Vayupak’s funds under management to 500 billion baht, will run through Friday. The allocations will be announced on Sept 23, and stock purchases will begin Oct 1, according to its prospectus and financial adviser Finansa Securities. The fund plans to invest in constituents of the SET 100 Index or other local stocks with high ESG scores.
