Disbursement continues the fund’s track record of regular dividend payouts and highlights its potential to deliver a recurring income stream for retired or working households looking to supplement other forms of income.
Manulife Asset Management has announced the thirteenth dividend payment for its Manulife Strength - Equity Dividend (MS-EQ DIV) Fund at THB 0.50 /unit. The thirteenth payout brings the fund’s accumulated dividend yield to 95.5% since its 28 August 2009 inception. The ex-dividend (XD) date is 14 June 2013 and payment will be made by 21 June 2013.
Tor Indhavivadha, CEO of Manulife Asset Management Thailand, commented: “This dividend payment continues our policy of paying out dividends on a quarterly basis so that unit holders receive consistent returns throughout their investment period. The MS-EQ DIV fund’s track record of consistent dividends is based on a management strategy that emphasizes intensive research of value stocks with strong fundamentals, great business prospects and the potential to continue generating dividend income.”
The SET has shown higher volatility since late May. The bourse broke its 16-year high of 1,643 on 20 May, but shed more than 250 points (around 15%) on market concern over the potential for a premature end to US Quantitative Easing (QE) and economic indicators pointing to slower growth in China. In addition, foreign investors who have had SET exposure over the past six months of strong performance began to take profit and have since adopted a wait-and-see approach to the market. In the short run, the market is likely to focus on Fed’s decision.
Tor addressed the recent volatility, explaining: “We have a positive outlook on the Thai stock market, as many constituent companies have strong fundamentals and are benefiting from robust domestic consumption and supportive government policies and expenditures that are shielding them from continued international economic uncertainty. We believe that the recent market correction has provided a great opportunity to increase holdings in Thai equities at attractive valuations.”
He went on to suggest that: “Higher volatility increases the importance of carefully monitoring the market and current and potential investments to ensure the timeliness of buy and sell decisions. For those who have limited time to monitor stock price movement, we believe mutual fund investment is a great option. Our MS-EQ DIV fund enables investors to benefit from potential price appreciation on high-quality stocks purchased at reasonable prices while also receiving a recurring dividend income stream.”
For more details, please contact the investment consultant team of Manulife Asset Management (Thailand) at 0-2354-1001.
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