Wan Asset Management sends Wan China Top 10M2 open fund, trigger target 8% within 10 months.

Wan Asset Management is confident in the city's opening policy and the amount of money in the system is still high. Including signals of money flowing into emerging stock markets. Send open fund Wan China Top 10M2 Trigger Fund, target return 8% within 10 months, subscribe 23 Jan. - 3 Feb.

Mr. Poj Harinsut, CEO of Wann Asset Management, revealed that the company has a more positive view on investing in the Chinese stock market. He sees signals from the Chinese government indicating a potential expansion of moderate fiscal measures to boost economic growth in 2023, following reports of continued weakness in China's manufacturing and service sectors last month. This will involve raising funds through special local government bonds, leading to increased liquidity in the system.

In addition, there are risks in the real estate sector and the technology business sector. It has begun to decline as well. Most recently, the Chinese authorities have prepared plans to use additional support measures to alleviate liquidity problems for some of the country's large and systemically important real estate developers. Including a plan to ease the "Three Red Lines" measure, which is a measure to solve the real estate bubble problem. The authorities will relax the debt ceiling. Including postponing the deadline for enforcing the debt ratio of real estate development companies. Departed from the original date of June 2023 to September 2023.

As for the technology business, stocks in the technology sector began to have positive sentiments from news from the Banking Supervisory Board. The China Insurance and Insurance Commission (CBIRC) approved Ant Group's capital increase plan by 10.5 billion yuan ($1.5 billion) to 18.5 billion yuan, along with the gradual easing of new game licensing. This includes over 45 international games and over 80 domestic games in December, relieving pressure on the world's largest gaming market.

In addition, the US and European economic forecasts have been adjusted. It is seen that this year is likely to slow down in 2023, contrary to the Chinese and Thai economies that are likely to accelerate. And if considering the stock price in the Chinese stock market

In the first week of 2023, China's stock market rose significantly. Especially Chinese offshore stocks, which received support from China's opening-up policy. It was also found that the savings rate of Chinese people was higher than the average before Covid19. The savings numbers reflect the spending potential of the people. which can support consumption in China during the opening of the city well

In terms of the value of stocks in the Chinese stock market This year's earnings per share (EPS) growth forecast for MSCI China, CSI300, and HSCEI is expected to grow at 24%, 25%, and 19%, respectively. The MSCI China Index has a value lower than the 10-year average, with signs of flow beginning. Return of foreign capital Entered the Emerging countries group after the first 10 months of last year were sold all the time. This is seen as a good sign for investment sentiment in the Chinese stock market.

Mr. Poj added that The company sees an opportunity to return to invest in the Chinese stock market in a new round by issuing the One China Top 10M2 open fund (ONE-CHINATOP10M2), open for sale from today until February 3. The fund has a policy to invest in investment units. of foreign mutual funds Aiming to create a net return for unitholders of 8% within 10 months, focusing on investing through the UBS (Lux) IS – China A Opportunity fund, with a proportion of approximately 40% in stocks that are likely to receive outstanding benefits from Relaxation of lockdown measures and the trend of using large-scale economic stimulus measures from the Chinese government.

and an equal 20% investment in the Hang Seng China Enterprises Index ETF and the Tracker Fund of Hong Kong, with approximately 15% invested in the KraneShares CSI China Internet ETF.

The ETF focuses on generating returns based on the CSI Overseas China Internet Index, which mainly includes investments in Chinese stocks in the Internet business or related to the Internet and technology. which is listed for trading on the Hong Kong Stock Exchange and the United States

However, adjustments to the portfolio are at the discretion of the fund manager to be appropriate for each market period.