Jul 18 2008

SGAM AsiaPAC Income Plus Fund Launch Postponed

Published by lioninvestor at 4:51 am under Funds

SGAM has decided to postpone the launch of SGAM AsiaPAC Income Plus Fund due to soft market and investor sentiments. The product will be launched at a later date when the market sentiment improves.

Investors who have already invested monies into the fund will have their funds returned. Details on the refund will be announced upon finalisation.

Looks like the current market sentiment is so bad that this fund has failed to attract sufficient interest for the launch to go ahead.

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5 Responses to “SGAM AsiaPAC Income Plus Fund Launch Postponed”

  1. # Mengon 23 Jul 2008 at 9:06 am

    hi, thanks for this update. I was intending to track this fund.
    i’ve not been able to find an official notification of this from SGAM though. could you pls advise? thanks.

  2. # lioninvestoron 23 Jul 2008 at 3:34 pm

    Hi Meng,

    As I have posted, the launch of the fund has been postponed. There won’t be anything to track until they decide to launch it again.

  3. # Mengon 23 Jul 2008 at 6:04 pm

    hi, thanks for your prompt reply. yes i know what you mean. I meant to ask how did you know that it has been postponed i.e. was there an official announcement by SGAM?

  4. # lioninvestoron 24 Jul 2008 at 12:38 pm

    Meng, there was a note sent out to the distributors.

  5. # Mengon 24 Jul 2008 at 4:46 pm

    I see, thanks v much.

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