SSI Asset Management Co., LTD (SSIAM) is a Vietnamese securities company providing investment management services to foreign institutional clients, domestic institutions, and individual clients both at home and abroad, with total assets under management of USD 579 million (as of 31 December 2022) and a team of more than 25 fund managers and securities analysts who are experienced, capable, and knowledgeable about investing in Vietnam.

SSIAM is 100% owned by Saigon Securities Incorporation (SSI), the largest securities company in Vietnam, with the highest market capitalization and revenue in Vietnam in 2018. It provides comprehensive securities services and is a trusted securities company that has won numerous outstanding-performance awards internationally.

The fund follows an Active investment strategy, focusing on companies with a Sustainable Competitive Advantage over their rivals — high market share, transparent management, strong financial position, the ability to perform well even in unfavorable market conditions, and attractive fundamental value relative to future growth potential.

The fund uses an Active stock-selection strategy based on macroeconomic research, developing investment models aligned with the fund's objectives in order to allocate securities appropriately to current market conditions, with the following steps:

• Step 1: Top-down macroeconomic analysis to identify stocks with growth potential
• Step 2: Screen companies against set criteria — high market capitalization, high liquidity, market leadership, quality management, transparent corporate governance, strong financial position, high returns relative to the industry, and high growth potential
• Step 3: Diversify portfolio risk by analyzing fundamentals, growth potential, management efficiency, operational risk, financial risk, and liquidity risk

The industry groups selected for investment include financial services, consumer-goods retail, tourism, construction, banking, jewelry, technology, energy and petroleum, services, and pharmaceuticals.

Suitable for Thai investors who can accept risk, take a long-term investment view, have liquid investable funds, are willing to wait for the market to recognize the true value of the stocks, and want to diversify their portfolio outside Thailand.

• The fund's returns are not guaranteed by the State Bank of Vietnam or any other financial institution.
• Returns may be lower than expected or lower than other available investments; principal may be partially or fully reduced.
• The SSIAM fund managers and staff do not guarantee profit or loss.
• The fund focuses on long-term value growth; investors should not expect immediate or short-term returns.
• SSIAM's past performance does not guarantee future returns.

The main risks include Market Risk, Inflation Risk, Interest Rate Risk, Exchange Rate Risk, Price Volatility Risk, Legal Risk, Investment Strategies Risk, Liquidity Risk, Fund Management Operation Risk, Conflict of Interest Risk, and Force Majeure Risk.

• The fund must invest in at least 6 securities companies.
• Investments in bank deposits, money-market instruments, foreign currencies, or transferable debt instruments must not exceed 49% of total assets.
• Investment in securities of a single issuer or related group of companies must not exceed 30% of total assets.
• Investment in any single security must not exceed 20% of total assets.
• Investment must not exceed 10% of the market value of the securities issued.
• Investment in securities pending listing must not exceed 10% of total assets.
• High-value securities holdings must not exceed 40% of fund assets.
• The fund cannot invest directly in real estate, precious metals, or steel.

The fund uses the VN-Index (VNI) as its Benchmark, an index that reflects the Vietnamese stock market. It is Capitalization-weighted across all companies listed on the Ho Chi Minh City Stock Exchange, with a base index of 100 as of 28 July 2000.

Tax on transferring investment units (gift/inheritance)

Thai investors who are not residents of Vietnam must, when transferring investment units as a gift or inheritance, pay tax of 10% on the value of securities exceeding 10 million Vietnamese dong.

Tax on redeeming investment units

0.10% of the redeemed value (withholding tax).

Income tax

Income from selling foreign securities brought back into Thailand within the year of sale must include the returns (capital gains, dividends, interest, and other benefits) from foreign sources in the calculation of personal income tax.

A minimum of 2 years, to give the stocks enough time to generate sustainable returns and to avoid the Redemption Fee.

Transferring investment units is possible but not recommended due to the complex process, costs, and time required. Transfers must take the form of a gift, inheritance, or donation and must be certified by a Notary Public at the Vietnamese Embassy in Thailand, with the recipient liable for inheritance or gift tax of 10% of NAV. A better option is to sell and repurchase rather than transfer.