Post by mangomoney on Nov 3, 2017 14:53:03 GMT 7
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Surge in LTF, RMF inflows expected final two months
Published: 3/11/2017 at 04:00 AM
Newspaper section: Business
Investments in long-term funds (LTFs) and retirement mutual funds (RMFs) are expected to reach 30.3 billion baht combined for the rest this year, supporting the Thai bourse's bullish outlook, says Asia Plus Securities (ASP).
November and December is the favoured period for LTF and RMF investment despite a new regulation changing the LTF holding period to seven calendar years from five years, but investors remain interested in both investment funds, said Poranee Thongyen, ASP executive vice-president.
Last year's fund inflows into LTFs and RMFs in November and December were 33.1 billion baht, down 7.2% year-on-year from 35.7 billion in 2015, said Mrs Poranee.
Investment from retail investors purchasing LTFs and RMFs in the last two months of the year usually tallies 55-60% of total investment in those funds annually, she said.
www.bangkokpost.com/business/news/1353559/surge-in-ltf-rmf-inflows-expected-final-two-months
Surge in LTF, RMF inflows expected final two months
Published: 3/11/2017 at 04:00 AM
Newspaper section: Business
Investments in long-term funds (LTFs) and retirement mutual funds (RMFs) are expected to reach 30.3 billion baht combined for the rest this year, supporting the Thai bourse's bullish outlook, says Asia Plus Securities (ASP).
November and December is the favoured period for LTF and RMF investment despite a new regulation changing the LTF holding period to seven calendar years from five years, but investors remain interested in both investment funds, said Poranee Thongyen, ASP executive vice-president.
Last year's fund inflows into LTFs and RMFs in November and December were 33.1 billion baht, down 7.2% year-on-year from 35.7 billion in 2015, said Mrs Poranee.
Investment from retail investors purchasing LTFs and RMFs in the last two months of the year usually tallies 55-60% of total investment in those funds annually, she said.
www.bangkokpost.com/business/news/1353559/surge-in-ltf-rmf-inflows-expected-final-two-months
