Post by Fletchsmile on Sept 23, 2015 13:10:45 GMT 7
Good to see the global investment choices continuing to widen in Thailand. Particularly as Thai equities and bonds aren't as attractive as they have been at the moment.
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More global mutual funds for investors
Despite the recent global market rout, a flurry of Thai mutual funds are launching global equity and infrastructure funds to serve growing demand from yield-hungry investors amid the low interest rate environment and puny returns from the domestic stock market.
Three asset management companies are slated to offer global mutual funds to the public this week and next -- BBL Asset Management (BBLAM) has Bualuang Global Equity Fund (B-GLOBAL), SCB Asset Management (SCBAM) will launch Global Infrastructure Equity (SCBGIF) and SCB RMF Global Infrastructure Fund (SCBRMFGIF), while Tisco Asset Management offers the Tisco Europe Property Fund (TEUPROP).
SCB chief executive Smith Banomyong said diversifying an investment portfolio into the global market was recommended to mitigate risks from local markets. There was some positive sentiment from the Thai government's economic stimulus measures and better prospects for listed companies' earnings, he admitted.
SCBAM's two feeder funds, SCBGIF and SCBRMFGIF, will invest in the Deutsche Invest I Global Infrastructure: Share Class FC (EUR). The two new funds will be 5 billion baht each, and their initial public offering (IPO) is scheduled for Sept 29 to Oct 5, with minimum investment of 5,000 baht. Tisco Asset is offering TEUPROP's IPO from Sept 23-29, while B-GLOBAL's IPO runs through next Tuesday.
The master fund has a historic average return of 17.9% per year, a five-year return of 16%, and is expected to record an 8-10% return this year.
Mr Smith previously said popular short-term bond and term funds are losing their sheen due to low interest rates.
"Some 300 billion baht has been cashed out of the overall industry's term funds and 80 billion from SCBAM alone, and there's no new money flowing in," he said.
Redemption of term funds have largely been blamed for the lower-than-expected mutual fund growth. The industry's target for assets under management was growth of 15-20% this year, but so far it has grown only 3-4%.
Mr Smith said dividend plays were back on investors' radar screens.
www.bangkokpost.com/print/703344/
=============================================
More global mutual funds for investors
Despite the recent global market rout, a flurry of Thai mutual funds are launching global equity and infrastructure funds to serve growing demand from yield-hungry investors amid the low interest rate environment and puny returns from the domestic stock market.
Three asset management companies are slated to offer global mutual funds to the public this week and next -- BBL Asset Management (BBLAM) has Bualuang Global Equity Fund (B-GLOBAL), SCB Asset Management (SCBAM) will launch Global Infrastructure Equity (SCBGIF) and SCB RMF Global Infrastructure Fund (SCBRMFGIF), while Tisco Asset Management offers the Tisco Europe Property Fund (TEUPROP).
SCB chief executive Smith Banomyong said diversifying an investment portfolio into the global market was recommended to mitigate risks from local markets. There was some positive sentiment from the Thai government's economic stimulus measures and better prospects for listed companies' earnings, he admitted.
SCBAM's two feeder funds, SCBGIF and SCBRMFGIF, will invest in the Deutsche Invest I Global Infrastructure: Share Class FC (EUR). The two new funds will be 5 billion baht each, and their initial public offering (IPO) is scheduled for Sept 29 to Oct 5, with minimum investment of 5,000 baht. Tisco Asset is offering TEUPROP's IPO from Sept 23-29, while B-GLOBAL's IPO runs through next Tuesday.
The master fund has a historic average return of 17.9% per year, a five-year return of 16%, and is expected to record an 8-10% return this year.
Mr Smith previously said popular short-term bond and term funds are losing their sheen due to low interest rates.
"Some 300 billion baht has been cashed out of the overall industry's term funds and 80 billion from SCBAM alone, and there's no new money flowing in," he said.
Redemption of term funds have largely been blamed for the lower-than-expected mutual fund growth. The industry's target for assets under management was growth of 15-20% this year, but so far it has grown only 3-4%.
Mr Smith said dividend plays were back on investors' radar screens.
www.bangkokpost.com/print/703344/
