Bangkok Post (31 October 2007)
The mutual fund industry is expected to grow by 20-30% this year, driven mainly by fixed-income funds, according to Vorawan Tarapoom, managing director of BBL Asset Management. Falling interest rates would cause investors to shift to fixed-income assets. Asset management firms are also expected to launch more long-term equity funds and retirement mutual funds by the end of 2007, she said. The fund industry has 1.5 trillion baht in total assets, up 24% from 2006. Interesting developments include Thanachart Fund Management's new foreign investment fund (FIF), which invests in units of Luxembourg-based MLIIF New Energy Fund, with subscriptions running from today until Nov 8. As well, ING Mutual Funds will offer a six-month auto-redemption fixed-income fund from Nov 2-9 with a size of two billion. Jumpol Saimala, executive vice president at ING Mutual Fund, said it had a policy of investing in both local and overseas government and state enterprise issues, but foreign investment would be capped at 75% of total assets. ING will also launch another new FIF in November. It will be a ''fund of funds'', investing in structure notes and emerging market funds, he said.
The mutual fund industry is expected to grow by 20-30% this year, driven mainly by fixed-income funds, according to Vorawan Tarapoom, managing director of BBL Asset Management. Falling interest rates would cause investors to shift to fixed-income assets. Asset management firms are also expected to launch more long-term equity funds and retirement mutual funds by the end of 2007, she said. The fund industry has 1.5 trillion baht in total assets, up 24% from 2006. Interesting developments include Thanachart Fund Management's new foreign investment fund (FIF), which invests in units of Luxembourg-based MLIIF New Energy Fund, with subscriptions running from today until Nov 8. As well, ING Mutual Funds will offer a six-month auto-redemption fixed-income fund from Nov 2-9 with a size of two billion. Jumpol Saimala, executive vice president at ING Mutual Fund, said it had a policy of investing in both local and overseas government and state enterprise issues, but foreign investment would be capped at 75% of total assets. ING will also launch another new FIF in November. It will be a ''fund of funds'', investing in structure notes and emerging market funds, he said.
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