Bangkok--19 Jun--SET
The Stock Exchange of Thailand’s (SET) will list KTAM Hong Kong ETF Tracker, or HK, an exchange-traded fund (ETF) managed by Krung Thai Asset Management pcl (KTAM) on June 19. It is Thailand’s first ETF based on Hang Seng index.
HK invests in Tracker Fund of Hong Kong, a Hong Kong-listed ETF designed to provide investment results that closely correspond to the performance of the Hang Seng index, which measures the performance of largest and most liquid companies listed in Hong Kong.
SET President Charamporn Jotikasthira, said: “Hong Kong is Asia’s third biggest stock exchange, the world’s seventh largest stock exchange, and the key channel for investing in China. This ETF should be a good investment option for Thais who want to diversify into overseas markets. HK, then, will be a convenient and fast channel for investment in Hong Kong, creating returns by tracking the Hang Seng index with easy trading through local broker. In addition, this ETF has policy to pay dividend of up to four times a year.”
KTAM’s Managing Director, Somchai Boonnamsiri, said: “The ETF HK gained a warm welcome from both retail and institutional investors during its IPO on May 28-June 8. It was offered at THB 4 per unit and raised a total of THB 177 million, which was a good response amid the global economic volatility.”
ETF HK has KGI Securities (Thailand) pcl as participating dealer and market maker. Another participating dealer is KT Zmico Securities Co., Ltd., while Thailand Securities Depository Co., Ltd. is registrar. For more details, please visit Krung Thai Asset Management pcl at www.ktam.co.th and www.set.or.th or call S-E-T Call Center 0 2229 2222
For more information, please contact S-E-T Call Center 0 2229 2222
Members of the media should contact the Public Relations Unit, Corporate Communications Dept.: Ladawan Kantawong, tel: 0-2229-2036 / Arada Kultawanich, tel: 0-2229-2796