Bangkok--3 Sep--SET
The Stock Exchange of Thailand (SET) successfully attracted more than 3,500 investors to the “Mutual Fund Fair 2014”, generating 1,053 transactions worth THB 57.75 million during last week’s event (August 29-30) with long-term equity fund (LTF) and mutual equity fund among the best sellers.
Noppakao Sucharitakul, SET’s senior vice president and group head Customer & Channel, said that the fair, co-hosted by Association of Investment Management Companies and 15 asset management firms, promoted mutual fund investment under the concept “Simple start, Easy trade.” The total transactions consisted of 340 from LTF, 315 from equity fund, while other funds such as retirement mutual fund (RMF), foreign investment fund and fixed income fund, also drew substantial interests from investors.
“This event greatly achieved our expectations, including the number of participants of which half were first jobbers enthusiastic to start investing in stocks. More importantly, the various activities in the event could draw impressive attentions from large audience. This has reinforced SET’s commitment to continuously enhance investment through the “Let your money work through mutual funds” campaign, aiming to broaden investment culture and build quality investors, and finally strengthening the Thai capital market development,” Noppakao said.
“The success of this event proved that investors’ behavior has significantly changed during the past years. Currently, investors are more prudent to allocate funds into investment with discipline, as they understand the investment principles and policy by monitoring information and economic outlooks for long-term qualitative decision making. Moreover, they are more interested in equity funds, in addition to LTF, RMF and fixed income funds, because these funds are managed by professionals like fund managers, and likely to generate satisfactory returns for long-term investment in the future,” Noppakao added.
As of August 29, 2014, the total net asset value in the mutual fund industry was THB 3.75 trillion (approx. USD 117 billion), up 21.80 percent from a year earlier.