Bangkok--17 Nov--SET
The Stock Exchange of Thailand (SET)'s Capital Market Research Institute (CMRI) today held its annual 2016 awards ceremony for best capital market research to promote wide-ranging research studies that can further develop the Thai capital market towards sustainability.
This year, Suchaya Siamwalla, a graduate from Martin De Tour School of Management and Economics, Assumption University, received the best award for her research entitled "Risk and return in the equity mutual fund industry: An unorthodox relationship and its application to new investment strategies".
SET Senior Executive Vice President Pakorn Peetathawatchai, said that global capital market was currently undergoing continual development with innovations which could benefit the capital market ecosystem. Today's era of big data using technology to compile, process, and analyze vast amounts of information from multiple sources has enabled us to accomplish in-depth studies and research for capital markets. Research results could become powerful tools to continuously develop the capital market, both in policy formulation and strategy as well as in the development of new products and services to meet investors' needs. This in turn can increase SET's presence in the world-class capital market.
"For more than five years, SET has focused on promoting capital market research by providing graduate-level research grants in collaboration with educational institutions in selecting the outstanding research projects on capital markets. Each year experts in the field give advice and guidance. This ensures the quality and professionalism of the innovative research results taking an essential role to enhance the quality of Thailand's capital market," added Pakorn.
The 2016 award winning research studied the relationship between risk and return of Thai equity mutual funds during 2003-2012. The findings showed that the "High-risk, High-return" investment model was not always accurate, while "Low-risk, High-return" investing was possible. However, this depends on many factors and investment strategies. The work also offered three investment strategies to generate above-average returns.
At the event, four other awards were also presented: one "Outstanding Award", two "Consolation Awards", and one "Popular Vote Award" chosen by capital market professionals.
For details on the CMRI award-winning research, please visit: www.set.or.th/setresearch .