Bangkok--Jul 5--SET
The “Enjoy Tax Privileges Today With LTFs” Fair Drew THB140 Mln. in Investments & Plenty of Clients for Fund Managers, and Encourages the Current Investment & Money Management Trends to Continue Until Year-End
Mrs. Nongram Wongwanich, the President of the Thailand Securities Depository Co. Ltd. (TSD), announced that the “Enjoy Tax Privileges Today with LTFs” fair was a success as it was unbelievably packed by an interested public. Participating asset management firms were satisfied with positive responses they received from clients. Based on the results of this event, interest in investment and tax planning should continue through the end of this year. The “Enjoy Tax Privileges Today with LTFs” was hosted by the TSD, the SET and the ‘Let Your Money Work Through Mutual Funds’ project.
There were over 4,000 attendees at the Fair over the 3-day period of July 1 — 3. The total investment in the long-term equity funds (LTFs) was recorded at a satisfactory THB140 mln. People participating in the Fair came from both the existing group of regular investors and from newcomers who’re looking for new investment opportunities while the interest rates are currently low. They considered the LTFs as a good alternative for managing their assets and personal income tax, which is especially important now as inflation is currently on an upward trend. People are looking to have more choices to help them manage their incomes and savings more efficiently.
All 18 asset management companies participated in the Fair. Participants were Aberdeen Asset Management, Asset Plus Fund Management, Ayudhya JF Asset Management, BBL Asset Management, BOA Asset Management, BT Asset Management, Finansa Asset Management, ING Funds (Thailand), Kasikorn Asset Management, Krung Thai Asset Management Plc., MFC Asset Management Pcl., One Asset Management, PrimaVest Asset Management, SCB Asset Management, Siam City Asset Management, Thanachart Fund Management, TISCO Asset Management, and TMB Asset Management Co., Ltd.
These companies attracted so many visitors and clients that they had to increase their staff numbers and available materials to handle the big rush. This reflects a stronger confidence by the people about how the stock trend will go for the 2H/2005.
An important seminar session on, July 3, the Fair’s last day, entitled “Invest Easily and Get Double Profits with LTFs” was so well-received that the organizers had to arrange for more closed-circuit TV monitors so that all interested parties would have an opportunity to hear and view the session. The guest speakers were Dr. Suvarn Valaisathien and Dr. Nivet Hemvajiravarakorn and the session was moderated by Dr. Paiboon Seriviwattana.
“Judging from the number of visitors and the interest they exhibited at the Fair, we determined that many people are either already investing or are considering doing so, thus their need to acquire more information. The THB140 mln. in new account openings that occurred during the Fair are a good starting point for an emerging trend of stock investment and income management through LTFs. This new wave of interest in LTFs is expected to continue through the end of this year, as people can utilize LTFs to help them with their tax planning,” Ms. Nongram concluded.
For more information,
please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036
Kulvida Jintakawong Tel: 0-2229-2037
Nattaporn Boonprapa Tel: 0-2229-2049
Watsamon Saowakhonsathien Tel: 0-2229-2797 End.