Bangkok--22 Jun--SET
The ThaiDex FTSE SET Large Cap ETF, or TFTSE, is the third ETF of the Thai capital market, and will have its IPO in late-July. This ETF is supported by The Stock Exchange of Thailand (SET) and established by One Asset Management Ltd and co-managed by KGI Securities (Thailand) PCL.
“The FTSE SET Large Cap ETF is a major development in using the FTSE SET Index Series to issue a new financial instrument. TFTSE will be the first ETF that has FTSE SET Index series as its underlying asset and will be the third ETF listed on the Thai bourse. TFTSE reflects SET large cap stocks, consisting of the selected 30 stocks with the highest market capitalization that are appropriate to use as a benchmark for large cap stock investment in Thailand. SET has strong confidence that the FTSE Large Cap ETF will receive great attention from investors and help increase product variety to effectively respond to investor needs,” revealed SET President Patareeya Benjapolchai.
“TFTSE is an open-ended fund with the FTSE SET Large Cap Index as its underlying asset. The fund has KGI Securities (Thailand) PCL as market maker and other six securities firms as participating dealers: Bualuang Securities PCL, Citicorp Securities (Thailand) Limited, KGI Securities (Thailand) PCL, Kim Eng (Thailand) PCL, Thanachart Securities PCL, and Tisco Securities Co., Ltd.,” said Dr. Somjin Sornpaisarn, Managing Director of One Asset Management Ltd.
“TFTSE’s value will be calculated on a real-time basis, and investors can trade TFTSE like a stock on the Thai bourse. TFTSE has diversified its investment among 30 stocks, with 35% from banks, 25% from oil and gas, and 9% from mobile telecommunications. TFTSE suits investors who need to manage their risk from stock investment. It increases diversification of products, attracting new investors and stimulating trading,” said Mr. Somjin.
ETF is popular overseas, with swift and sustained rises in asset under management. Worldwide, over 3,300 ETFs are listed, with a total asset of THB35 trillion altogether. An ETF is an efficient type of investment, helping investors manage their portfolio under low cost, while having high liquidity and ease of trading. The Securities and Exchange Comission (SEC) is currently considering TFTSE’s application for approval to be established and managed by One Asset Mgt. Its IPO should be in late July.
For more information, please contact Marketing Department, One Asset Management Limited at 0 2659 8888 or www.one-asset.com.
For more information, please contact S-E-T Call Center 0 2229 2222
Press office, please contact Public Relations Unit, the Corporate Communications Dept.: Ladawan Kantawong Tel: 0-2229-2036 / Kanokwan Khemmalai Tel: 0-2229-2048 / Panitee Chatpolarak Tel: 0-2229-2792