Business Services Industry
Mutual Funds Set to Flood Thai Market.
Knight Ridder/Tribune Business News, August, 2002
By Nuntawun Polkuamdee, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Aug. 12--Asset management firms are expected to launch a host of new retirement mutual funds in coming months, particularly fixed-income funds aimed at taking advantage of growing activity in the bond markets.
Fund managers say that with interest rates expected to edge even lower, the bond markets are expected to see a new resurgence in corporate debenture issues, particularly as equity markets remain volatile, both locally and overseas.
Since the start of the year, investments in equity funds have stood at around 27 billion baht, compared with 90 billion in fixed-income funds and 59 billion in balanced funds.
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