One Asset launches flexible policy fund

One Asset Management launched a fund with a flexible policy that will mainly invest in bonds and some select stocks when the market has corrected sharply.

Called One-Flexactive, its target return is 5-7% in the next four months. An initial public offering is scheduled for Tuesday, with a minimum investment of 1,000 baht.

Chief executive Win Udomrachtavanich expects the company's assets under management will grow to 73 billion baht this year, up from 71 billion now, with a goal of 100 billion in three years.