RETAIL FUNDS | Cesar Tordesillas, Thailand

Another good year expected for Thai mutual funds

Thailand's mutual-fund industry is expected to increase by at least 10 per cent this year.

It grew 25.53 per cent to Bt2.61 trillion in net asset value (NAV) last year.

The expedcted growth in 2013 is mainly due to high liquidity, the Association of Investment Management Companies said yesterday.

AIMC chief executive officer Sathapana Leoprapai said fixed-income funds had witnessed the sector's highest NAV of about Bt1.58 trillion, accounting for 60 per cent of total funds last year. The NAV of equity funds amounted to Bt569 billion, or 22 percent.

Some 704 new fixed-income funds were launched during the year, worth Bt1.34 trillion combined. Of the total, 90 per cent went to those replacing expired funds.

Fifty-seven equity funds, most of which were trigger funds, were launched in the year with an overall value of Bt16.68 billion.

"Growth in fund management came mainly from fixed-income funds. The 2013 factors do not differ much from the previous year, and liquidity remains high. It is possible to see mutual-fund business growing by more than 10 percent on average," said the chief executive.

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