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The Stock Exchange of Thailand (SET), together with Morningstar Research (Thailand) Ltd. and Association of Investment Management Companies (AIMC), announced the winners of the annual “SET & Morningstar Thailand Fund Awards”, now being held for the fifth consecutive year, to enhance and develop Thailand’s fund industry.
SET Executive Vice President Kesara Manchusree said that investment in mutual funds has drastically helped boost Thai capital market growth. SET has supported the fund industry in many aspects in the past, including expanding investment opportunity, educational know-how, and jointly developing investment products such as equity mutual funds, property funds, infrastructure funds and exchange-traded funds. In addition, SET has supported offering more sophisticated investment choices and developing Thailand’s capital market to be aligned with products available overseas. For 2014, SET initiated two more awards, namely SET Excellence Awards for Exchange-traded Fund House and Property Fund & Real Estate Investment Trust (REIT) House. Currently, ETFs have net asset under management of THB 5.68 billion (USD 175 million), while market capitalization of property funds and REITs is worth a combined THB 244.53 billion (USD 7.52 billion).
Somjin Sornpaisarn, AIMC Chairman, stated that the latest studies and global mutual fund ranking showed that Thailand’s mutual fund industry was third in terms of quality, behind only Singapore and United States, gaining the highest score in rules, surveillance and information disclosure transparency. These resulted from excellent cooperation from all parties seeking to benefit investors. Funds have grown continuously, with more than THB 3 trillion net asset values and 3.7 million accounts of unit holders in the whole industry. Morningstar’s role in collecting data and analyzing fund features in terms of long-term return and risk has been a great advantage to investors and fund managers. Research studies are indispensable for fund firms to probe investment insights and continuously maintain quality services for investors.”
Peet Yongvanich, Managing Director of Morningstar Research (Thailand) Ltd., a subsidiary of Monrningstar Inc., a global leading provider of independent investment research, indicated that the seven awards were granted for both equity and fixed income funds. Winners were selected via rigorous criteria using risk-adjusted performance in 2013 and five-year performance history, considering return and risk with qualitative methodology, transparency of fund managers and consistency of investment strategy, the same measures used by Morningstar globally.
The winners of SET & Morningstar Thailand Fund Awards 2014 are:
SET Excellence Awards 2014
ETF House – Krung Thai Asset Management pcl
Property Fund & REITs House – SCB Asset Management Co., Ltd.
Morningstar Thailand Fund Awards 2014
- Equity Fund Awards
o Thailand Equity General Fund – Aberdeen Small Cap Fund by Aberdeen Asset Management Co., Ltd.
o Thailand Equity Large Cap Fund – Perm Poon Sub Dividend Fund by Thanachart Fund Management Co., Ltd.
- Bond Fund Awards
o Thailand Mid/Long Term Bond Fund – Krungsri Medium Term Fixed Income Dividend Fund by Krungsri Fund Management Co., Ltd.
o Thailand Short Term Bond Fund – Thanasarn Open End Fund by Thanachart Fund Management Co., Ltd.
- Long-Term Equity Fund and Retirement Mutual Fund Awards
o Long Term Equity Fund – Big Cap Dividend Long Term Equity Fund by UOB Asset Management (Thailand) Co., Ltd.
o Retirement Mutual Fund – Equity – Equity Retirement Mutual Fund by UOB Asset Management (Thailand) Co., Ltd.
o Retirement Mutual Fund – Fixed Income – Bualuang Fixed-Income RMF by BBL Asset Management Co., Ltd.
