The Stock Exchange of Thailand (SET) will hold “Mutual Fund Fair@Siam Paragon” on July 7-10 encouraging investors to boost returns and diversify risks into various kind of funds. This fair is being organized together with the Association of Investment Management Companies (AIMC) and 18 asset management firms,
“Mutual funds are growing as investors are becoming increasingly interested in alternatives for their funds. The industry still has room to grow from 2010, when it had 2.45 million accounts in mutual funds, particularly after the Deposit Protection Agency Act affects savings this August,” said SET Chief Marketing Officer Pakorn Peetathawatchai.
Investment through mutual funds accounted for 44 percent of Thailand’s household savings and net assets of mutual funds were 20 percent of GDP at end-2010. These figures showed robust increases comparing with end- 2000, when the figures were 11 and 7 percent, respectively.
Voravan Tarapoom, chairperson of AIMC said: “To succeed, investors must know how to choose funds that suit their needs. So, this event will be a good opportunity for them to access full information from fund advisors and evaluate portfolio alternatives of various risk levels.”
This event will also feature seminars to provide investment knowledge and portfolio management techniques. There are more than 1,295 funds offered in this event, such as in fixed income, equities and property. Offerings include newly- launched funds such as IPO and target funds. Participants can also use advisory services for tax incentive funds such as long-term equity and retirement mutual funds.
The annual event promotes mutual funds under the slogan “Let your money work through mutual funds.”