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The Stock Exchange of Thailand (SET), together with asset management firms, will hold the “Last-Minute Tax Saving via LTF-RMF” investment fair on December 15-18 to offer tax-incentive funds, which are long-term equity funds (LTFs) and retirement mutual funds (RMFs), and other mutual funds as well as investment advice service to investors.
The event will be held at Central World Shopping Center, Bangkok, and offer 1,300 mutual funds, including 150 LTFs and RMFs, from 18 asset management firms. They will also offer investment advice, tax calculation service, and fund analysis.
“Investors are increasingly choosing mutual funds as their savings and investment alternatives. In the first half of this year, unit holders rose by 260,820 accounts, or 10.60 percent, from the end of 2010, due partly to the project ‘Let Your Money Work Through Mutual Funds’ in which the SET and Association of Investment Management Companies (AIMC) have worked together to build knowledge and campaigns for savers and investors over the past nine years. This fair, held for seven consecutive years, is a part of the project and has been well-received by visitors every year. Investors use not only tax-incentive funds but other fund types to diversify risks and boost returns,” SET Chief Marketing Officer Pakorn Peetathawatchai noted.
Vorawan Tarapoom, President of AIMC, said: “As of December 2, total assets under management in the industry was at THB 2.02 trillion (approx. USD 65.2 billion). Of the amount, THB 84.67 billion (USD 2.73 billion) was from 99 RMFs and THB 134.61 billion (USD 4.34 billion) was from 52 LTFs. The two fund types are expected to have more volumes by the end of this year. Although, the overall investment atmosphere so far has been hit by fears of European debt, the U.S. economic slowdown and Thailand’s floods, positive signals cheered by global economy and strong Thailand’s finances should boost investment sentiment and attract investors.”
