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The Stock Exchange of Thailand (SET) will list four exchange-traded funds (ETFs), which are Maybank US ETF (MUS), Maybank Euro ETF (MEU), Maybank Japan ETF (MJP) and Maybank Emerging ETF (MEM), on the main board on December 15, 2014. The fund, managed by Maybank Asset Management Co., Ltd., will boost investment opportunities for Thai investors to track returns following key global indices.
SET President Kesara Manchusree said, “The launch of ETFs is in line with SET’s aim to promote product diversification to capture investors’ demands as a way to diversify risks beyond local boundaries. The four ETFs cover various markets. The MUS tracks the performance of S&P 500 Index, consisting of top 500 large-cap US companies. The MEU is designed to track the performance of MSCI EMU Index, consisting of leading stocks in the European countries. The MJP invests in mid-cap and large-cap Japanese stocks with its returns tracking the MSCI Japan index. The MEM selects and holds mid-cap and large-cap stocks in emerging markets. It is expected to provide investment results closely corresponding to the performance of MSCI Emerging Index. The four ETFs contribute dividends at least once a year. In addition, they carry only 0.77 - 1.37 percent brokerage fees comparatively lower than general foreign investment mutual funds.”
The four ETFs are available for purchasing via account transaction brokerage like other Thai ETFs listed on SET. Investors can get Indicative NAV (iNAV), the real-time net asset value, calculated by Markit Group Limited, a global asset-valuation specialist. It has been designed to enable investors to compare ETF prices with the ETFs offered by market makers such as Commerzbank AG, an international professional market maker.
Maybank Kim Eng Securities CEO Triphon Phumiwasana said, “We provide these ETFs as investment options for investors who want to diversify into overseas markets to minimize risks. They have been receiving positive responses from both retail and institutional investors. As such, we strongly believe these four ETFs will gain popularity and benefit the Thai capital market.”
For more details, please visit Maybank Kim Eng Securities pcl at www.maybank-am.co.th and www.set.or.th .
