"The Thai Opportunity Fund, promoted and supported by the SET, will be about 10 billion baht in size and will draw funds from public, state-owned, and/or private institutional investors, and will target securities that yield appropriate returns at acceptable levels of risk. These investments will be both listed securities as well as non-listed securities of private firms and privatized SOEs that are being prepared to list on the Exchange. With this investment policy and the government's support, we are confident that the Fund will benefit the Capital Markets and the economy overall, as well as promoting investor confidence in securities investment," Mr. Kittiratt said.
The President and CEO of Krung Thai Asset Management, Mr. Vichate Tantiwanich, speaking as the Thai Opportunity Fund Asset Management Firm, stated that "the Fund will invest in both existing listed securities and securities that are going to list on the Exchange, which have sound fundamentals and good growth potential. These potential new listings will be acquired through either initial public offerings or private placements. The Fund will be available for redemption at the end of the first three years and will pay dividends according to resolutions pasted by meetings of the Unit Trust holders, the Fund's Unit Trust will be available to investors on February 20th."
The Thai Opportunity Fund will be comprised of twelve main investors: the Stock Exchange of Thailand, Krung Thai Bank Plc., the Government Pension Fund, TSFC Securities Limited, Electricity Generating Plc., Nam Seng Insurance Plc., Muang Thai Life Assurance Co.Ltd., Thaivivat Insurance Co. Ltd., Tisco Securities, Siam City Bank Plc., Bangkok Metropolitan Bank Plc.and Bankthai Plc.. The Krung Thai Asset Management will be the Asset Management Firm, with Siam Commercial Bank acting as trustee, while the Government Pension Fund will serve as its advisor.
