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The “Last-Minute Tax Saving via LTF-RMF” investment fair will be held on December 16–19 at The Stock Exchange of Thailand (SET) Building to showcase investment opportunities as last-minute deals before year-end. This fair is held by ‘Let Your Money Work Through Mutual Funds’ Project, supported by the SET and Association of Investment Management Companies (AIMC) and individual asset management companies. Investors will also gain from seminars on in-depth industry trends, plus tips on analyzing funds performance.
“The SET has recognized the importance of investor education and of providing investors with more investment channels, which is why mutual funds are gaining more popularity”, noted SET Chief Marketing Officer Pakorn Peetathawatchai. ““The Last-Minute Tax Saving Via LTF-RMF” Fair has been held for six consecutive years, gaining in number of participants and transaction value each year. This year’s event will focus on providing in-depth information so that investors can invest more prudently.”
Ms. Vorawan Tarapoom, President of AIMC, said “Mutual funds have been growing in net asset value and the number of unitholders. As of December 9, 2010, the mutual fund industry recorded total assets under management of THB1.99 trillion (approx USD 66.29 billion), including 90 retirement mutual funds (RMFs) worth THB72.63 billion (approx USD 2.42 billion) and 52 long-term equity funds (LTFs) worth THB116.81 billion (approx USD 3.89 billion). With regard to unitholders, as of June 2010, there were a total of 2.42 million accounts, increasing slightly by 1.12% from end-2009. The number of RMF accounts increased by 1.5% to 259,787 accounts from end-2009, while LTFs rose by 10.5% to 423,039 accounts. It is typical that investors will make investment decisions on these tax-saving funds around year-end, hence at end 2010 we expect a sharp increase over June 2010. The 5-year average rate of returns as of December 3, 2010 were 85.24% and 80.28%, for RMFs and LTFs respectively, while the SET Index increased by 48.20%. To further promote investment, we will focus on financial literacy, instead of promoting only the tax benefits from these funds. This approach should enable investors to better manage their finances and select funds suited their needs, which may not necessarily be limited to only LTFs and RMFs. There are other types of funds that may yield similar attractive returns.”
This fair is scheduled for December 16 – 19 at the SET Building on Rachadapisek Road, Bangkok. Leading 15 asset management firms will offer attractive promotions for RMF-LTF investment, investment advice, and tips on fund analysis.
Investors are invited to join “Fund Selection Tips from Fund Managers” session, conducted by top fund managers listed by Morning Star Thailand at 14.00 – 15.30 hrs. on all four days of the event.
Other seminars will feature money management tips: Saturday December 18 will feature “Thai mutual fund trends in 2011”, while Sunday December 19 will feature “Professional selection of LTFs”. For more information, please call S-E-T Call Center at 0 2229 2222 or visit www.thaimutualfundnews.com
