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The Stock Exchange of Thailand (SET) will list W.I.S.E-KTAM CSI 300 China Tracker, or ETF CHINA, an open-ended fund managed by Krung Thai Asset Management PCL. It is Thailand’s fourth ETF and the first with foreign securities as its underlying. The fund will list in Unit Trust Sector on November 22, using “CHINA” as its trading symbol. This new product aims at increasing investment alternatives to Thai investors. We are confident that it will receive great attention from both institutional and retail investors, revealed SET President Charamporn Jotikasthira.
“ETF China invests in W.I.S.E.-CSI 300 China Tracker, aiming at creating returns that are close to those of CSI 300, an index composed of 300 large securities on the Shanghai and Shenzhen exchanges,” said Mr. Charamporn.
“ETF China is SET’s first ETF that allows investors interested in foreign securities to trade conveniently and quickly using current trading access. It helps expand product coverage, which is in line with the SET’s policies in cooperating with asset management companies to promote more ETFs on the SET to increase investor alternatives. ETFs have become more popular recently in foreign exchanges, due to their convenience and diversity,” said Mr. Charamporn.
“CHINA was the result of cooperation between Krung Thai Asset Management PCL and well-accepted asset management companies that have experiences in managing ETFs. The main fund manager is BOCI-Prudential Asset Management Ltd., which received the “Best China A-Shares Award” for 2010 from Asian Investor. CHINA’s financial advisor is Polaris International Securities Investment Trust Co. Ltd., which specializes in the China, Hong Kong and Taiwan capital markets and received the “ETF Performance Award-Asia” from Asian Investor and “ETF Manager of the Year – Asia” from Asia Asset Management Magazine in 2009,” revealed Krung Thai Asset Management PCL Managing Director Somchai Boonnamsiri.
“ETF China provides investors with benefits from investing in China, which is the fastest-growing economy in the world. This fund will enable Thai investors to receive returns close to the movement of the underlying fund, which reflects index prices of securities in China,” added Mr. Somchai.
ETF China is managed by Krung Thai Asset Management PCL. Phatra Securities PC is participating dealer and market maker. Other participating dealers are Asia Plus Securities PCL, Bualuang Securities PCL, DBS Vickers (Thailand) Co., Ltd., KGI Securities PCL, and KT Zmico Securities Co., Ltd. Polaris International Securities Investment Trust Co., Ltd. is financial advisor and Thailand Securities Depository Co., Ltd. is registrar.
More information on W.I.S.E KTAM CSI 300 China Tracker and real time prices and stock price reports can be seen on Money Channel via True Visions, channel 178. For more details, please visit Krung Thai Asset Management PCL at www.ktam.co.th and www.set.or.th, www.settrade.com or call SET-Call-Center at 0 2229 2222.
