News

Thailand mutual fund assets grow in 2019

Grand_Palace_ThailandAssets in Thailand’s mutual funds industry have risen by 6.52% in 2019 thanks to the increased value of bonds and equities. Figures published by the Association of Investment Management Companies showed that assets reached $177 billion as of December, up from $163 billion in 2018. The rise in assets is also a clear increase on the growth in the previous year. Between January and September 2018, mutual funds grew by just 0.5%. One of the contributing factors in the growth of assets under management has been the performance of the domestic stock market – the stock index rose by 1.9% in 2019. Equity funds rose by 3.47% during the year, eclipsing the rise in fixed income funds, which grew by 3.19%. However, the biggest rise came from multi-asset funds that invested in both equites and bonds, which grew by 27.83%. There has also been an increase in the number of mutual funds in Thailand – from 1,649 in 2018 to 1,838 in 2019. ©2020 funds global asia

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