13 asset firms to offer extra units - News Summed Up

13 asset firms to offer extra units


13 asset firms to offer extra unitsA total asset value worth 60 billion baht for the "Super Savings Fund extra", offered by 13 asset management companies, is expected to help shore up investment volume in Thailand's stock market, says the Association of Investment Management Companies (AIMC). Of the 15 asset management companies offering Super Savings Fund investment units, which are separated into a total of 20 Super Savings Fund extra and 52 Super Savings Fund regular units, 13 asset management companies are prepared to offer extra unit purchases tomorrow, said AIMC chairman Vasin Vanichvoranun. The Securities and Exchange Commission approved 17 Super Savings Fund extra assets as of March 30. The Finance Ministry will be asked to extend the unit purchase period for Super Savings Fund extra given the bourse has deteriorated further, he said. Super Savings Fund investment conditions are more relaxed than those for LTFs, as Super Savings Fund units can invest in any assets, while LTFs stipulate equities as the major investment asset.


Source: Bangkok Post March 30, 2020 20:15 UTC



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