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Asset Management Firm Plans New Foreign Fund to Target Asia-Pacific Region.

Bangkok Post (Bangkok, Thailand)

| April 02, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Sriwipa Siripunyawit

Apr. 2--MFC Asset Management Plc is preparing to offer a new Global Bond foreign investment fund by initially focusing on countries in the Asia-Pacific region in order to diversify currency risk, according to president Pichit Akrathit.

The company's second foreign investment fund (FIF), to be launched by mid-May, will be co-managed by Nikko Global Asset Management Group in Singapore. It will invest mainly in state-enterprise bonds in regional markets including Korea, Hong Kong, Malaysia, Singapore, Australia and New Zealand.

"And we will continue seeking more investment opportunities globally," said Mr Pichit, ...

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Source: HighBeam Research, Asset Management Firm Plans New Foreign Fund to Target Asia-Pacific...