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Byline: Sriwipa Siripunyawit
Nov. 6--TMB Asset Management today will introduce two new retirement mutual funds, each expected to raise initial capital of 100 million baht each.
The company is entering the retirement mutual fund market through the launch of TMB Money RMF and TMB SET50 RMF.
TMB Money RMF is a money market fund, investing in low risk, short-term notes with a one-year maturity and longer-term floating rate notes. Expected returns are around 1.4 percent to 1.5 percent annually.
TMB SET50 RMF is a passive equity fund that mirrors the SET50 index of blue-chip stocks.
"Expected returns of this fund will then be tied ...
Source: HighBeam Research, Thai Asset Management Firm Launches Two Retirement Mutual Funds.