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Investors Back Mutual Funds, Give 7.7 Billion Baht Boost to Market.
Jul. 1--Investors are gaining a better understanding of how mutual funds operate, paving the way for business growth, according to Ayudhya JF Asset Management.
During the first half of this year, 7.7 billion baht was invested in the industry's fixed-income funds, said the company's managing director, Reungvit Nandha-biwat.
"Prospective investors understand more about mutual funds. They are optimistic about the development of the Thai capital market as well as economic improvements. This will encourage them to invest later this year," he said.
In general, yields from fixed-income funds are higher than bank deposit interest of 1.75-2 percent.
...- Investors Back Mutual Funds, Give 7.7 Billion Baht Boost to Market.
- Newspaper article from: Knight Ridder/Tribune Business News July 1, 2002 700+ words
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Source: HighBeam Research, Investors Back Mutual Funds, Give 7.7 Billion Baht Boost to Market.