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May 2--One Asset Investment will become the first of five local fund management firms to offer foreign investment funds to the public, with the opening for subscription today of its global balanced fund.
Local investors have expressed high interest in FIFs as the first legal opportunity to hedge country risk by purchasing foreign stocks and bonds.
Authorities have approved the launch of five FIFs this year, each up to $40 million in size and emphasising a different investment strategy.
One Asset's FIF will invest at least 35 percent of its assets in bonds and 35 percent in stocks, with the remainder moving from one category to the other based ...
Source: HighBeam Research, Thailand Firm First to Offer Foreign Investment Funds.