AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Thai Finance Company to Sell Exclusively Thai Fund Units Abroad.
Oct. 4--BoA Asset Management yesterday announced it will begin selling mutual fund units invested solely in Thai equities to foreign investors by the end of the year.
The company, a wholly owned subsidiary of Bank of Asia ABN Amro, will upgrade its existing equity fund, Kamrai Permpoon, to sell the units to institutional investors overseas.
Adisorn Sernchaiwong, chief executive of BoA Asset Management, said the Kamrai Permpoon fund currently had assets of about 200 million baht.
"We're working on details of money transfers to and from abroad with the Bank of Thailand. After everything is settled, we will attract foreign investment in the Stock Exchange of Thailand through our equity fund," he said.
BoA Asset Management is confident it will tap US$20-30 million to invest in this equity fund in the next 12 months. It will sell the units through the network of ABN Amro Asset Management in Europe and Asia.
Earlier, the asset management company received what is called a very good response to a survey that gauged the interest of overseas investors in the stock market.
"The Thai stock bourse, when compared with others in this region, still has a chance to rebound in the next 6-12 months as it has few technology stocks. The impact from the ...
- BOA Asset leads elite field.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 24, 2005 700+ words
Mar. 24--BOA Asset Management emerged as the big winner yesterday...the past three years. National Asset Management took the top prizes for the best...best bond fund group. Kasikorn Asset Management won the best mixed asset group...
- Thai Bank Expands Role in Asset Management.
- Newspaper article from: Knight Ridder/Tribune Business News July 15, 2003 700+ words
...recently decided to strengthen its asset management and fund investment policy...inactivity. Last year, SCB Asset Management hired away Adisorn Sermchaiwong as president from BoA Asset Management to help oversee the restructuring...
- Thai asset management firm's fund arm foresees 40 percent growth.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) January 13, 2005 700+ words
...Chitsomboon Jan. 13--BOA Asset Management expects assets under its...features. Vana Bulbon, BOA Asset Management's chief executive, said...percent at 4.4 billion baht. BOA Asset Management is planning to launch several...
- Thai board of asset management to launch Wealthy Treasury Fund II.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) December 20, 2004 700+ words
Dec. 20--BoA Asset Management plans to launch Wealthy Treasury Fund II after the success of the...public debt instruments. Vana Bulbon, chief executive officer of BoA Asset, said the new fund was expected to receive strong investor interest...
- Funds win approval to place US$280m abroad.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) April 25, 2005 700+ words
...Thanathon Asset Management, MFC Asset Management, ING Mutual Fund (Thailand), Krungthai Asset Management, SCB Asset Management, BOA Asset Management, National Asset Management, Kasikorn Asset Management and Tisco ...
- Thai Mutual Fund Firms Seek Freer Hand.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) October 18, 2002 700+ words
...firms -- Krung Thai Asset Management, MFC Asset Management and BOA Asset Management -- now in the process of recruiting new managing...while Adisorn Sermchaiwong, former head at BOA Asset Management, has now been named managing director of...
- Thai Government Appoints Six Companies to Oversee Part of State Pension Fund.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) October 23, 2003 700+ words
...fixed-income securities and 20 percent in equities. For equity investments, Kasikorn Asset Management, Ayudhya JF Asset Management and BOA Asset Management will oversee total assets of 6.6 billion baht for the GPF. The GPF selected Kasikorn...
- Low Interest Rates in Thailand Help Alternatives.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) June 13, 2002 700+ words
...RMFs: Thai Farmers Asset Management, One Asset Management, Tisco Asset Management, SCB Asset Management, National Asset Management and BOA Asset Management. RMFs are available with different strategies to cater to various needs. Some ...