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Since February Thai Fund Invests Nearly One Billion Baht in Ten Listed Firms.

Bangkok Post (Bangkok, Thailand)

| April 02, 2002 | COPYRIGHT 2002 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

Apr. 2--The Thailand Opportunity Fund has invested a total of nearly one billion baht in 10 listed companies since being established in late February, according to Vichate Tantiwanich, managing director of Krung Thai Asset Management.

KTAM is managing the opportunity fund, with the Government Pension Fund serving as an adviser.

The fund has received nearly eight billion baht in commitments from the GPF, Krung Thai Bank and the Stock Exchange of Thailand, and is expected to grow to 10 billion baht from contributions from other Thai companies and institutional investors.

Mr Vichate said the fund expected annual returns of 15-20 percent averaged ...

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