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MFC plans first 'social responsibility' fund.

Bangkok Post (Bangkok, Thailand)

| June 04, 2005 | COPYRIGHT 2005 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

Byline: Ploy Chitsomboon

Jun. 4--MFC Asset Management Plc next month plans to introduce the first "socially responsible" fund to be offered in Thailand.

The aim of the MFC Environmentally and Socially Responsible Investment Fund is to generate sustainable returns while also supporting companies that gave a priority to "social investment", according to president Pichit Akrathit.

"Socially responsible investment is still very much a niche market in Thailand. We hope that the new fund is something that will help lead to growth in the future," he said yesterday.

The open-ended fund will have the flexibility to switching assets between ...

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Source: HighBeam Research, MFC plans first 'social responsibility' fund.

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