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Byline: Nuntawun Polkuamdee
Nov. 7--Rising interest rates will force fund managers to become more innovative in product design to draw new capital, according to Teeraphan Jittalarn, chief investment officer and senior vice-president at Krungthai Asset Management.
Competition for deposits is likely to rise in the future as the economy continues to grow, potentially drawing cash from the capital market and funds.
Mr Teeraphan said banks traditionally have held an advantage over mutual funds in the competition for capital, given that the government guarantees most deposits. While, fund managers face the heavy task of convincing clients to invest ...