(From Thai Press Reports)
Section: Corporate News - MFC Asset Management expects that the net asset value of its foreign investment funds will reach US$100 million, or around four billion baht, by the end of this year, the Bangkok Post reports.
The company currently runs two foreign investment funds with combined assets of $35 million, and plans to open another three funds over the next few months.
The first new fund to be launched is the $10-million MFC Global Alpha Fund (MGA), which will have its initial public offering from Oct 27 to Nov 11 and require a minimum investment of 10,000 baht.
The other two new funds will focus mainly on …