The mutual fund industry is likely to grow another 10% this year, following 2012 gains of 25.5%, thanks to massive fund inflows and a bullish market, says Peet Yongvanich, managing director of Morningstar Thailand.
He said the outlook remains bright this year, but the fund industry should not have drastic growth.
After underperforming in 2011, Thai equity funds became one of the best global performers last year. That momentum should continue at a slower pace in 2013, he said.
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