INVESTING
Krungsri Asset eyes 20% growth
- Published: 22 Feb 2013 at 00.00
- Newspaper section: Business
Krungsri Asset Management, a unit of Bank of Ayudhya (BAY), targets growth of assets under management (AUM) of 20% to 185 billion baht, adding 165,000 accounts this year.
The company finished 2012 with AUM of 153 billion baht, up by 45% from 2011 and beating the industry average of 21%.
Mutual funds hold the bulk of the assets at about 100 billion baht, with private fund business at 30 billion and the rest provident fund business.
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