Kasikorn Asset Management (K-Asset) projects assets under management will reach 1 trillion baht this year, maintaining its top market position in terms of asset size.
K-Asset is also bullish on the Thai stock market reaching 1,550 to 1,600 points, with healthy 20% growth of listed companies thanks to the strong economy and the expected benefits from the Asean Economic Community (AEC) in 2016.
Newly appointed executive chairman Chongrak Rattanapian said K-Asset's total assets under management last year were up 15% from the previous year to 850 billion baht. Some 635 billion was in mutual funds, up 20% from 2011, while provident funds stood at 150 billion, rising 15%, and private funds were at 60 billion, down 20% but still the market leader.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.