K-Asset keen on B1 trillion

K-Asset keen on B1 trillion

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.

K-Asset projects it will grow in line with the industry this year, and it plans to focus on global bond funds, which offer a higher return than local bonds and enable investors to diversify their risks through various markets and products.

Mr Chongrak said the global downturn had been eased somewhat through monetary policies that increase liquidity in the economic system, and though concerns remain, the market will continue to be bullish Asia stocks.

For Thailand, stock, gold, property and infrastructure funds are attractive assets, he noted.

He suggests investors hold medium-term debt instruments as interest rates decline.

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