Trigger funds, one of the most popular types of mutual funds, have fallen mostly flat in terms of performance, with most still yet to reach their redemption targets.
Of 90 trigger funds launched last year with net assets of 38 billion baht, 56 funds with net assets of 28 billion baht carried over to 2014, according to Peet Yongvanich, managing director of Morningstar Research Thailand.
He said the average return for the funds was -12%. By the end of the first quarter, six of the 56 funds closed altogether with losses for investors, while 10 converted to normal open-ended equity funds.
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