Despite unfavourable market conditions from the political impasse in the first five months of this year, the mutual fund industry's assets under management (AUM) expanded 17% thanks to low interest rates.
They surged 500 billion baht from the end of last year, said UOB Asset Management (UOBAM) chief executive Vana Bulbon. Of that figure, 60% was in money market and fixed income funds while 40% was in equity, property and other funds.
According to the Association of Investment Management Companies, total AUM amounted to 4.77 trillion baht, with 3.5 trillion for mutual funds, 490 billion for private funds and 780 billion for provident funds.
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