Offshore fund flight on the cards | Bangkok Post: business

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Offshore fund flight on the cards

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At least 100 billion baht in net offshore funds is expected to flee the Thai bond market this year, pressured by local political tensions, the gloomy economic outlook, a potential sovereign rating cut and the US Federal Reserve's tapering of asset purchases, says the Thai Bond Market Association (TBMA). 

President Niwat Kanjanaphoomin said foreign investors in the Thai bond market registered a net outflow of 30.2 billion baht in the January-March period.

They yanked money from long-term paper but still accumulated short-term notes, he said.

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