Top fund players charmed by Thailand

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bahtPart of Southeast Asia’s combined economic might of $2.3 trillion, Thailand has curried favour with some of the world’s top fund investors as overseas players look to shift away from decelerating growth in India and China.

Mark Mobius, for example, has more than one-fourth of his $18 billion Templeton Asian Growth fund, the biggest in the region, invested in Thailand.

An equity fund managed by Japan’s Daiwa Asset Management collected nearly $300 million last month, the highest one-month haul by a Thai-dedicated equity fund in almost six years, data from fund tracker Lipper, a Thomson Reuters company, showed.

Thailand’s offshore equity funds attracted $550 million in February 2013, the highest net monthly inflow seen since July 2007, Lipper also reported.

Foreign investors have increasingly shifted towards Thailand, lured by healthy returns from the strengthening Thai baht, already up 4 per cent in 2013, which stood at its highest against the greenback since the 1997 Asian financial crisis in March.

As the bullish trajectory continues at the Stock Exchange of Thailand, Asia’s best performing bourse in 2012 by market capitalisation, foreign investors will be encouraged to continue seeking to buy shares to capitalise on the strengthening baht.

According to the Thai government, 55 government-funded infrastructure projects worth $76.27 billion are set to be executed by 2020, with $3.36 billion allocated for 2013, further boosting investor sentiment.

 

 

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Reading Time: 1 minute

Part of Southeast Asia’s combined economic might of $2.3 trillion, Thailand has curried favour with some of the world’s top fund investors as overseas players look to shift away from decelerating growth in India and China.

Reading Time: 1 minute

bahtPart of Southeast Asia’s combined economic might of $2.3 trillion, Thailand has curried favour with some of the world’s top fund investors as overseas players look to shift away from decelerating growth in India and China.

Mark Mobius, for example, has more than one-fourth of his $18 billion Templeton Asian Growth fund, the biggest in the region, invested in Thailand.

An equity fund managed by Japan’s Daiwa Asset Management collected nearly $300 million last month, the highest one-month haul by a Thai-dedicated equity fund in almost six years, data from fund tracker Lipper, a Thomson Reuters company, showed.

Thailand’s offshore equity funds attracted $550 million in February 2013, the highest net monthly inflow seen since July 2007, Lipper also reported.

Foreign investors have increasingly shifted towards Thailand, lured by healthy returns from the strengthening Thai baht, already up 4 per cent in 2013, which stood at its highest against the greenback since the 1997 Asian financial crisis in March.

As the bullish trajectory continues at the Stock Exchange of Thailand, Asia’s best performing bourse in 2012 by market capitalisation, foreign investors will be encouraged to continue seeking to buy shares to capitalise on the strengthening baht.

According to the Thai government, 55 government-funded infrastructure projects worth $76.27 billion are set to be executed by 2020, with $3.36 billion allocated for 2013, further boosting investor sentiment.

 

 

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