Krungthai Asset launches new fund to ride economic recovery
Krungthai Asset Management (KTAM) has launched the initial public offering (IPO) of the Krung Thai Trigger Fund 4 (KT-TRIG4), claiming that the economic recovery was the fund’s supporting factor.
The IPO opened on Tuesday and closes on Thursday.
Chavinda Hanratanakool, KTAM's chief executive officer, explained that stock markets worldwide, including the Stock Exchange of Thailand, had risen by 30 per cent since March 2020 after the global economy was hit by the Covid-19 crisis.
The situation was a factor in support an investment in the KT-TRIG4, whose IPO is open until October 8, she said. The minimum investment is Bt10,000, but investors cannot sell the unit back in the first six months after the purchase.
The CEO said that the money invested in the KT-TRIG4 would be invested further in equity instruments, hybrid instruments, bonds, deposits, and other securities or assets approved by the Securities and Exchange Commission (SEC).
The fund manager can adjust a proportion of investment freely, according to different market situations.
The fund manager will cancel the fund and buy the units back within five working days, in case the value of each unit is Bt10.55 for consecutives three days.
Further information can be found here