Thai bourse first launches mutual fund roadshow in Japan

Stocks and Financial Services Press Releases Friday September 16, 2016 11:17
Bangkok--16 Sep--SET

The Stock Exchange of Thailand (SET), The Securities and Exchange Commission (SEC) and Association of Investment Management Companies (AIMC) will organize the first "Thailand-Japan Fund Roadshow", at Tokyo Stock Exchange, Japan on September 16, 2016, aiming to expandforeign investor base in Japan, with 11 Thai asset management companies presenting Japanese fund managers the Thai mutual funds' strengths and encouraging more investment in Thai capital market.

The fund roadshow, under the Asia Region Funds Passport (ARFP) initiative, is also a unique platform for executives from both Thai and Japanese asset management firms to exchange views, build network and create tremendous benefits to the mutual fund industries.

SET President Kesara Manchusree said, "Thailand-Japan Fund Roadshow aims to promote the strong growth with various investment features of the Thai mutual fund industry with assets under management rising 13.23 percent from end-2015 to THB 4.60 trillion (USD 131.34 billion) at the end of August 2016, while an average return of equity fund in the past seven years at 15.30 percent annually."

"The roadshow is part of the ARFP initiative, in which the SEC cooperated with four regulators from the Public of Korea, Japan, New Zealand and Australia to facilitate mutual fund cross-border offerings among participating countries by exploring a regionwide working platform and regulations. ARFP, once implemented, will promote wider market linkage and offer wider investment alternatives for investors," Kesara added.

SEC Secretary-General Rapee Sucharitakul said, "The SEC is delightful that related parties in Thai capital market are instrumental in the cross-border offerings of mutual funds which can open opportunities for Thai mutual fund firms to expand market to participating countries. Education on relevant regulations will be provided to stakeholders so as to support the implementation, enabling them to utilize what SEC and other regulators is putting efforts to make this cooperation successfully."

Significantly, the keynote speech from SET, the SEC and AIMC top executives will highlight the country's economic environment, capital market and mutual fund industry outlook, as well as ARFP opportunities for participating capital markets, mutual fund industries and investors, while 11 asset management firms will present their information and business potential to Japanese institutional investors to create investor's confidence.

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