• 
• 

Published on September 15, 2007

Executive vice chairwoman Wiwan Tharahirunchote expects annual growth to reach 15 per cent - 5 percentage points up from the firm's forecast as of last year.

Last year KAsset had assets under management of Bt241 billion. This has grown to Bt270 billion, with Bt173 billion in mutual funds, in the first eight months, she said.

KAsset plans to increase its portfolio to Bt277 billion this year, she added.

The overall performance of the portfolio benefits from strong yields in fixed-income funds.

Wiwan said the 4/51A foreign-investment fund (FIF), which primarily invests in foreign bonds, has a net return of 3.1 per cent - better than the 2.5 per cent one would normally get from domestic bonds.

The 4/51A fund closed for investor subscriptions on Thursday.

Because of the FIF's steady track record, KAsset is looking to issue a 4/51B fund worth Bt10 billion to the public from next Thursday to September 28.

Ki Nan Tsui , The Nation