Funds to reveal investment info on monthly basis

By The Nation

Mutual fund companies will have to disclose their investment portfolios on a monthly basis, as the Thai authorities are stepping up the supervision measures in light of global financial crisis.

So far, the information has been revealed every six months.

The Securities and Exchange Commission yesterday announced that under the new rule, investors would have updated information for their decision to invest in mutual funds, at a time of high volatility. The information must be disclosed within 15 days after the end of each month, starting from this November 15, on the companies' websites.

For the mutual funds invested by the companies themselves, the information must contain the top 5 biggest stocks in their portfolios and top 5 industries.

The rule does not cover property funds.

{literal}

{/literal}

{literal} {/literal}

Funds to reveal investment info on monthly basis

Mutual fund companies will have to disclose their investment portfolios on a monthly basis, as the Thai authorities are stepping up the supervision measures in light of global financial crisis.

OTHER BUSINESS

Top Stories