Bangkok--10 Mar--บลจ.กสิกรไทย
Veteran teams, diversified products to drive continued growth
Kasikorn Asset Management Co., Ltd. (KAsset) has set out on a mission to secure top position as well as continued growth for the company that made the highest record of net asset value last year.
“It is a great honor to be entrusted by the management of Kasikorn Bank and KAsset to lead one of the best professional teams in the fund management industry,” said Mrs. Wiwan Tharahirunchote, the newly appointed Managing Director of KAsset. “With a solid operational structure already in place, I will carry on the tradition of excellence in every aspect of our business to achieve international benchmarks, continued growth, and the number one leading position in the market.”
The new Managing Director added: “Our strategic plans for 2006 focus on innovative and diversified products to offer attractive alternatives that will yield not only good but continued returns to investors in every category, from mutual funds to private funds and provident funds.”
In the first two months alone, KAsset already launched four new funds, namely The Ruang Khao Government Bond 3/50 A Fund: RG0350, The Ruang Khao Government Bond 3/50 B Fund open-end funds, The Kasikorn Income 4/50 fund and The ABF Thailand Bond Index Fund (ABFTH).
Mrs. Wiwan said: “We offer financial innovations in the local bond market. We see promising growth potential and debt instruments still attract a lot of investors. Throughout this year, KAsset will roll out fixed basket bond funds every month to serve investors’ demands. Besides, we are ready to introduce funds with different investment strategies on a regular basis. In a short while, our customers will see funds under the Ruang Khao and Kasikorn Income product lines.
In 2006, KAsset will also put a strong emphasis on investor education programs such as fund knowledge seminars to provide investors with complete and accurate information for choosing investment tools that best serve their personal goals.
KAsset is a member of KGroups of Kasikorn Bank Plc. The company offers management services for mutual funds, private funds, provident funds, etc. The company aims to become Thailand’s best fund manager that offers excellent services based on business ethics and acceptable risks.
“Our policy is to manage each fund professionally, independently and transparently with solid measures to prevent conflicts of interest to ensure the best interest of our customers,” said Mrs. Wiwan.
In 2005, KAsset recorded the highest net asset value of 219.94 billion baht. KAsset’s Mutual Funds and Private Funds held the highest market share at 143.433 billion baht and 41.61 billion baht, respectively while Provident Funds ranked the forth place in the market with net asset value of 34.90 billion baht. (Source: Association of Investment Management Companies)