AsianInvesterAsianInvester

Funds sold in Thailand post strong gains in 2007

Lipper data shows equity funds sold in the market led gains, posting an average return of more than 30% for the year.
Mutual funds registered for sale in Thailand posted an average return of 16.71% in 2007, up sharply from an average gain of 1.80% in 2006.

Equity funds produced strong gains last year amid intensifying risk exposure, with pure equity funds and mixed-asset funds posting average returns of 33.72% and 22.19%, respectively.

Due to low domestic interest rates and the fallout from US subprime credit woes, bond and money-market funds posted losses of 4.31% and 3.60%, respectively.

On the local front, the rebound of the Thai SET index in the last week of 2007 helped funds investing mainly in equities post returns. The average returns of equity funds and mixed-asset funds in December were up 0.73% and 0.56%, respectively, far better than for the month before. Low-risk funds such as bond and money-market funds posted returns last month of 0.29% and 0.27%, respectively.

The Stock Exchange of Thailand ended 2007 with a 26.22% gain, a sharp turnaround from a 4.71% loss in 2006 when it was among the worst performing markets in the region.

Average 2007 performance of fund groups registered for sale in Thailand, by asset types:

Equities +33.72%
Mixed Assets +22.19%
Commodities +7.09
Money Market +03.6%
Bonds +4.31%

Top 5 fund sectors in terms of performance in 2007, with their average gain:

Equity Thailand +36.53%
Mixed Asset THB Flexible +25.18%
Equity Sector Gold and Precious Metals +24.61%
Mixed Asset Other Aggressive +24.47%
Equity Emerging Markets Global +22.70

Bottom 5 fund sectors in terms of performance in 2007, with their average loss/gain:

Equity Japan -11.70%
Equity Europe -2.86%
Bond Asia-Pacific +1.2%
Bond Global +3.35%
Money Market THB +3.58%

Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
¬ Haymarket Media Limited. All rights reserved.