Thailand’s trigger-fund trend tipped to slow

A wave of trigger funds launched to capitalise on Thailand’s surging stock exchange is tipped to thin out in the second quarter, with the market rise seen as unsustainable. No fewer than 73 trigger funds were issued to Thai retail (and high-net-worth) investors last year, raising Bt25.9 billion ($868 million), according to Cerulli Associates. The trend accelerated in the fourth quarter, when 29 trigger funds were launched – accounting for more than half of the 53 new products fo…