Value of Thai funds' foreign portfolios hits record
Bangkok
MAJOR Thai funds have increased the size of their foreign portfolios to a record, chasing higher returns and more investment options in the face of low-yielding domestic government bonds and a sputtering economy.
The value of foreign investment funds (FIFs) overseen by Thai asset management firms jumped 33.4 per cent in 2014 to 866 billion baht (S$36.5 billion), while funds focused on Thai investments grew at a slower pace of 22.4 per cent even as the value of domestic portfolios hit a historic…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla cuts US prices by US$2,000 as sales slow, inventories swell
Volkswagen workers vote decisively to unionise in Tennessee
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try