Thailand to allow funds to buy 'exotic' financial securities

Published Mon, Jul 13, 2015 · 09:50 PM

Bangkok

THAILAND'S regulator plans to allow mutual funds to invest in riskier securities and attract funds from wealthy citizens investing abroad as they seek higher returns.

The Securities & Exchange Commission (SEC) will relax rules that forbid purchases of "exotic financial securities" such as junk bonds and other high-yielding assets, secretary general Rapee Sucharitakul said. The agency will also allow hedge funds and leveraged unit trusts to tap funds in the local market, he said.