KTAM eyes RQFII quota, Tisco less keen
Following China’s award of RQFII quota to Thailand last month, Krung Thai Asset Management plans to apply for a licence, but rival Tisco AM takes a different view.
Two Bangkok-based fund houses have voiced different views on Thailand receiving Rmb50 billion ($7.65 billion) of quota under China’s RQFII scheme, which enables domestic investors to buy Chinese securities directly.
Krung Thai Asset Management (KTAM) feels it is a good opportunity for Thai investors to diversify into the offshore market and plans to apply for an renminbi qualified foreign institutional investor (RQFII) licence and quota. The firm said it hadn’t decided when to do …
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