Kasikorn AM brands trigger funds as unfair
Target-redemption funds have been attracting inflows in Thailand due to swinging volatility in the local stock market. But not all asset managers have jumped on the bandwagon.
Trigger funds, which close when they have delivered the target return or reached the end of their investment period, have proved hugely popular over the past six months or so in Thailand.
More than 85% of Thai portfolios are invested in debt-related products such as bond funds, but these have been looking less attractive as interest rates rise. Trigger funds benefit from strong stock-market volatility, as demonstrated by their performance in the past few months, with many closing …
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