Kasikorn AM building cross-border business

Kasikorn Asset Management, Thailand’s biggest fund house by assets, is seeing domestic demand rising fast for international assets and also plans to build capabilities with a view to launching Asean-wide products. Feeder funds providing foreign exposure were by far the firm’s fastest growing business last year. Kasikorn AM has Bt95 billion ($2.9 billion) in these products, giving it a 44% market share as of end- 2014, up from 27% the year before. The firm took in flows of $1 bil…