Several senior asset management executives in Thailand have switched firms in recent months, and many feel this signals a growing trend.
Tag : ing funds
The new distribution channel, set to open in June, is expected to double ING FundÆs mutual funds business in Thailand to Bt80 billion ($2.52 billion).
CEO of ING Funds, Steve Ong, expects most of the demand for Sharia-compliant funds to come from high-net-worth and institutional clients overseas.
One of the funds will invest in the real estate sector in Asia-Pacific, the latest among portfolios raising capital from global investors for allocation in this region.