Maybank Asset to boost AUM via funds

Published มกราคม 13, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation


Maybank Asset Management expects to lift its assets under management (AUM) to Bt10 billion by launching four or five foreign funds this year.

“Our position is to be the leader in investment abroad with good connections in the Asean region, so there is no escaping bringing in unique foreign funds – different from the products in the Thai industry – for investors here,” Triphon Phumiwasana, chief executive officer, said yesterday.

The company expects investment to be fluctuating and challenging this year because of four risk factors – China’s economy, oil prices, the United States’ election and its labour costs.

The AUM target is vastly different from its current AUM of about Bt1.2 billion.

Individual investors should keep an eye on small capitalisation stocks in the euro zone and Japanese shares.

The first foreign fund will be launched in March with a focus on high-growth industries.

One or two of the four foreign funds that will launched this year are going be managed by Maybank Asset Management itself with the aim of showing its potential and also the opportunities within Asean.

“Managing more of our own funds this year should also provide a clearer profile of how the company can provide opportunities via Maybank Asset’s offices within Asean,” Triphon said.

Maybank Asset Management expanded its AUM by 15 per cent to Bt1.2 billion in 2015, which is similar to the Bt1 billion in assets that it was managing back in 2014.

Maybank Asset also increased the ratio of foreign investment funds in its AUM from six to eight funds last year.

Fluctuations in global markets caused limited growth in advanced economies and the US Federal Reserve’s interest-rate increase has added more concern in the market.

“Nevertheless, there are still opportunities in the long term,” he said.

Oil prices, China’s economy and uncertainty in the euro zone will continue to be risk factors this year.

If US labour costs increase too fast and drastically, then it could hurt US companies’ profits this year, but if labour costs increase too slowly and weakly, then it could hurt America’s economic recovery and overall liquidity.

“If investors want to invest by themselves this year, then I believe that small-cap stocks in Europe are interesting because their valuations are currently recovering and they are not so expensive.

“US shares that benefit from mergers and acquisitions are also interesting,” Triphon said.

“Japanese shares have remained interesting.

“Try to avoid long-term bonds but invest in bonds with high yields, especially in Europe.”


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