Thailand’s fund management industry recorded a net inflow of 33.4 billion baht (US$1.07 billion) in the first quarter with most of the money going into China and global equity funds, and its total assets grew 4%, according to Morningstar.
The industry had 5.2 trillion baht of assets as of end-March, up from 5 trillion baht at the end of 2020, the financial data provider says in a report on April 21.
The highest inflow – 54.6 billion baht – was into China equity funds, followed by global equity funds with 43.7 billion baht.
In sharp contrast, there was a 54.9 billion baht net outflow from money market funds. Bond funds, including mid/long-term, global bonds and short-term bonds, all recorded outflows.
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