Following a disappointing GDP expansion reading of only 1.5% in the first quarter, trailing other economies in the region, the Thai government plans to pick up the pace to stimulate economic growth.
Tisco Asset Management recommends Thai equity mutual funds related to the domestic economy and tourism as well as Chinese equities, US technology and dividend stocks, and US bonds for the second half of this year.
Tisco Asset Management (TISCOAM) is launching a trigger fund for China, aiming to catch the momentum amid the country's reopening and the offering of government policies to stimulate the rebounding economy.
With the country's next general election tentatively slated for May 7, 2023 by the Election Commission, assuming the House of Representatives completes its four-year term by March 23, many political parties have cranked up their election machines, with leading parties already kicking off their campaigns.
The 20th National Congress of the Chinese Communist Party (CCP) started on Sunday in Beijing, with Xi Jinping likely to be re-elected as the country's president during meetings behind closed doors at the Great Hall of the People.