AIA Asset Management reveals market share of private funds at 39.71%, ranked No. 1 in mutual funds with assets of 31,485 million baht, while AUM touches 853 billion baht. Looking at the second half of the year, economic development countries continued to recover. Still have a positive outlook on investing in stocks rather than bonds.
Mr. Sukwat Prasertying, Chief Executive Officer AIA Asset Management (Thailand) Co., Ltd. revealed that the company currently holds a share of the private fund market at 39.71%, which is the number 1 in the industry. As for the mutual fund, after the establishment of the Asset Management Company for a year, it has a total net asset value of 31,485 million baht, which is considered a very good growth even during the Covid-19 crisis. Under Administration (AUM) totaling about 853 billion baht
For the view of investment in the second half of 2021, the developed country’s economy It has continued to recover and adjust to its full potential. The economies of emerging market countries Most of them are still facing the impact of the COVID-19 outbreak. This difference will lead to different monetary policy actions. Developed countries may consider reducing government support measures, such as a reduction in the amount of bond purchases (QE) of the US Federal Reserve (Fed) and an increase in the Fed’s policy interest rate. Investors in the market are expected to start adjusting in the first quarter of 2023. Emerging market countries still rely on government policies to help support the economy.
However, in the short term, US Treasury yields remained low on the back of lower issuance pressure. The liquidity in the money market remained high when the Fed began to reduce the QE volume. and an increase in the treasury balance will lead to an increase in bond yields reflecting the recovering US economy which is sensitive to economic conditions and makes investing in stocks a handicap Considering the spread between stock returns versus bond yields continued to rise.
However, it remains more optimistic about investing in equities than bonds, especially equities in developed markets. Led by US and European listed stocks. Due to the high excess liquidity will support the stocks have a chance to generate better returns than bonds in the future.
However, the risk of coronavirus outbreak control remains to be observed. The mutation of the COVID-19 virus that could happen group immunity and geopolitical risks as well as uncertainty about the timing of the Fed’s withdrawal of QE measures. It believes that the flexibility in adjusting the investment ratio and investing in Wattachak shares It can balance the investment portfolio during high volatility conditions.
While the view of investing in the Thai stock market After the lockdown has begun to relax The number of daily infected people has decreased. Including the number of people who get vaccinated each day. causing the expectation of returning to the country’s economy have a more positive outlook In addition, as the world economy has begun to recover, support for the main industrial groups of Thailand.
Especially the manufacturing sector has started to improve, such as energy, basic goods. and Thai finance The service sector, including tourism and domestic spending, remains a concern. But overall, the investment market in Thailand is becoming more attractive. As for the debt instruments I think that Asian bonds are still worth investing in compared to US bonds. due to the higher payment default risk compensation
