The Stock Exchange of Thailand's (SET) board of governors has approved FundNet, a new trading platform for mutual funds designed to give investors easier access. FundNet, which is expected to be introduced in early 2017, will standardise access to asset management firms' trading systems. Initially offering basic domestic mutual funds it is expected to introduce foreign funds at a later date. In the first half of this year, fund managers managed $US1.3tn ($A2.2trn) worth of assets and made more than US$1bn (£770m) on average
The Stock Exchange of Thailand's (SET) board of governors has approved FundNet, a new trading platform for mutual funds designed to give investors easier access. FundNet, which is expected to be introduced in early 2017, will standardise access to asset management firms' trading systems. Initially offering basic domestic mutual funds it is expected to introduce foreign funds at a later date. Investment in mutuals funds in Thailand grew to 5.25% of total deposits in June 2015 from 1.58% in 2006.