Amundi and Kasikorn Asset Management have raised €153m ($165.9m) following the launch of two multi-asset funds.
The two funds, referred to as K Guaranteed Step-up funds, are designed to provide daily liquidity to investors and capture upside at the same time.
The funds are managed by Amundi Asset Management and distributed by Kasikorn Bank and TMBThanachart.
“The strong demand we have seen for both funds are a testament to the continued demand for new, innovative solutions amidst a competitive investing landscape,” said Verawat Kirinruttana, managing director at Amundi Thailand.
“We are encouraged by the overwhelming response received from retail investors through our partnership with KAsset, one of the largest fund management companies in Thailand.”
“We are proud to be working with Amundi, a market leader with an established track record in the structured product market,” said Adisorn Sermchaiwong, executive chairman at KAsset.
“The combination of our local and global expertise enables us to respond dynamically to changing market conditions and maximize the performance of the fund. More importantly, it expands our offering to include unique investment products for our retail audiences.”
