Binding offers are reportedly expected in the next few weeks.
The platform will have at least 600 mutual funds from 15 asset management firms in Thailand.
Lu International has joined up with Thailand’s Kasikornbank to create a digital wealth management platform.
While Thailand equity markets did not escape global correction in February, Thai investors saw it as a buying opportunity, fund flows data from Morningstar show.
Capital Group adds, Kasikorn Bank loses; Gramercy closes; Fund Supermarket adds funds; Trilake gives agony advice; the death of cash; Plummeting HKD; advertising from Jupiter and much more.
Kasikornbank has been the biggest winner of Thai investors’s pivot to fixed income funds, according to Morningstar data.