Sydney-based Raiz Invest aims for expansion in Southeast Asia, but does not have any intentions of tapping the Hong Kong and Singapore markets.
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Sydney-based Raiz Invest aims for expansion in Southeast Asia, but does not have any intentions of tapping the Hong Kong and Singapore markets.
The country’s securities regulator wants fund managers and distributors to disclose more information about the products’ risks.
Separately, the Thai joint venture firm aims to directly manage some of its funds in Thailand.
Thailand’s wealthy have low exposure to offshore investment products, underscoring the opportunity for foreign managers, according an SCB Julius Baer report.
Thailand single-country equity products have posted strong long-term returns as the country now awaits the result of political horse-trading.
Foreign funds sold in Thailand had an increase in NAV in the first quarter, while ESG fund assets were also up.
Foreign investment fixed term bond funds remain popular, as local investors rush back into fixed income, according to data from Morningstar Direct.
Thai investors are looking for less volatile assets after the stock market fell in 2018, according to Korawut Leenabanchong, country head of Aberdeen Standard Investments in Thailand.
The Bangkok-based startup is expected to launch a fund product driven by the firm’s stock-ranking algorithm.
Other foreign private banks have also taken advantage of the growing wealth in Thailand.
Part of the Mark Allen Group.