PUBLISHED : 4 Jan 2024 at 06:32
Sales of Thailand ESG (TESG) funds, the latest tax-deductible long-term fund to be introduced by 16 asset management firms, reached 5.2 billion baht during the period Dec 8-28, 2023, falling well short of the government’s 10-billion-baht target.
Chavinda Hanratanakool, chairwoman of the Association of Investment Management Companies, attributed the shortfall to the limited window for sales, although she said the funds received strong interest from the public.
The authorities now expect TESG funds to generate more than 10 billion baht in sales this year, said Ms Chavinda, who is also chief executive of Krungthai Asset Management (KTAM).
The 16 asset management firms launched a total of 30 ESG funds for…
