A proposed ESG fund could attract inflows to 114 stocks listed on the Stock Exchange of Thailand’s ESG index, with an estimated value of up to 70 billion baht this year, according to analysts.
A long-term savings fund focused on investing in domestic environmental, social and governance (ESG) stocks and bonds, which is expected to be established this year, could attract 20-70 billion baht worth of investments to the Thai stock market, said Krungsri Capital Securities (KCS).
If the fund has investment conditions similar to the tax perks offered for the long-term equity fund (LTF), it would be positive news for the Thai stock exchange, said KCS.
In the final five years before LTFs expired in 2019, each fund had an…
