Kasikorn Private Banking (KPB), Kasikornbank’s private banking unit, plans to increase its asset allocation portion of global risk-weighted assets to generate better returns for high net worth customers.
Under KPB’s asset allocation strategy for the first half, it plans to increase the weight of global risky assets to 30% from 25% of the total investment portfolio last year.
The unit also plans to underweight its portfolio investment in fixed-income securities by 5%.
Given higher fiscal budget and stimulus measures to alleviate hardships and maintain the economic recovery momentum across the world, this will attract funds to move into risky investment assets, said Triphon Phumiwasana, managing director of KPB.
Risky assets, such as equities, usually see a surge in fund inflows when major stimulus packages are implemented by governments as investors pin their hopes…
