Thai funds, US tech stocks appeal
Tisco Asset Management recommends Thai equity mutual funds related to the domestic economy and tourism as well as Chinese equities, US technology and dividend stocks, and US bonds for the second half of this year.
Saharat Chudsuwan, deputy managing director of Tisco Asset, said the domestic and global investment environment is highly volatile because of the possibility of a US interest rate hike, a global or US economic recession, and domestic political factors affecting the mutual fund industry.
However, he said assets under management (AUM) for mutual funds and private funds at Tisco Asset continue to grow because of the issuance of new funds that meet the needs of investors, including an emphasis on trigger funds.
Fund valuations also increased this year, especially global stock funds that declined…
