SET Director points out that Vayuphak Mutual Fund 1 supports a strong institutional investor structure, attracting Thai and foreign investors. The fund management company revealed that the first dividend payment will be in February 2025.
Mr. Asadej Kongsiri, Director and Managing Director of the Stock Exchange of Thailand (SET), said about the Vayuphak Mutual Fund One or VAYU1, which began trading on the Stock Exchange today, that it has been very well-received by investors. It is an important tool to promote people’s savings and investment, and is also a mechanism to enhance liquidity and stability in the Thai capital market. This fund will help the general public access investment in leading listed companies effectively, especially in companies with good corporate governance and that prioritize society and the environment, which is in line with sustainable investment trends worldwide. In addition, the consistent dividend payment at an attractive rate will help generate stable income for unitholders in the
long term. Vayuphak Fund’s investment and listing on the Stock Exchange will help increase liquidity and strengthen the Thai stock market. Having such a large fund will help develop the institutional investor structure in the country to be stronger, and may also attract various groups of investors to consider investing in the Thai stock market more. The Stock Exchange of Thailand is ready to act as an efficient secondary market to support the trading of Vayuphak Fund units. The Stock Exchange of Thailand is committed to developing a trading system that is highly liquid and efficient, along with building confidence in the Thai capital market for the benefit of all investors.
It is believed that this cooperation between the government and the capital market sector will be another important step in developing the Thai capital market to grow steadily and sustainably and be an important part in driving the country’s economy in the long term.
Ms. Chawinda Hanratanakul, Managing Director of Krungthai Asset Managem
ent Public Company Limited, as the management company of Vayuphak Mutual Fund 1, said that the overwhelming response to the offering of Type A investment units of the fund reflects confidence in the management and strong performance of the fund in the long term. For the money from the offering of Type A investment units, the fund has started investing in various securities under the investment policy framework of the fund, focusing on investing in stocks with good fundamentals and good corporate governance to create good returns in the long term for unitholders. Dividends will be paid twice a year, with the first dividend expected to be paid around February 2025, and the principal will be protected if the conditions are met.
For the overall investment picture at the moment, it is seen as better due to external factors, both the downward trend in interest rates and measures to support China’s capital market. As for internal factors, politics are stable, the economy is recovering, especially tourism, so it is
believed that from now on the market will be in a suitable condition for investment.
Source: Thai News Agency