The Stock Exchange of Thailand has registered Vayuphak Mutual Fund, one Type A investment unit, for trading on the Stock Exchange on 7 Oct., using the abbreviation “VAYU1”. The opening price was 10.10 baht, up 1%, while the Finance Minister emphasized that it would help build investor confidence.
Vayuphak Mutual Fund 1 (VAYU1) has an investment policy in both debt instruments and equity instruments, focusing on investing in listed securities on the Stock Exchange of Thailand with good fundamentals, good corporate governance, and sustainable business operations with long-term stability. VAYU1 has 15,000 million Type A investment units with a fundraising value of 150,000 million baht, with retail investors and institutional investors interested in subscribing more than 190,000 million baht in the previous investment unit offering, with Finansa Securities Co., Ltd. as financial advisor, Krungthai Asset Management Co., Ltd. (Public Company Limited) and MFC Asset Management Co., Ltd. (Public Company Limited) as
management companies. The management team expects a minimum return of 3.0% per year and a maximum of 9.0% per year, constant for 10 years, creating stable returns in the long term for unitholders, and opening the door to investment opportunities in the Stock Exchange of Thailand for the public.
Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, revealed that the Ministry of Finance has set guidelines for raising funds for Vayupak Fund 1 to enhance the investment atmosphere and confidence of Thai and foreign investors after the situation of the Thai capital market in the past has been quite volatile. The listing of Type A investment units on the Stock Exchange of Thailand will be one of the investment options for interested investors. He believes that the fund will play a part in promoting and supporting the development of the country’s capital market in line with the objectives of the fund’s establishment.
‘I am confident that Vayuphak Fund 1 will help stimulate and restore the stock ma
rket, creating confidence for both domestic and foreign investors. Over the past year, Thai stocks have been declining due to problems in many areas. The Stock Exchange of Thailand and the SEC have collaborated to adjust regulations to create confidence. Vayuphak has also come in to create more confidence, which is a win-win solution for all parties. I expect that the investment atmosphere from now on will continuously improve in line with the strength of the Thai economy, and the Ministry of Finance is ready to support the Stock Exchange of Thailand to be worthy of being a center in this region,’ said Mr. Pichai.
Mr. Laworn Sangsanit, Permanent Secretary of the Ministry of Finance, on behalf of the Vayuphak Mutual Fund Supervisory Board, said that after the fund offered Type A investment units to open opportunities for retail investors to invest in the capital market through investment in the fund, Vayuphak Mutual Fund 1 became one of the largest mutual funds in Thailand with a net asset value (NAV) of appr
oximately 500 billion baht. With professional management by Krungthai Asset Management Public Company Limited and MFC Asset Management Public Company Limited as the fund management companies, it is believed that they will be able to manage the money from the offering of Type A investment units of 150 billion baht and promote the fund to have more stable performance and create worthwhile returns for investors.
Analysts at Krungsri Securities PCL said that VAYU, which started trading on the market today, has continued to see positive sentiment since October 1st when the new Vayuphak Fund started investing in the market. Institutional investors in the past 3 trading days have significantly bought Thai stocks worth 14.7 billion baht, compared to net sales of -1.7 billion baht in September and net purchases of 2.3 billion baht in the first 9 months of 2024.
The picture is starting to be consistent with the past when Vayupak started entering the stock market, which was December 1, 2003. Vayupak 1 started trading
SET Index from December 1 – Peak (January 12, 2004) or adjusted up a total of 153 points, an increase of 23%. The group of investors who supported the SET Index, yellow line, to adjust up in that round were domestic (institutional investors net bought a total of 9.44 billion baht, domestic investors net bought a total of 2.37 billion baht). Overall, they supported the assessment of the target index by the end of 2024 at 1,540 points. The support came from clear internal politics, supporting the growth of the Thai economy in 2024 to grow by 2.4% and in 2025 it is expected to grow by 2.8-3.0%.
Source: Thai News Agency