New Thai ESG fund to be launched soon

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Bangkok Post 2d ago

New Thai ESG fund to be launched soon - Bangkok Post

Quick Summary:

The new Thai ESG (environmental, social and governance) fund, which is being established to ease the selling pressure of long-term equity funds (LTFs) that have matured, is expected to be finalised in the first quarter of this year.

Mr Lavaron said selling LTF units during a market downturn means the owners will receive a poor return and it will contribute to the bourse's decline.

According to Mr Lavaron, in the past LTF purchases averaged between 25 billion and 30 billion baht per year.