• X Spring Asset Management Co., Ltd. Open the good news following receiving a license to be a fund dealer from the SEC. Prepare to expand sales through partners of 10 leading asset management companies, long-term targeting 40% of sales revenue proportion and revenue from 60% fund event
• Recently, we are preparing to provide XSpring Private Fund services. Trigger Fund 6M After Huge Fund Service Success Knock on the day for customers to express their wishes for interested investors. 15-30 Sep. Set a target of 7% return within 6 months.
• Look at the timing of Thai stocks rebounding, suitable for buying. In the second half of the year, the situation has eased from the opening of the country to accept tourists. And investors are already aware of the negative factors from the Fed and the European Central Bank’s interest rate hikes before. Looking at Thai stocks, there is a chance to break through 1,745 points.
Mr. Yosakorn Follett, Chief Executive Officer XSpring Asset Management Company Limited or XSpring AM (Mr. Yodsakorn Follett Chief Executive Officer, XSpring Asset Management Company Limited) revealed that the business overview of XSpring AM in the second half of the year has attractive growth opportunities. Because the company is moving forward to expand the business in 360 degrees, both from the issuance of new funds. Recently, XSpring AM has been authorized to act as a broker, trade and underwrite mutual fund (LBDU: Limited Broker Dealer Underwriter) from the Securities and Exchange Commission (SEC). This will be an opportunity to increase fee income from being a mutual fund dealer for 10 existing asset management companies.
Consists of 1. Krungthai Asset Management Public Company Limited 2. UOB Asset Management (Thailand) Company Limited 3. Asset Plus Asset Management Company Limited 4. DAO Asset Management Company Limited 5. Securities Company Land and Houses Fund Management Company Limited, 6. Kasikorn Asset Management Company Limited, 7. SCB Asset Management Company Limited, 8. One Asset Management Company Limited, 9. Principal Asset Management Company Limited, and 10. Asset Management Company. East Spring Fund (Thailand) Co., Ltd. However, there are still several partners in the signing process that should see progress soon.
“Acquiring an LDBU license will diversify XSpring AM’s revenue structure. In the long run, the company aims to have a source of income from all types of fund management 60% and income from fund dealership fees 40%. opportunities for sustainable growth,” said Mr. Yosakorn.
Mr. Yosakorn also said that XSpring AM is now ready to provide the XSpring Trigger Fund 6M, which is the trigger fund service. After providing private equity fund Ex Spring Trigger Fund 6M in June. 2022 and received a better response than expected. causing calls from investors who missed the opportunity To prepare to provide additional services of Private Fund XSpring Trigger Fund 6M asap, XSpring AM has prepared to provide funds. which is still a private fund that invests in Thai stocks by providing management services for customers at a minimum of 3 million baht and multiplying 1 million baht per time in risk level 6 (high risk). Interested customers can request between September 15-30, 2022 to set a return target. 7% for a consecutive period of 5 working days, within a period of 6 months, investors cannot terminate the contract. However, setting such goals is not a guarantee of returns for private funds. And such goals are goals following deducting the actual expenses.
For private fund services, XSpring Trigger Fund 6M during this period is the right moment. Because investors began to return to invest in the stock market more. From the confidence following the Covid-19 epidemic situation has relaxed and tourists have started to travel to Thailand. As a result, the business sector began to drive better. However, the economic situation in Thailand and around the world is still at risk from the inflation crisis caused by rising energy prices. So this round of service Therefore, it is still offered in the form of a private fund because it can adjust the share investment ratio from 0-100% at the discretion of the fund manager.
However, the XSpring Trigger Fund 6M may be subject to investment risk. Investors should understand the nature of the product. Return conditions and risks before making investment decisions And can contact for details or request details of the private fund at 02-030-3730 during business days and hours from 08:30-17:30
In addition, during the remainder of 2022, XSpring AM plans to manage additional private funds. To increase investment opportunities for investors to be more diversified which will offer both domestic funds and foreign investment funds such as the Japanese stock market. Because it is a country that is not affected by inflation. In addition, people have high savings. including looking for investment opportunities in Indonesia This is another country that still has high purchasing power with an attractive proportion of working age population. Therefore, it is seen as an opportunity to manage personal funds, trigger funds.
As for the direction of the Thai stock market movement during the rest of 2022, XSpring AM still views that the timing of investing in the Thai stock market in the second half of the year is very attractive. Recently, the Thai stock market has begun to recover. part of the view This came from the perception of negative factors from the preparations to raise the policy interest rate by the Federal Reserve (Fed) and the European Central Bank earlier. Moreover, in Thailand, the performance of listed companies in the second half of the year will show better signs. Therefore, there is a chance that Thai stocks will rise to the level of 1,745 points.
