2024-01-28 14:45:22
Kasikorn Asset Management Company Limited (KAsset) joins hands with JP Morgan Asset Management (JPMAM) to create strategic cooperation in product and service development.
including investment innovations that focuses on developing the ability to select and allocate assets around the world to enhance Thai investment. Ready to create in-depth understanding for Thai investors to reduce the volatility of their investment portfolios.
Miss Khattiya Inthawichai, Chief Executive Officer Kasikorn Bank Said that Kasikorn Bank places great importance on the fund management business. The bank is directly involved in building a strong financial foundation for customers. Currently, the bank has nearly 1 million customers investing in mutual funds (as of 25 Dec. 2023) and there is still a lot of opportunity for growth.
Therefore, the strategic cooperation between KAsset and JPMAM, from management to offering quality products that meet the needs of Kasikorn Bank customers. It will greatly enhance the investment experience of customers. This is in line with the Bank’s aim to deliver sustainable returns to Thai investors. It is also an important step that will push KAsset to grow to its full potential.
Mr. Adisorn Sermchaiwong, Chairman of the Executive Committee Kasikorn Asset Management Company Limited or KAsset Said that currently approximately 60% of Thai investors are facing problems with investment portfolio fluctuations (Source: Kasikorn Asset Management Company Limited as of 25 Dec. ’23)
Over the past 3-4 years, the market has been affected by COVID-19 and the global economic crisis. These factors have led to continued market volatility. This makes assessing the situation even more difficult. Therefore, KAsset aims to develop a strategic plan to enhance its ability to select and allocate assets globally. Ready to adjust investment styles to accommodate and keep up with all changes. All of this reflects KAsset’s determination to make Thai investors’ investment portfolios stable and grow sustainably.
Mr. Dan Watkins, Chief Executive Officer, J.P. Morgan Asset Management, Asia Pacific Region said the JPMAM team is excited to form a strategic partnership with KAsset, a long-standing business partner. To present the best to Thai investors
We consider the Thai capital market to be a dynamic market and one of the fastest growing in the region. However, JPMAM’s global investment expertise means we are well-positioned to offer investment solutions that World class standards for Thai investors and opens up opportunities to expand JPMAM’s business throughout the Asia-Pacific region.
This cooperation is a combination of two leading investment management companies, with JPMAM being a world-class investment management expert. With assets under management of US$2.9 trillion, KAsset is the Thai mutual fund market leader. It has over 1.49 trillion baht of assets under management with an in-depth understanding of assets and investment situations in Thailand.
This cooperation will aim to enhance the potential of KAsset to cover all dimensions. Both increasing investment efficiency and product development Providing in-depth information that reaches investors in a straightforward and timely manner and understanding counseling Meet financial goals
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