Kasikorn Asset Management Company Limited (KAsset) joins hands with JP Morgan Asset Management (JPMAM) to establish strategic cooperation in product and service development.
Including investment innovations that focus on developing the ability to select and allocate assets around the world to enhance Thai investment. Ready to create an in-depth understanding for Thai investors to reduce the volatility of their investment portfolios.
Ms. Khatia Inthawichai, CEO Kasikorn Bank He said that Kasikorn Bank attaches great importance to fund management business. The bank is directly involved in building a strong financial foundation for customers. Currently, the bank has close to 1 million clients investing in mutual funds (as of December 25, 2023) and there is still plenty of opportunity for growth.
Therefore, the strategic cooperation between KAsset and JPMAM, from management to providing high-quality products that meet the needs of Kasikorn Bank customers. It will significantly enhance the investment experience for clients. This is in line with the bank's goal of generating sustainable returns for Thai investors. It is also an important step that will push KAsset to grow to its full potential.
Mr. Adisorn Sermchayong, Chairman of the Executive Committee of Kasikorn Asset Management Company Limited or KAsset He said that approximately 60% of Thai investors are currently facing portfolio volatility issues (Source: Kasikorn Asset Management Company Limited as of Dec 25 '23)
Over the past three to four 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 more difficult, so KAsset aims to develop a strategic plan to enhance its ability to select and allocate assets globally. Willing to modify investment patterns to accommodate and keep pace 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, JP Morgan Asset Management, Asia Pacific He said the JPMAM team is excited to form a strategic partnership with KAsset, a long-term business partner. Providing the best to Thai investors
“We consider the Thai capital market to be a dynamic market and one of the fastest growing markets in the region. However, JPMAM’s global investment expertise means that we are well placed to offer investment solutions that meet global standards for Thai investors and opens up opportunities to expand JPMAM’s business throughout the Asia region.” And the Pacific Ocean.
This collaboration is a combination of two leading investment management firms, with JPMAM being a global expert in investment management. With US$2.9 trillion in assets under management, KAsset is the leader in the Thai mutual fund market. It has over 1.49 trillion baht of assets under management with an in-depth understanding of assets and investment situations in Thailand.
This collaboration aims to enhance the capabilities of KAsset to cover all dimensions. Both increase the efficiency of investment and product development and provide in-depth information that reaches investors in a direct, timely and understandable manner to achieve financial goals
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