TESG Fund Closes IPO Over $2 Billion, Kasikorn Asset Management Tops $580 Million

HoonSmart.com>> Opening IPO sales of 22 Thai Sustainable Investment Funds (ThaiESG) from 16 mutual funds, with a total subscription amount of more than 2,000 million baht. Kasikorn Asset Management has become the largest ThaiESG fund in Thailand. Its sales reached more than 580 million baht, with hopes of cash flowing in to invest in year-end tax cuts in the final week.

HoonSmart collects sales of Thai Sustainable Investment Funds (ThaiESG) or TESG that were offered for sale to the general public for the first time (IPO), with a total of 22 funds from 16 asset management companies (asset management companies), with total subscriptions of approximately 2,046 million baht, With the five asset management companies receiving the highest subscription amounts during the IPO, including Kasikorn Asset Management, totaling more than 580 million baht from the opening sale of K Target Net Zero Thai Stocks Fund, Thai for Sustainability, which closed. The IPO began on December 21.

In second place was Bualuang Asset Management Company with sales of 314 million baht from the Bualuang Thotsapon Thai Sustainability Fund, and in third place was SCB Asset Management Company, with total sales of 308 million baht from 3 SCB funds. Thai stocks are sustainable and active. (Thai for Sustainability) and (Thai for Sustainability Value Accumulation Type), SCB Thai Equity Open-End Fund is sustainable and passive. (Thai for Sustainability) and (Thai for Sustainability Accumulated Value) and Thai SCB Funds Blended with Sustainability (Thai Type for Sustainability) and (Thai Type for Sustainability, Value Accumulated)

Fourth place: Krungthai Asset Management, with sales of 211 million baht from 3 funds: Krungthai ESG A Grade Fund (Thai Sustainability), Krungthai ESG50 Fund (Thai Sustainability), and Krungthai ESG A Grade Fund. 70/30 (Thai Sustainability). Category 5) The fifth category, Krungsri Asset Management, has sales of 155 million baht from the Krungsri Enhanced Thai Sustainability Fund – Thailand Increases Sustainability, Value Accumulation and Dividend Type

Launching ThaiESG Fund, a new type of tax-exempt fund, the launch to get to know investors takes a relatively short time and quickly, said an executive at an asset management company. Therefore, we must wait until we see more money coming in to invest. In addition, investor behavior tends to buy money to cut taxes during the last 2-3 days of the year.