In the last 3rd quarter the stock market fell into a bear market state and bond yields rose to the highest in the following yearinflationcontinued to rise and the US Federal Reserve (Fed) signaled an adjustment.raise interest ratesduring the rest of this year The involvement of central banks in other countries has accelerated to raise interest rates. leading to a risk ofrecession As the conflict in Ukraine and Russia continues
Morning Star Research (Thailand) Public Company Limited reported that the top three indices that produced positive returns were:
- Morningstar Turkey Index (because the central bank cut the policy rate)
- Morningstar Brazil Index
- Morningstar India index in order
The Morningstar UK Core Bond Index delivered the worst return this quarter compared to the rest of the past because:weightwhich has greatly weakened
tendencythe stock marketand debt The pressure is expected to continue untilinflationis reduced or improved As the economy continues to slow and the Fed continues to mark two more rate hikes this year, investors should invest cautiously underfinancial marketthat continues to vary from now on
for inThai stock market In the third quarter, there was an increase, causing the fundThai Stocks (Excluding LTF, RMF, SSF) return to net outflows again. After the money flowed in in the second quarter
SET index There was an increase in the period July – August. And it has a downward trend in September, closing at 1,589.51 or equal to a 3 month total return of 2.3% or accumulated since the beginning of the year -1.6%
CreateThai Equity FundNet outflows returned in August and September. Overall, the quarter was a net outflow of nearly 4 billion baht, or accumulated 9 months, a net outflow of 7.1 billion baht. The net asset value was 220 billion baht, a decrease of 6.8% from the end of the last year.
AIA Thai Equity Fund (AIA-TEQ) has the highest accumulated inflows in the last 3 months and the first 9 months worth more than 500 million baht and 1.2 billion baht, respectively 9 months, up to 1.8 billion baht, making it move up to the 5th largest asset management company in the Thai stock market, excluding tax savings.
While other asset management companies have small inflows to net outflows, especially large asset management companies such as East Spring Asset Management, Kasikorn Asset Management and SCBAM.
However, the market share picture has changed somewhat. SCBAM still has the highest market share of 16% with a net asset value of 35 billion baht, while East Spring Asset Management Co., Ltd. Moving up to No. 2 from the value of the old TMBAM Fund and Thanachart. Overall, it has a 15% share with a total net asset value of 34 billion baht, followed by Bualuang Asset Management and Kasikorn Asset Management at 15% and 11%, respectively.
