The Stock Exchange of Thailand (SET) gears up its 2012 strategy to boost investment in exchange-traded funds (ETFs) and stimulate new ETF launches by holding the campaign “ETFs give chances to win a THB 10,000 gift voucher every week,” aiming to increase ETF purchases and boost assets under management to THB 7.5 billion (approx. USD 244.3 million) this year.
Currently, there are eight ETFs listed on SET with a combined assets under management of THB 5.62 billion (USD 181 million) and total trading volumes of THB 19.3 billion (USD 623 million) in 2011.
“One of SET’s strategies for this year is to improve and increase liquidity of existing products for investors. We see the popularity of ETFs rising with an upward trend. For this year, we expect to see more launches, including ETFs tracking gold and stock index, which should benefit investors by having more choices for investment. We also aim to increase assets under management in ETFs to THB 7.5 billion this year,” said SET President Charamporn Jotikasthira. “The campaign should help spur attention on ETFs investment which should help boost trading liquidity and expand investor base as well.”
The “ETFs give chances to win a THB 10,000 gift voucher every week” campaign aims to promote SET-listed ETF sales by giving lucky draw tickets to those who each buy THB10,000 or more of EFTs a day (maximum one ticket/day/purchaser). Such investors will get opportunities to win a THB 10,000 voucher per week until October 31, 2012. SET also provides animated online-education on ETFs for investors.
To see movement of net assets value of mutual funds (iNAV), please visit www.set.or.th or call S-E-T Call Center 0 2229 2222.
The eight ETFs listed on SET are Bualuang CHAY Gold ETF (BCHAY), tracking domestic gold bars of 96.5 percent purity; KTAM Gold ETF Tracker (GLD), tracking SPDR Gold shares; K-Gold ETF (KG965), tracking gold bars of 96.5 percent purity; MTRACK Energy ETF (ENGY), tracking constituents of SET energy and the utilities sector index; ThaiDEX Gold ETF (GOLD99), tracking gold bars of 99.99 percent purity; ThaiDEX SET High Dividend ETF (1DIV), tracking constituents of the SETHD Index; ThaiDEX SET50 ETF (TDEX), tracking constituents of the SET50 Index and W.I.S.E. KTAM CSI300 China Tracker (CHINA), tracking unit of W.I.S.E.-CSI300 China tracker fund.