Thailand has proposed revising the rules to ensure only accredited investors – such as high net worth individuals – with matching risk profiles are eligible to invest in high risk mutual funds.
A group of expats who invested in failed LM Investment Management funds have secured support from the British Embassy in Thailand.
Thailand is to toughen up its supervision of financial intermediaries in a bid to prevent the exploitation of clients.
Thai and Malaysian investors are increasingly looking beyond their local shores for investment opportunities, according to a Boston-based research house.
Canada-headquartered Sun Life Financial is looking to branch out into new markets, with Singapore and Thailand currently at the top of its expansion plans.
Thailand’s Securities and Exchange Commission said that it intends to permit the launch of offshore hedge funds and junk bond funds later this year.
Expat investors who lost a combined total of £500m after the collapse of LM Investment Management have persuaded the Australian ambassador to Thailand to represent their case to the Australian Government.
Thailand’s Securities and Exchange Commission said it has filed a criminal complaint against Professional Portfolio International (PPI), a financial planning and wealth management firm with offices across Southeast Asia, and two of its employees for operating a securities business without a licence.
Thailands Securities and Exchange Commission (SEC) has revised rules for a variety of funds to allow investment in derivatives and structured notes.
The ASEAN collective investment scheme framework will take time to gain traction as the real challenge lies in penetrating the local distribution networks, according to research firm Cerulli Associates.
Amundi Group has expanded its operations in Asia, setting up a wholly-owned mutual fund brokerage company in Thailand.
The ASEAN collective investment scheme framework (CIS) has been launched, allowing investors in Singapore, Malaysia and Thailand access to cross-border financial products.
