Bringing you live news and features since 2006 

Stock Exchange of Thailand launches country’s first exchange-traded fund

RELATED TOPICS​

The Stock Exchange of Thailand and One Asset Management have launched ThaiDEX SET50 ETF, the country’s first equity exchange-traded fund, which is scheduled to begin trading on September 6

The Stock Exchange of Thailand and One Asset Management have launched ThaiDEX SET50 ETF, the country’s first equity exchange-traded fund, which is scheduled to begin trading on September 6.

The fund has been created in collaboration with the country’s financial regulator, the Securities and Exchange Commission, the Bank of Thailand and the Thailand Securities Depository.

According to the exchange’s president Patareeya Benjapolchai, the fund marks an important stage in the development of the Thai capital market by providing an alternative investment tool for the public and creating new business opportunities for asset management companies, securities firms and commercial banks.

‘The market is evolving into a comprehensive investment centre, with attractive financial products, professional service and up-to-date systems – and able to compete regionally and internationally,’ she says.

‘The second Thai Capital Market Development Plan and the stock exchange’s strategic plan have charged the exchange with the mission of becoming a regionally important and complete secondary market, with a variety of quality products – such as this one.’

The ETF aims to attract institutional and retail investors, particularly those who want to invest in the stock market and minimise risk, through its liquidity, real-time price quotation and the availability of market-makers. The fund’s trade commission is only 0.10 per cent, Patareeya notes.

‘One Asset Management and its team would like to thank the commission and the stock exchange, who are the initiators of Thailand’s SET50 ETF,’ says managing director Somjin Sornpaisarn. ‘Since the exchange chose One Asset Management to establish and manage the country’s first equity ETF, we have been educating securities companies’ marketing officers and the public in preparation for its introduction.’

The ThaiDEX SET50 ETF is an open-ended fund based on the exchange’s SET50 index.
‘The ETF has some special characteristics, such as real-time trading through any securities company, and One Asset Management as fund manager, whose task is to beat the underlying index,’ Somjin says.

KGI Securities will be the market-maker responsible for creating liquidity, as well as one of the participating dealers alongside Kim Eng Securities (Thailand), Thanachart Securities, Bualuang Securities and Citigroup Securities. Investors can buy shares in the ThaiDEX SET50 ETF through any of the five participating dealers, Siam City Bank and appointed securities companies, during the offer period that ends on August 28, with a minimum investment of THB5,000 (USD145).

Latest News

BlackRock's iShares, an undisputed leader among European ETF issuers, pushed further ahead in Q1 with EUR173 billion in trades, triple..
European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs’ share of the US ETF market rose to 8.5 per cent at the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by