Fetco suggests SSF extensionThailand's capital market representative has proposed a 10-year investment extension period for extra units of the Super Savings Fund (SSF) to financial authorities, aiming to help stabilise stock market volatility. "We have discussed with capital market-related agencies and concluded the extra units of SSF are a long-term investment tool," said Fetco chairman Paiboon Nalinthrangkurn. "This fund will help support the stock market's stability in the future as a long-term investment fund can [help] reduce market volatility." SSF investment conditions are more relaxed than those for LTFs, as SSF units can invest in any assets, while LTFs stipulate equities as the major investment asset. Narongsak Plodmechai, chief executive at SCB Asset Management, said the company logged the highest fundraising amount for extra units of the SSF at 2.32 billion baht through three SSF extra unit funds.

Source: Bangkok Post July 08, 2020 23:26 UTC