TMBAM Eastspring makes good on more than B68bnTMBAM Eastspring has made more than 68 billion baht in repayments to mutual fund unit holders, equivalent to 34-55% of assets in each fund since the fund closures in March. Boonchai Kiattanavich, interim managing director of TMBAM Eastspring and managing director of Thanachart Fund Eastspring, said TMBAM Eastspring closed four fixed-income funds amid bond market turmoil caused by the coronavirus pandemic, which resulted in unprecedented outflows from continuous redemptions. Of the four fixed-income funds, the two funds in the spotlight are TMB Ultra-Short Bond Fund (TMBUSB) and TMB Aggregate Bond Fund (TMBABF). TMBAM Eastspring therefore requested and received a repayment extension in the liquidation period for another 90 days, from July 9 to Oct 7. Mr Boonchai said TMBAM Eastspring and Thanachart Eastspring will launch a new fund in the second half, but the move will hinge on market timing and conditions.

Source: Bangkok Post July 02, 2020 22:07 UTC