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Published on February 4, 2008

The firm has received an enthusiastic response from institutional investors, including asset management companies, private funds and high-net-worth investors, during presentations in Hong Kong and Singapore.

TDEX is an open-ended fund that invests in stocks making up the SET50 Index.

It is the first exchange-traded fund (ETF) listed on the Stock Exchange of Thailand.

It acts like a holding company and can be traded in real time like a simple stock, unlike mutual funds that invest in the SET50.

Naruemol Artamnuayvipas, senior vice president for equity derivatives, said last week that ETF products were popular in Korea, where KGI would like to boost its market.

Sang Sung Investment Trust, with total assets of about US$80 billion (Bt3 trillion), has invested some $2 billion in nine ETFs.

TDEX is an easy-to-understand risk-management tool that is popular with local and foreign institutional investors, she said.

KGI, together with One Asset Management Ltd and four other local and foreign securities houses, has set up TDEX as an equity ETF. KGI acts as the market-maker in the secondary market as well as a participating dealer in the primary market.

Since debuting on the SET on September 6, the fund's assets had increased from Bt1.01 billion to Bt2.39 billion by the end of last year.

The securities-borrowing and lending business is expected to rise to Bt10 billion from Bt8 billion last year, she said.

Siriporn Chanjindamanee

The Nation