Kasikorn Asset Management Launches New ThaiESG Funds
Kasikorn Asset Management has introduced two new ThaiESG funds targeting high-dividend stocks, while maintaining a year-end SET index target of 1,700 points.
According to Prachachat Business, Kasikorn Asset Management (KAsset) has launched two new ThaiESG investment funds. These funds focus on high-dividend stocks with an estimated yield of 5.4% and a mix of fixed-income instruments. The firm maintains its year-end target for the Stock Exchange of Thailand (SET) index at 1,700 points, citing that current valuations remain below historical averages.
For residents and investors, these funds offer a potential avenue for year-end tax planning, with tax deductions available for investments up to 300,000 baht. KAsset projects that earnings for listed companies will grow by 5% in 2027, suggesting a positive outlook for the Thai market.
While these financial products are now available, potential investors should note that market performance is subject to volatility. The firm’s projections regarding the SET index and corporate earnings growth are estimates based on current market analysis and are not guaranteed. Residents interested in these tax-deductible investment options should consult with financial advisors to determine if these products align with their personal financial goals and tax situations. Further details regarding the specific composition of these funds and their long-term performance remain to be confirmed as market conditions evolve.
