Government Savings Bank partnered with 10 asset management companies to broaden savings and investment options available to its customer base, giving customers access to a wider range of funds calibrated to individual risk appetites.
PARTNERSHIP STRUCTURE AND OFFERING
GSB's president announced the tie-up at the bank's head office on 15 June under the 'GSB The Selected' programme, which offers funds chosen by the 10 managers under a thematic investment approach. GSB said the programme gives customers options beyond its deposit and savings-lottery products and helps them choose funds suited to their goals and risk levels. GSB acts as a selling and redemption agent for the fund managers' units.
The 10 managers are Kasikorn Asset Management, Krung Thai Asset Management, SCB Asset Management, Krungsri Asset Management, MFC Asset Management, Eastspring Asset Management (Thailand), UOB Asset Management (Thailand), Principal Asset Management, One Asset Management and Asset Plus Fund Management.
FUND GROUPS AND RISK DISCLOSURE
GSB said investors should understand each fund's features, return conditions and risks before investing, and that its fund recommendations do not guarantee returns.
The selected funds are grouped into three portfolios (a low-risk stable portfolio focused on debt instruments, an equity-focused growth portfolio, and a balanced portfolio of mixed assets and real estate) and are sold through investment advisers at GSB branches nationwide, with MFC Asset Management's funds also available on the MyMo app. GSB said the programme was meant to make it easier for Thais to start investing, choose suitable funds and spread risk, amid inflation and a volatile global economy.
Sources: Bangkok Post Finance
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