Retail reluctance

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UOB Asset Management in Thailand launched its latest structured fund in August: the three-year UOB Select SET 50 Index Link 1, a closed-ended fund that invests in 100% principal-protected notes issued by local and foreign banks. But like other equity markets, the Thai market was hit by the collapse of the US subprime market. On August 6, the SET 50 index, based on 50 listed companies in the SET Index traded on the Stock Exchange of Thailand, fell to 4,632.76 points and continued to tumble, r

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