UOB stays positive
UOB Asset Management in Thailand has launch its latest structured fund for retail investors with a return linked to the SET 50 index. But the timing was unfortunate, with the August release coinciding with the turmoil in the US subprime mortgage turmoil, which has made investors reluctant to invest, writes Amanda Lee
UOB Asset Management in Thailand launched its latest structured fund in August. The three-year UOB Select SET 50 Index Link 1 is a closed-ended fund that invests in 100% principal-protected notes issued by local and foreign banks.
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 plummet
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