Morningstar Awards to Thai mutual funds

 While Krungsri snatched two awards for its equity funds, one each was presented to MFC Asset Management Co Ltd and Kasikorn Asset Management Co Ltd.
 The awards are a result of cooperation of Morningstar Research (Thailand) Co Ltd, the Association of Investment Management Companies and Money & Wealth magazine.
 Equity and fixed-income funds are rated on their risk-adjusted return record, total expense ratio and portfolio turnover.
 In the Equity General Fund category, the award went to Krunsri Dividend Stock Fund. In the Equity Large Cap Fund category, the winner is Krungsri Dynamic Fund. In the Mid/Long Term Fund category, the winner is Ruang Khao Fixed-Income Class. MFC Smart Fixed Income Fund won an award in the Short Term Bond Fund category.
 The magazine and the association also introduced the awards for LTF and RMF.
 Krungsri Dividend Stock LTF was awarded in the LTF Fund Award category, TMB Asset Management's Jumbo25 RMF was awarded in the RMF/EQ Fund Award category and Thanachart Asset Management Co Ltd's Nasset General Fixed Income RMF in the RMF/Fix Fund Award category.
 The RMF/LTF awards are presented to promote long-term savings. At the end of February, combined investment through the two types of funds stood at Bt246.89 billion, up by Bt48 billion or 24.33 per cent from the same period last year. Of total, Bt149.75 billion is invested in LTFs.