TMBAM aims to manage assets worth Bt300 billion
TMB ASSET Management Co Ltd (TMBAM)is targeting assets under management worth Bt300 billion in 2018 from Bt220 billion early this year, chief executive officer Somjin Sornpaisarn told The Nation in an interview on Friday.
“The target does not mean that we have to launch more new funds. Our goal is to combine new fund launches to serve the demand of our customers and also to manage our existing fund to generate returns that match our customers’ expectations,” he said.
Currently, the company manages 59 funds with assets under management worth Bt220 billion.
In the first four months of this year, the company issued three new funds: TMB Ultra-Short Bond Fund, TMB US Blue Chip Equity Fund, and TMB Global Income Fund.
The company plans to launch more new funds to cater to investor demand, he said.
Somjin said the key to deciding on a new fund depended on what investors wanted and whether the existing funds were enough to meet investor demand, as the financial market had many new tools.
The challenge for the company was to launch new funds that |serve the different needs of investors.
“Our business strategy is to focus on how to manage our fund to generate the best returns for our investors by offering different services to meet different customer goals,” he said.
Somjin said the company separated customer demand into three categories: Investors who put money in a fund that generates high returns which requires a fund manager to be the wealth builder;
Investors who need a fund manager to generate steady income for them or need a fund manager to generate income;
Customers who need a money manager to manage their money for the short-, medium-, and long-terms.
“At present, we believe that we are a wealth builder, income provider, and money manager for all of our customers. This is the way to build our assets under management to Bt300 billion by 2018,” he said.
