Talis Asset Management aims for 60% AUM growth 

“This year is expected to see Bt7 billion in AUM, with several mutual funds to be launched,” said chief executive officer Chatrapee Tantixalerm. 
Talis was responsible for Bt3.2 billion worth of private funds last year, accounting for two-thirds of its total AUM. 
Chatrapee said this year might see the proportion of private funds diluted, as the company would launch more mutual funds. Currently, it has eight mutual funds worth more than Bt1 billion among its AUM. 
However, he said, wealthy individual investors were still interested in private funds, in which those who invested since March last year would gain some 20 per cent in yields. 
Currently, Talis has around 700 investor accounts, each of which and holds an average of Bt30 million AUM for private-fund clients and Bt1 million for mutual-fund clients, Chatrapee said. 
He added that Talis’ investment policy focused on equities, accounting for about 80-90 per cent of the company’s AUM. Therefore, its funds have never invested in unrated debentures, especially bills of exchange. 
“So far, we have launched a few number id money-market funds, but [only] for clients to park their money before making a decision to invest in other interesting equity funds.” 
He said this year would still see a trend towards flexible funds – mixed funds that focus on equities but can shift as much as 100 per cent of their AUM to fixed-income instruments. 
Prapas Tonpibulsak, chief investment officer of Talis, said the country’s economic and investment outlook this year was for improvement. 
However, external factors, especially changes in US economic policy and global money-market volatility, were still worrisome. 
He said the outlook for |the Thai economy was positive, backed by the government’s measures to stimulate private spending and other moves. 
“We believe the SET Index |this year is likely to move bet|ween 1,450 and 1,800 point s and to close this year higher than last year,” Prapas said.