Tuesday, September 29, 2020

Tisco recommends mutual funds that ride the mega-trend wave

Jul 23. 2020
Vorasinee Sethabutr, head of wealth product development at Tisco bank
Vorasinee Sethabutr, head of wealth product development at Tisco bank
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By Wichit Chaitrong
The Nation

Tech, healthcare stocks and digital learning platforms are the winners in this present situation, the head of wealth product development at Tisco bank, Vorasinee Sethabutr, said, recommending the firm’s mutual funds that invest in such companies.

She revealed that Tisco has an investment strategy on mega trends, which show that as many countries have an ageing society, people want to live longer, leading to advances in healthcare technology. Meanwhile, in this information and communications technology era, the cloud computing business is reaching new heights.

Tisco launched 12 mutual funds this year for investors, with tech and healthcare funds being the top performers, she said.

For instance, the Tisco Cloud Computing Equity Fund invests in shares of potential high-growth companies such as Netflix, Twilio, Zoom Video Communications, Paycom Software and Shopify.

Tisco also advises investors to purchase the One Global E-Commerce Fund, which invests in e-commerce giants Amazon and Alibaba as well as in others such as Netflix, online TV shows and movies and Delivery Hero, a food delivery service.

It also recommends the United Education Technology Fund, which invests in online innovative education services and the CS (Lux) Edutainment Equity Fund. Potential high-growth firms in the investment portfolio include 2U. 2U has cooperated with 30 universities across the globe to create digital content for e-learning. It provides both degree programmes and short courses. 

GSX Techedu, a leading online tutoring service in China, is another. The company applies artificial intelligence and data analytics to support students. This technology can analyse student behaviour on “15,000 dimensions”. 

There is also the Chegg online education service, which not only provides students rented textbooks as new ones are very expensive, but also has other educational services. The company has 36 million university and high school student subscribers in the US and 18 million secondary school and tertiary student subscribers in Canada, Australia and the United Kingdom. 

Instructure is yet another worthy online e-learning firm that provides learning management system services via website and application to kids and university students. Its Canvas online learning has been used by as many as 3,000 schools and universities. It currently has 9 million users.

Meanwhile, advancements in biotechnology have led to improving therapy including for cancer. The Tisco Biotech Healthcare Fund, for example, has invested in advanced medical technology, with the Biotech fund having invested in CS (Lux) Global Digital Health Equity, Vorasinee added.

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