SCBAM sees rise in fee-based income
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SCB Asset Management expects its fee-based income from fund management to rise by at least 19 per cent this year, while maintaining its leadership in the fund-management industry with a 20.52-per-cent share.
Smith Banomyong, chief executive officer of SCBAM, said the company’s fee-based income was targeted to grow at least as strongly as last year’s level of about 19 per cent.
The fund-management industry is forecast to expand by about 10 per cent this year thanks to Thailand’s sound economic fundamentals. However, fluctuations could still result from external factors.
SCBAM estimates that its assets under management will rise by 8 per cent to Bt1.4 trillion.
