Govt urged to lure novice investors with Super Savings Funds
The Federation of Thai Capital Market Organisations (Fetco) has suggested that the Super Savings Fund Extra (SSFX) should be made available again, since the total value of SSFX purchased last year was low at Bt9.9 billion.
Fetco chairman Paiboon Nalinthrangkurn said federation members will discuss this idea before taking it to other organisations such as the Securities and Exchange Commission or the Stock Exchange of Thailand.
The chairman also added that the low rate of savings creates difficulties for capital market operators.
Meanwhile, the Association of Investment Management Companies (AIMC) added that a random survey last year showed some 20 per cent of SSFX investors were young people or investment novices.
Hence, the AIMC said the government should support SSFX so more novice investors can be pulled into the capital market.
