Association of Investment Management Companies

Posted Date: 4 July 2008

The Association of Investment Management Companies (AIMC) held press seminars in order to provide them financial knowledge. Expectedly, this will improve effective message for communication with investors, leading to the growth of asset management industry.

Ms.Voravan Tarapoom, the Chairperson of AIMC and the President of Mutual Fund Business said that the Mutual Funds Committee has agreed to collaborate with the a group of financial press to provide them financial knowledge to promote investment through media. The plans cover a wide range of educational programs such as quarterly seminars, hot issues talks, and trainings starting with the impact of Deposit Guarantee Act. 

 Mrs.Voravan mentioned that funds industry is a growing business, as seen in the growth of mutual funds accounts, that is, from 600,000 accounts in 2003 to 1.1 million accounts at present. The asset under management (AUM) has also grown from THB 7 million in 1992 to THB 1.63 trillion by 2007 (as of 27 June 2007); thus the annual growth is 156% on average. It is expected that the industry will keep on growing, especially after the Act on the Deposit Guarantee Agency is enforced. The AIMC has realized the importance of expanding the financial knowledge to general public and investors, and taking media as a communication channel with the investors, which will result in better understanding.
 
 The activities being offered include seminars on current issues and in-depth training for press, with the emphasis on financial knowledge such as capital market structure, bonds, equity instruments, derivatives, mutual funds, unit trusts, investment risks and returns, taxes, and other beneficial activities for investors and public.    

 Mr.Satit Uppacha, the representative for financial press, said that his long experience in investment information has proved to him that investors’ understanding is the key factor to the growth and sustainability of the industry. Press should release accurate information that is reliable and supports the investors in making a decision. 

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