Association of Investment Management Companies

Posted Date: 29 March 2009

AIMC News, Issue 5/2009

The Board of Directors, Association of Investment Management Company (AIMC), disclosed the annual performance of the year 2008 and announced to continue the policy and action plan of 2009.

 Voravan Tarapoom, Chairperson, AIMC, together with the Board of Directors, disclosed that its annual performance of the year 2008 was in line with the policy initially announced on March 30, 2008.  She also stated that AIMC would continue the jobs as planned with aims for the industry progress and investor benefits.

Voravan disclosed, during the 2009 annual meeting of AIMC members, that the Board of Directors had announced 6 aspects of its management policy in the election of Board of Directors on 30 March 2008.

1. Industry Development included the emphasis on development for sustainable growth of 3 industries by encouraging and promoting the development of contractual savings with an aim for life security and national wealth.  This was seen from the promotion of various products such as RMF, EMF, Decentralized Mandatory Provident Fund, along with the education provision to investors, concerning the asset allocation, wealth management and, especially, tax management of which most investors had little knowledge.  In addition, AIMC targeted to encourage any development and innovations useful and proper for the nation.
2. Positioning included the commitment to cooperate with public agencies, associations and other related organizations with an aim at publicizing AIMC in the area of its role, responsibility and significance as a core organization to influence the capital market development as well as the saving and investment behavior of the public.
3. Rules and Regulations included the cooperative support to the Securities Exchange and Commission (SEC) in order to amend, revise and develop regulations to be more proper and suitable for the country development while maintaining the balance of industry growth, sustainable benefit of investors and industry overseeing.
4. Industry Good Governance and CSR included encouraging the investment management industry to be the role model in terms of good governance, corporate social responsibility at the appropriate extent.
5. Communications included emphasizing to regularly publicize AIMC’s and its members’ policy, objective, activity and accomplishment, as well as support the activities which help strengthen the good relationship among members.
6. Education included the further development of member knowledge, especially tax issues, and the recommendation to investors, both financial asset management and other knowledge.  It is aimed to elevate the employee standard to international level.

  The President disclosed that in the past year AIMC had an outstanding performance in every aspect, according to the policy, such as joining in the “Committee of National Capital Market Development”, which was chaired by the Finance Minister, and encouraging the establishment of contractual savings promotion with an aim for life security and national wealth (RMF, EMF, Decentralized Mandatory Provident Fund).  The performance also extended to the expansion of customer base in the Draft of National Capital Market Development, the proposal submitted to the Finance Ministry, the SEC, Bank of Thailand, Federation of Accounting Professions, the Revenue Department, etc. with aims at amending limitation in running business, revising the relating rules and regulations to be more flexible and responsive to circumstances and promoting the industry growth as well as protecting the investor rights in the mutual fund, private fund and provident fund industries.

Additionally, in the past year, AIMC first held the annual academic seminar, updated its website and launched the English website to ensure the information adequacy for investors when making decision and monitoring investment performance.  Other AIMC’s accomplishments extended to revealing the fund performance information through its website www.aimc.or.th, regularly publicizing the activities of AIMC, the movement of investment management industry, the progress of investor benefits, disseminating articles to provide knowledge for investors in 3 newspapers on weekly basis, arranging seminars in order to publicize investment knowledge and understanding, and recommending investment opportunities for the investors via mutual fund, private fund and provident fund throughout the year.

Voravan further revealed that, in the year 2009, the Board of Directors would continue the aforementioned policies, with the explicit action plan for each aspect, in order to ensure the continuity and concrete results.  This is ultimately aimed for the industry growth together with investor’s benefit protection. 

For further information, please contact
AIMC Tel. No. 02-2640900 Fax. No. 02-2640904

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