Determinants of Growth for Thai Mutual Fund Industry
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Among funds, there are substantial differences in risk-return profiles,
investment horizons, asset allocation, eligible instruments, risk tolerances, and
constraints.
19
Because each fund is different and has varying goals and objectives,
it is difficult to generalize about the investment strategies of SWFs as a class. For
example, an oil-exporting economy may initially establish a SWF for stabilization
purposes. However, if the assets under management by the SWF grow to exceed the
levels needed for stabilization, the country may either change the priorities and
investment strategy of the fund or establish a separate fund with a more aggressive
investment approach. Thus, several countries have multiple sovereign...
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Determinants of Growth for Thai Mutual Fund Industry
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Determinants of Growth for Thai Mutual Fund Industry
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