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Strong baht hits foreign investment fund returns, TMB says

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Thai baht coins

Thai baht coins. Image Pixabay.

The strong baht has cut the value of the foreign investment fund (FIF) under fund management, falling by Bt27 billion from Bt1.2 trillion at the start of the year, TMB Bank said.

TMB said the drop reduced the fund’s return by 0.47 per cent. The least impacted funds are those covering oil investment, gold, and property funds, at 0.53 per cent, followed by a balanced fund.

Full story: The Nation

By The Nation

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