Mutual fund asset value up 2.6%

Total net asset value in Thailand’s mutual fund recorded 2.6% growth in the first quarter, championed by the Oil Fund which gave the highest return at 24% while the gold fund sank 9%, says Morningstar Research Thailand. Investment in sustainable funds around the world is also increasing amid growing concerns over global climate change and the Covid-19 crisis. The total net inflow of Thai mutual funds was recorded at 33.4 billion baht for the first quarter, up 2.6% from the end of 2020. Equity funds were reportedly the main contributor to the inflow while the Thai fund industry, including mutual…