Thailand will increase the size of a government mutual fund by an amount of 100-150 billion baht ($2.8-4.3 billion), finance minister Pichai Chunhavajira said on Tuesday.
The Vayupak Mutual Fund will offer new fund units to the public in the third quarter of this year, Pichai said in a statement. The fund mainly invests in Thai stocks.
The Vayupak fund’s current top holdings include Thailand’s largest oil and gas firm, financial group SCBX, and Krung Thai Bank, fund data showed.
Thailand’s main stock index .SETI has fallen 8.4% so far this year to be the worst performing market in Asia, with foreign investors selling 120 billion baht ($3.4 billion) worth of shares during the period.
The Thai market slumped 15% last year.
Reuters
