The state fund of Thailand, known as Vayupak Fund (VAYU1), made its debut on the Stock Exchange of Thailand (SET) on Monday.
..
The state fund of Thailand, known as Vayupak Fund (VAYU1), made its debut on the Stock Exchange of Thailand (SET) on Monday.
Key Takeaways
Vayupak Fund (VAYU1) is a Thai state fund with a value of 150 billion baht.
VAYU1 has generated significant interest since its launch, raising 130 billion baht from institutional investors and 20 billion from retail investors.
Half of its portfolio is invested in SET50 stocks, 40% in government bonds, and the rest in corporate bonds.
The fund, valued at 150 billion baht, is expected to boost the daily trading value of Thai stocks and help prevent price declines amid unfavorable external factors.
Chavinda Hanratanakul, CEO of Krungthai Asset Management and fund manager, explained that VAYU1 aims to attract new investments to the Thai stock market.
VAYU1 has generated significant interest since its launch, raising 130 billion baht from institutional…