Aberdeen Standard Investments (ASI) has become the first global mutual fund manager in Thailand to obtain a Limited Broker, Dealer and Underwriter License (the “LBDU”) from the Securities and Exchange Commission, which allows it to provide global wealth solutions to domestic investors in the country.
ASI has established a strong presence and investment capability in Thailand since 2002, with over 20 domestic funds available for local investors through third party distributors. The LBDU license opens up new opportunities for the business. Through ASI’s newly launched global wealth solutions, institutional and high-net-worth investors in Thailand will be able to invest in its diverse suite of Luxemburg-domiciled global mutual funds in a cost effective manner.
Following regulatory relaxations in Thailand’s capital markets in recent years, investors who are traditionally home-biased, have started venturing beyond domestic assets through feeder funds distributed by local asset management firms and regional banks. They can now have the choice to invest in a global asset manager’s range of international funds under a single fee structure.
Robert Penaloza, Head of Thailand at Aberdeen Standard Investments, said:“This is a game changer for our business in Thailand. We are excited to broaden our services for Thai investors, capitalising on our global investment expertise and long-term track record. As the world battles the coronavirus pandemic and its economic fallouts, investors are facing unprecedented challenges today and looking to build more resilient portfolios. It is more important than ever that we help them expand their investment horizons and diversify into a breadth of asset classes and markets.”
For Thai investors who are investing offshore, ASI aims to help diversify their investments into multiple asset classes and strategies including the frontier markets bonds, China A-share equity, multi-asset diversified income and global smaller companies funds under the Aberdeen Standard SICAV I umbrella.
Robert added, “Thai investors’ awareness of Environmental, Socially and Governance (ESG) has been increasing and the pandemic is set to drive demand for more sustainable investments. As responsible investors, ESG factors have been an integral part of our investment decision-making process. We look forward to sharing our best practice in responsible investing and making our ESG-integrated global investment strategies available for Thai investors.”
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Notes to Editors:
- Aberdeen Standard Investments is a global asset manager dedicated to creating long-term value for our clients. With over 1,000 investment professionals, we manage £455.6 billion/$562.9 billion* of assets worldwide. We have clients in c.80 countries supported by over 40 offices globally. This ensures we are close to our clients and the markets in which we invest. (*as of 30 June 2020)
- We are high-conviction, long-term investors who believe teamwork and collaboration are the key to delivering repeatable, superior investment performance.
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