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Public hearing on mutual fund classification for performance comparison



Wednesday 26 February 2014 | No. 25 / 2014


 
Bangkok, February 26, 2014 ? The SEC is seeking public comment on proposed rule on the classification of mutual funds based on net exposure. The classification will be used for fund performance comparison indicating maximum, minimum and average returns among mutual funds in the same category and will thus serve as useful information for making investment decision. The proposed rules classify mutual funds into 5 classes, namely equity fund, fixed income fund, mixed fund, property fund and commodity fund where the classification will be revised every one and a half year. For newly-registered mutual funds, the classification will be based on their investment policies and will be reclassified based on net exposure after disclosure of their first portfolio investment reports. The classification of mutual funds for fund performance comparison will become effective as from January 1, 2015.

The consultation paper is available on the SEC website at www.sec.or.th. Stakeholders and interested parties are welcome to submit comments through the website, or email to namporn@sec.or.th until March 6, 2014.