2022 is considered a difficult year for investment. various factors that reduce pressure causing market volatility both from geopolitical conflicts Russia vs. Ukraine Fed raises interest rates high and there is uncertainty to combat inflation is still higher than target Trends of a recession in Europe and the US this year. Concerns about the COVID epidemic situation, especially in China. Even at the end of last year There will be good news that China opens the country faster than the market expects. Supporting the domestic investment market is starting to have hope.
but can’t make “Mutual fund industry in Thailand” in 2022 can turn positive According to the report “Morningstar Research (Thailand) on December 31, 2022 stated that the mutual fund industry overview in Thailand (only open-ended funds) excluding closed-end funds, ETFs, REITs, infrastructure funds) in 2022, the total asset value was 3.8 trillion baht, shrinking 11.1% from the end of 2021.
By asset management companies (management companies), most of the asset values are shrinking after 2021, not even the top 10 asset management companies with net asset value (AUM) (only open-ended funds). Excluding closed-end funds, ETFs, REITs, Infrastructure funds) the highest in 2022 as follows:
1. Kasikorn Asset Management Co., Ltd. has AUM of 971,000 million baht, a 10% contraction from the previous year. It has a market share of 25.5%.
2. SCB Asset Management has AUM of 631,000 million baht, a decrease of 8% from the previous year. It has a market share of 16.5%.
3. Bualuang Asset Management has AUM of 573,000 million baht, a decrease of 2% from the previous year. It has a market share of 15%.
4. Krungsri Asset Management has AUM of 390,000 million baht, a decrease of 9% from the previous year. It has a market share of 10.2%.
5. East Spring Asset Management has AUM of 333,000 million baht, a 15% contraction from the previous year. It has a market share of 8.7%.
6. Krung Thai Asset Management Co., Ltd. has AUM of 290,000 million baht, a 29% contraction from the previous year. It has a market share of 7.6%.
7. UOB Asset Management has an AUM of 118,000 million baht, a 10% contraction from the previous year. It has a market share of 3.1%.
8. Kianakin Asset Management Co., Ltd. has AUM of 95,000 million baht, a decrease of 4% from the previous year. It has a market share of 2.5%.
9. Principal Asset Management has an AUM of 68,000 million baht, a 19% contraction from the previous year. It has a market share of 1.8%.
10. MFC Asset Management has AUM of 57,000 million baht, a 16% contraction from the previous year. It has a market share of 1.5%.
In this regard, all asset management companies have unchanged market share. Kasikorn Asset Management is still the market leader with 1/4 of the value of the Thai mutual fund industry. (Excluding closed-end funds, ETFs, REITs, Infrastructure funds)
Bualuang Asset Management, the third-highest asset value, has less shrinkage than other top 10 asset values, resulting in a slight increase in its market share to 15% from 2021 at 13.6%.
While Krung Thai Asset Management Co., Ltd. has decreased in asset values at a higher rate than others or about 29% due to the shrinking of fixed income funds. As a result, the market share dropped to 7.6%.
In addition, at the end of last year Hot topic started “Selling Asset Management Business in Thailand” by the international news agency “Bloomberg” hit the news of Kasikorn Bank. Aiming to sell Kasikorn Asset Management Co., Ltd. in the amount of 2 billion dollars after foreign investors have shown interest in acquiring many businesses.
The deal to sell the asset management business will end soon or not?
Those who are interested in bidding on Kasikorn Asset Management Co., Ltd., such as Amundi, a large fund management company from France, TPG and CVC Capital Partners, a company that invests in world-renowned private equity firms like
It is also expected that An open bidding agreement may take many forms, whether it is a acquisition. purchase of some shares or even holding hands as business partners
for the previous KBANK had clarified in the news about the sale of Kasikorn Asset Management that the bank was looking for business opportunities and additional approaches. to create benefits for customers and shareholders in all businesses of the Bank Including asset management business which is one of the Bank’s important businesses. However, if there is a transaction, The Bank will disclose information in accordance with the regulations of the Stock Exchange of Thailand in a timely manner.
In the past, the Bloomberg news website reported that in the past, major Thai financial institutions, both SCBX and KBank, were interested in selling their business or selling some of their shares in asset management companies.
On the 28th of Jan this past. via Kasikorn Bank Recently informed the Stock Exchange that the bank is considering a review of the strategic plan for selling the asset management company, which still needs to be discussed with many parties. Reiterated, such discussions may not result in any transactions.
Therefore, “selling the asset management business” of large asset management companies It is still an issue that needs to be monitored for clarity this year. Whether the deal will fail or not or there will be a new deal more or not Because foreign investors are interested in entering the market in a country that still has a lot of growth From the savings rate of Thai people is still low. and still do not have enough money after retirement
However, at present, large real Thai asset management companies with the parent bank holding a large share still have more market share But if such players did not adjust and the mother bank decided to sell a small proportion of shares, becoming a 100% sale at all because it can be seen that later races Start selling in the same product, cut the fee (fee), but the opportunity to earn income as expected from this business is reduced.
The new player position everyone follows.
it depends on “Directions in Management of Asset Management Business.” After this, how will we adjust the game? You will see the change of The driver of the large top-fighting asset management company, “Kasik Asset Management Co., Ltd., has appointed a new CEO,” Adisorn Sermchaiwong, “announced the appointment to take effect from January 3. and “East Spring Asset Management” appointed Managing Director “Darabusp Paphaphot, effective from January 1, this past. Have to wait and follow the announcement of plans soon. At the same time, senior executives Many “Fund Managers” in large asset management companies Being asked to book, move in, just like playing musical chairs. It is interesting that This season of great changes and intense competition. How to create a new dimension in the financial world of the future?
Proactive for big medium-small asset management companies
In the event of concern for medium and small asset management companies During the past COVID Instead, adjust and find your own way. “There are new forms of funds being issued. Plus generating good returns” is considered a harvest of investor money to manage. You can see that although the market share of each asset management company is close to the original, but The market share of this group of asset management firms continues to increase. There is an influx of money into new funds. The theme is quite crowded, such as “One Asset Management Co., Ltd.,” “Asset Plus Asset Management Co., Ltd.,” “MFC Asset Management Co., Ltd.” is the name that the market catches up with. I have looked and mentioned a lot in the past. That it’s really great.
The “insurance group” cannot be overlooked.
In the end, it can’t be overlooked. “Insurance business” that enters the asset management business as well There is the highest net inflow in the 4th quarter-2022 (excluding term fund).
AIA Asset Management had a 14.8% increase in net asset value to 52 billion baht from the highest net inflow of 4.4 billion baht, with more than 60% coming from mixed funds. And due to the continuous net inflow of money throughout the year, AIA Asset Management Co., Ltd. Highest net inflow of the year (excluding term fund) at 13 billion baht
while the big brother “Bualuang Asset Management” continues to make a name for the big asset management company There was also a net inflow of 4 billion baht. Of this amount, about 5 billion baht inflows into equity funds, almost all of which came from tax-saving funds. As a result, Bualuang Asset Management Co., Ltd. increased by 2.2% from the previous quarter.
But for the net outflow side, it is still similar to the previous quarter. by Kasikorn Asset Management Co., Ltd. Krung Thai Asset Management Co., Ltd. SCB Asset Management Co., Ltd. had the highest net outflows Which is the money out of short-term fixed income funds mainly in all 3 asset management companies
Open the new year this year. When the market is hopeful And the timing of investment returns is an opportunity for investment. makes the competition in the new season of the asset management business after COVID whether it is new investments that are waiting for investments that give good returns in the future And help solve the portfolio that has lost many funds that are holding and are negative.
“Fund Manager” Which asset management company will show their skill, reach the goal, bring investors of all levels to harvest wealth. Both in the short term and in the long term
