Morningstar Research: Thais invested US$400 million in off-shore funds, up 114%

Prachachart Turakij, a business newspaper in Thailand, quoting Morning Star Research, reports for the first 9 month of 2013, the amount of money Thais invested in mutual funds that invested in USA, Eurozone and Japan, went up about 100% to stand at about US$400 million. These mutual funds, according to the paper, returned about 14% when mutual funds that invested in Thailand, returned about 4%. On the popularity of these global funds, the paper quoted Morning Star Research, Kitikhun Thanaratpattanakij, saying the Thais were riding the fund flow, out of emerging markets to leading global markets such as Japan and USA. Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The firm offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 437,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 10 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services and has approximately $176 billion in assets under advisement or management as of Sept. 30, 2013. The firm have operations in 27 countries.

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