5 Korean bond funds offered this week

BANGKOK, 22 June 2009 (NNT) – Kasikorn Asset Management and Thanachart Fund offer five Korean bond funds to absorb 10 billion baht of liquidity.

Executive Organization Strategy and Marketing Communication at Kasikorn Asset Management Mr.Nakhon Tamthai said that the company would offer three new Korean bond funds as six-month Korean bond open fund (KKG6MC) for 1.4 billion baht, a one-year Korean bond open fund (KKG1YAQ) for 2.7 billion baht, and two-year Korean bond fund (KKG2YB) for 3.5 billion baht. All of them would be sold during 23 – 29 June 2009.

He said that these three Korean bond funds were interesting alternative because the return was still at a good level and more attractive than the return of fixed deposit and government bond with the same maturity period.

Besides, the funds would also receive benefit as Korean government had waived tax for foreign investors in bonds issued by the government and the central bank since 21 May 2009, while the fund had prevented currency risk by 100 per cent already.

Meanwhile Thanachart Fund had offered two Korean bond funds during June 22-29 worth 1.4 billion baht and one billion baht.