Only money market funds and foreign funds recorded net purchases in the first nine months of this year, while the overall mutual fund industry reported net outflows of 230 billion baht as investors divested high-risk funds amid market volatility, says Morningstar Research (Thailand).
Net mutual fund assets totalled 3.7 trillion baht as of the third quarter, with money market funds having the highest net assets of 700 billion baht and a net inflow of 54 billion baht.
The total of 700 billion baht was a slight decrease from the second quarter, but was up 8.9% compared with the end of last year.
