Oil funds offered the highest cumulative return in 2022 of 14.6%, topping the list for the second year in a row, while technology funds were the main laggard, with a negative return of 43.5%, according to investment research and financial services firm Morningstar.
The total net asset value of multiple fund industries in Thailand, excluding closed-end, REITs, infrastructure, and exchange-traded funds, was 3.8 trillion baht last year, an 11.1% contraction from 2021. For the last quarter, inflows totalled 24.4 billion baht, while the full year of 2022 posted a net outflow of 204 billion baht, said Morningstar.
