The Association of Investment Management Companies (AIMC) tried to assure investors yesterday about the selection process of mutual funds that held shares in Stark Corporation (STARK), saying the funds follow international standards when making investment decisions.
AIMC chairwoman Chavinda Hanratanakool said all mutual funds adhere to global accountability standards in protecting investors' benefits. The funds are strictly supervised by the Securities and Exchange Commission (SEC).
"Mutual fund personnel made investment decisions based on the information released to the public through the channels of the Stock Exchange of Thailand [SET] and other sources. They analysed financial statements, which are approved by auding firms, and invested in bonds that received ratings from authorised rating agencies," she said.
