ThaiDEX FTSE SET Large Cap ETF
The FTSE SET Large Cap exchange-traded fund (ETF), which has the FTSE SET Large Cap Index as its underlying asset, was listed in the unit trust sector and began trading on The Stock Exchange of Thailand (SET) on August 5. TFTSE focuses on investing on the 30 large stocks with high liquidity in the FTSE SET Large Cap Index, SET Chief Marketing Officer-Market & Post-Trade Services Sopawadee Lertmanaschai reported. It will use “TFTSE” as its trading symbol.
TFTSE is managed by One Asset Management Limited (ONEAM) and was previously offered to the general public during July 20-28, 2009. KGI Securities (Thailand) PCL will act as TFTSE market maker to ensure adequate liquidity.
TFTSE is the third equity ETF on the Thai bourse. It is open-ended fund and has a policy to create return that is closed to FTSE SET Large Cap Index. TFTSE will pay out dividend from retained earnings or net profits not over 4 times a year. Investors can open accounts or trade TFTSE through existing accounts with any securities company.
“TFTSE will be attractive for investors who do not have time to follow and analyze each stock also institutional investors who need an effective asset management tool. Launching this ETF is the first important step in using the TFTSE SET Index Series to benefit the Thai capital market,” said Ms. Sopawadee.
For more information on TFTSE, please visit ONEAM’s website at www.one-asset.com, SET’s website at www.set.or.th , or call S-E-T Call Center at 0 2229 2222.
Article Source: Stock Exchange of Thailand website