Firms prep 37 Thai ESGX funds for May 2 launch

Nineteen asset management firms have confirmed the launch of 37 Thai ESG Extra (ESGX) funds on May 2, with the new funds accepting transfers from long-term equity funds (LTFs) during May and June, says the Securities and Exchange Commission (SEC).

- NUNTAWUN POLKUAMDEE

The SEC is reviewing the requests to establish all 37 Thai ESGX mutual funds. Investors can check LTF-related information through the FundConnext system from the beginning of May.

FundConnext is a centralised platform for transmitting mutual fund trading and settlement data. Operated by the Digital Access Platform, a subsidiary of the Stock Exchange of Thailand, FundConnext provides a standardised infrastructure for access to mutual funds.

SEC secretary-general Pornanong Budsaratragoon said Thai ESGX funds will accept both LTF unit transfers and new investments. Transfers can begin once the new funds have been officially registered.

Investors can refer to the fund’s prospectus or consult the asset management firm handling their LTFs for further information.