KTAM predicts asset growth of 10% this year

Krungthai Asset Management (KTAM) aims to grow its assets under management (AUM) by 10%, or 111trillion baht this year, maintaining its position as the third-largest asset manager in Thailand.

- NUNTAWUN POLKUAMDEE

This year, KTAM is focusing on investment diversification across both equities and fixed-income in Thailand and overseas to mitigate market volatility, said chief executive Chavinda Hanratanakool.

The firm's AUM for Thai mutual funds totalled 951 billion baht as of year-end 2024. The growth rate this year is difficult to predict given the high volatility in the industry, she said.

Last year, KTAM reported total AUM of 951 billion baht, up 4% from a year earlier, and exceeding industry growth of 1.0%.

"The global economy continues to grow but there are several risks, particularly the impacts of US tariff measures," said Mrs Chavinda.