Government Savings Bank Partners with 10 Leading Asset Management Companies to Curate Top Funds for Every Investment Style

Government Savings Bank has created a significant milestone in the mutual fund industry by launching "GSB The Selected," a major collaboration with 10 leading asset management companies in Thailand to advance Thai savings and investments amid a challenging global economy.

GSB partners with 10 leading asset management companies.

Songpon Chuwapanyaroj, Director of Government Savings Bank, stated that today the concept of "saving money" is no longer limited to just "depositing money." Good saving habits throughout life are a fundamental foundation that strengthens society and the livelihoods of all Thai people.

The collaboration among these 10 asset management companies is highly challenging; bringing together strong and expert firms will greatly enhance the efficiency of Thai people’s savings.

Government Savings Bank is committed to building financial foundations and supporting customers at every life stage by leveraging its extensive branch network nationwide, which is crucial for educating the public about risk and returns.

The bank has selected interesting and diversified asset funds from leading asset management companies to offer customers a new dimension of investing, which will be a key mechanism to drive stable wealth creation for Thais.

List of standout funds from 10 asset management companies.

Amid a volatile global economy and a high-uncertainty post-war environment, many investors face challenges selecting funds from thousands available in the market.

Government Savings Bank has screened the best funds to create portfolios suited to clients by dividing investment groups into three types according to risk tolerance, aiming to build stable wealth for Thais.

Group 1: Stability-focused, generating steady income for those seeking to avoid volatility and emphasize cash flow.

Thanachot Rungsitthiwat, Managing Director of MFC Asset Management (MFC), advised that in a market with uncertain directions, investors should avoid speculating on one path and instead diversify across assets to secure stable income. He recommends investing to generate cash flow through bonds, U.S. stocks, and global real estate, suggesting these funds:

• M-SMART INCOME-AR fund focuses on investing in high-quality global bonds to generate steady cash flow and consistent interest income.
• MUSPIN-H-AR fund focuses on investing in large-cap U.S. stocks.
• MGPROP-AR fund invests in global real estate, tapping into new megatrends like data centers.

Sira Klongwicha, Chief Investment Officer at Krungsri Asset Management, views the rise of the 10-year U.S. government bond yield to 4.5% as an attractive entry point for foreign bond funds, both government and corporate. He recommends two funds managed by global expert PIMCO, which have successfully navigated multiple economic cycles, especially in core portfolios:

• KF-SINCOME fund.
• KF-CSINCOME fund.

Ratchada Tangharat, Deputy CEO of UOB Asset Management (Thailand), emphasized balancing portfolios through active bond funds that can adjust strategies amid market volatility, recommending two main funds:

• TCMF fund focuses on investing in deposits, treasury bills, and highly secure government bonds, suitable as a cash reserve.
• UGIS-N fund invests in global bonds through PIMCO.

Kittikhun Thanaratphatnakit from Kasikorn Asset Management added that investing in high-quality, highly liquid Thai bonds with diversified risk is a safe alternative, recommending these funds:

• K-SFPLUS-A fund focuses primarily on Thai bonds for investors seeking returns exceeding a 1-year fixed deposit.
• K-FIXED-A fund targets medium-term Thai bonds; both funds select bonds rated A+ or higher.

Group 2: Growth-focused, accepting higher risk for investors seeking higher returns.

Wannajan Ungthavorn, Deputy Managing Director of Krungthai Asset Management, highlighted growth opportunities in Asian investments, especially China, driven by AI technology. She also sees potential in gold prices and global real estate, recommending these three standout funds:

• KT-A Shares fund invests in advanced Chinese technology stocks benefiting from economic stimulus measures.
• KT-Precious fund focuses on mining and precious metals with medium- to long-term upside.
• KT-PIF-A fund invests in global infrastructure to help balance portfolios and generate cash flow.

Nanmanas Piamtipmanas, Chief Investment Officer at SCB Asset Management, observed that growth stocks with strong profitability and margins at reasonable prices are attractive, focusing on the U.S. stock market and recommending these funds:

• SCBUSA and SCBDIGI funds invest in U.S. equities, especially technology and digital sectors benefiting from AI trends.
• SCBNK225 fund targets the Japanese stock market, home to global AI-leading companies.
• SCBPIN fund invests in large-scale global infrastructure to help balance portfolios.
• SCBGOLDH fund invests in gold to aid risk diversification.

Komsan Pholanusonthi, Managing Director of Asset Plus Asset Management, focuses on globally balanced quality stocks combining growth, stability, and recovery, offering potential double-digit returns, recommending:

• ASP-GFEQ fund invests in quality global stocks across cycles, balancing growth, stable, and recovering stocks.
• ASP-NGF fund actively manages investments in the Japanese stock market, which is experiencing strong economic recovery.
• ASP-VIET-A fund focuses on the Vietnamese stock market, the fastest-growing in ASEAN.

Group 3: Balanced group, emphasizing portfolio balance for investors seeking moderate risk and returns.

Phot Harinsut, CEO of Wann Asset Management, sees the goal as gradually moving GSB deposit customers into higher-risk assets.

He recommends diversifying investments as follows:

• ONEFAR fund focuses on bond investments.
• ONEUGG fund combines with global high-growth equity funds.
• ONEPROPSG fund invests in Singapore real estate funds benefiting from the AI and digital era to receive steady dividends.

Darabut Papajan, Managing Director of Eastspring (Thailand), emphasizes blending funds to fit individual risk levels.

This includes diversifying across global quality stocks, short-term bonds, and global bonds.

• ES-GQG fund focuses on long-term growth in global quality stocks.
• ES-GINCOME and ES-IPLUS funds invest in short-term and global bonds.

Jumphon Saimala, CEO of Principal Asset Management, offers solutions across the full risk spectrum with four main funds, recommending the easy-to-remember "10-20-30-40" portfolio allocation for medium risk, as follows:

• PRINCIPAL VNEQ-A fund targets specific investments in the Vietnamese stock market, offering high return potential (10%).
• PRINCIPAL GOPP-A fund invests globally to increase growth opportunities in stock markets (20%).
• PRINCIPAL IPROP-A fund invests indirectly in real estate via REITs in Thailand and Singapore to receive steady rental income and dividends (30%).
• PRINCIPAL DPLUS-A fund focuses on short-term bonds aiming for returns above deposits and inflation (40%).

This historic cooperation underscores Government Savings Bank’s role in safeguarding the financial health of all Thais throughout life by leveraging expertise from 10 top asset managers to meet diverse needs amid a challenging global market.

For those interested, Government Savings Bank offers services through its branches nationwide with investment advisors and via the MyMo app (specifically for MFC Asset Management), helping customers start investing easily, select suitable funds, diversify conveniently, manage balanced portfolios, and efficiently create opportunities for appropriate returns.

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