Government Savings Bank partners with 10 asset management companies to support Thai investors in growing their savings with“GSB The Selected”offering selected top funds to make starting investments easier via MyMo and all branches nationwide.
Mr. Songpol Chewapanyaroj, Director of Government Savings Bank,revealed thatGSB has collaborated with 10 leading asset management companies nationwide to launch a new dimension of investment under Thematic Investment. This approach selects quality funds aligned with future global trends to elevate financial services for Thais and broaden access to diverse investments amid a highly volatile global economy. Mr. Natthorn Pothipaet, Deputy Director of GSB’s Investment and Financial Management Group, along with senior executives from the 10 asset managers, attended the event.
Mr. Songpol Chewapanyaroj, Director of Government Savings Bank, stated that amid global economic challenges, inflation, and rapid changes, relying solely on savings may not ensure long-term financial security. Many Thais hesitate to start investing due to concerns about risk and lack of knowledge. As a bank for society and every life, GSB aims to promote savings per its core mission while providing opportunities to grow savings through investment options beyond deposit products and savings bonds. The “GSB The Selected” initiative collaborates with 10 leading asset management firms to select quality funds based on Thematic Investment, divided into three main groups covering all goals and risk levels. Services are available at GSB branches nationwide with investment advisors and through the MyMo app (specifically with MFC Asset Management PLC) to help customers start investing more easily, choose suitable funds, diversify risk conveniently, manage balanced portfolios, and create opportunities for appropriate returns effectively, as follows.
Group 1: Stable Portfolio with low risk, focusing on fixed income securities, providing steady income and balanced risk management. This is a first step for those seeking to convert savings into opportunities for stable and higher returns. Recommended funds come from MFC Asset Management PLC, UOB Asset Management (Thailand) Co., Krungsri Asset Management Co., and Kasikorn Asset Management Co.
Group 2: Growth Portfolio aiming for wealth accumulation, focusing on equities to capture opportunities from global economies, innovations, and leading stock markets. Suitable for investors seeking long-term growth. Recommended funds come from Krungthai Asset Management PLC, SCB Asset Management Co., and Asset Plus Co.
Group 3: Balanced Portfolio focusing on mixed assets and real estate to open opportunities for long-term returns. Suitable for those seeking sustained wealth. Recommended funds come from Eastspring Investments (Thailand) Co., Principle Asset Management Co., and Wannarat Asset Management Co.
This collaboration underscores GSB's role in driving its social mission for every life, not only as a leader in promoting savings but also in enhancing comprehensive financial services to build financial security for Thais to withstand economic challenges sustainably. The 10 leading asset management partners play a key role in designing these investment themes. They include Kasikorn Asset Management Co., Krungthai Asset Management PLC, SCB Asset Management Co., Krungsri Asset Management Co., MFC Asset Management PLC, Eastspring Investments (Thailand) Co., UOB Asset Management (Thailand) Co., Principle Asset Management Co., Wannarat Asset Management Co., and Asset Plus Co.
GSB acts as the sales support and repurchase agent for the asset management companies. Investors should thoroughly understand the product features, return conditions, risks, and tax benefits detailed in the investment prospectus before investing. They should select funds that suit their objectives and acceptable risk levels. Past performance does not guarantee future results. Investors may face currency exchange risks as hedging depends on the fund manager's discretion. This investment advice follows the framework agreed upon by GSB and its 10 asset management partners, aiming to create opportunities for returns according to portfolio types, not guarantees of returns. Risks include the possibility that returns may not meet expectations or losses may occur. Interested investors and the public can seek consultation, additional information, or prospectuses at GSB branches offering unit trust services nationwide starting today.
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