Investment fund suggested for Cambodia
Industrial insiders and experts on the kindgom’s nascent stock market have suggested the government set up a fund as an investment vehicle designed to broaden the local public investor base, based on The Thai Fund. Incorporated in 1987, TTF is a non-diversified, closed-end management investment company. The fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of companies organized under the laws of Thailand. KT Han, managing director of leading underwriter firm Yuanta Securities, said the Thai fund collects a certain portion of income from the general public and invests it in the local stock market for the long term, aiming to benefit from both development of the local market and the general public for long-term financial gain.
