SEC-Capital Market Inviting the new generation to save money. Thailand ESG Fund is on sale today.

Bangkok 8 Dec. – Executives of the SEC-Capital Market Invite the new generation Buy long-term savings investment units, Thailand ESG Fund, up to 100,000-baht, tax deduction for 2023 up to 30%, sales start today. Pointing out that this is the first step in Thailand having an ESG fund after studying for many years. Confident that we will cooperate with all parties to make Thailand a world-class ESG fund leader.

Mrs. Pornanong Busaratrakul, Secretary-General of the Securities and Exchange Commission (SEC), said that the Thai Mutual Fund for Sustainability (Thailand ESG Fund) or Thai ESG is considered a fund that will help good people who Come invest in long-term savings rather than supporting the stock market as many people view. Therefore, the target group will focus on the new generation of workers who will save money for the long term. Thai ESG mutual funds are funds that have a policy of investing in a variety of sustainable assets where the issuer of the assets is the government or Businesses established in accordance with Thai law, which the SEC is ready to support To give people the opportunity to choose to invest in mutual funds that promote sustainability in Thailand. They will receive tax benefits from investing in such mutual funds starting from the tax year 2023.

However, the Thai Mutual Fund for Sustainability (Thailand ESG Fund) or Thai ESG has a policy of investing in assets that are outstanding in sustainability or the environment. and the issuer of the assets is the government sector or a business established under Thai law. It is effective from 1 December 2023 onwards in accordance with the Cabinet resolution on 21 November 2023 that approved tax measures to promote investment for sustainability in Thailand. The first batch of Thai ESG mutual funds, totaling 22 funds from 16 asset management companies, is organized by the Association of Investment Management Companies (AIMC) and will begin opening from December 8th onwards.

Mr. Phakorn Peetathawatchai, Director and Manager The Stock Exchange of Thailand (SET) said that this Thai ESG mutual fund is an important step for Thailand to have a fund that provides long-term savings for the new generation. Even though the Thai stock market has studied in the past, it has not received any response. But every relevant agency sees its importance. Since stock markets around the world have such funds and have been well received, it is believed that the emergence of Thai ESG mutual funds in Thailand will definitely receive a response from the new generation of investors. And the Thai stock market has an idea to cooperate with relevant agencies to promote Thailand as an attractive country to invest in Thai ESG mutual funds in the future. which the Stock Exchange is ready to fully support

Mr. Kobsak Phutrakul, Chairman of the Thai Capital Market Business Council, said that the Thai ESG mutual fund will be a fund that will help those who want to save money in the long term. It has 4 main advantages, including: 1. It is long-term savings. 2. Tax reduction aspect 3. It is an investment for the future and 4. This fund is better than depositing money with a bank. and believe that Thailand is ready and that it is possible for Thailand to have a fund like this in the world

Mrs. Chawinda Hanrattanakul, President of the Association of Investment Management Companies, said that Thai ESG mutual funds will begin selling investment units from December 8 onwards, through 22 funds from 16 asset management companies that will provide services to Investors And it is considered a good time. Those who invest in Thai ESG mutual funds of 100,000 baht can immediately use it for a 30 percent tax deduction in the 2023 tax year at the beginning of 2024. Therefore, we would like to invite those who have savings to be interested in buying investment units. through Thai ESG mutual funds. Investors will be able to check the names of 16 asset management companies through the SEC website https://sustainablefinance.sec.or.th/Fund.-541-Office Thai news

Source: Thai News Agency

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