Article: Thailand's Kasikorn Asset Management Boosts Fund Value Targets Higher.

By Krissana Parnsoonthorn, Bangkok Post, Thailand Knight Ridder/Tribune Business News

Apr. 27--Kasikorn Asset Management will raise the minimum target in the total value of its new mutual funds this year to 30 billion baht from 20 billion baht projected earlier, given the bright potential in tapping more investors looking for higher yields than bank deposits.

K-Asset president Dayana Bunnag said the company had to date launched six mutual funds worth 15 billion baht, of which two invested in equities, three in fixed-income assets and the other in the global bond market.

The seventh fund, Ruang Khao Income 6 fund, began its initial public ...

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