Thailand’s fund management industry assets climbed 1.67% last year from gains in gold funds.
The industry’s assets under management as of end-2025 were 3.65 trillion baht (US$117 billion) up from 3.59 trillion baht in 2024, according to figures shared with Asia Asset Management by US financial data provider Morningstar Direct.
Gold prices have soared to record levels as investors seek the safety of the traditional safe haven asset amid geopolitical tensions and a weakening US dollar.
Four of Singapore-based Eastspring Investments’ funds, all gold-related, were the best performers in Thailand last year.
Top of the list was the Eastspring Gold Bullion Retirement Mutual Fund-Currency Hedged Fund, with a return of 59.07%. The other three funds all earned returns exceeding 50%.
Thai investment bank TISCO’s China Strategy Fund was the fifth best performer with a return of 28.19%.
Meanwhile, fixed income funds managed by homegrown Kasikorn Asset Management and Siam Commercial Bank Asset Management’s attracted the highest net inflows.
Kasikorn’s K Fixed Income Fund drew 59.9 billion baht and the SCB Dynamic Bond attracted 58.32 billion baht.
At the other end of the scale, two funds managed by local investment firm Bualuang Asset Management were hit by the largest outflows.
The Bualuang Equity Fund and Bualuang Thanasarn Plus registered outflows of 13.97 billion baht and 11.41 billion baht, respectively.
