Thailand’s Kasikorn Bank Asset Management saw its assets grow 23.5% to 921.6 billion baht (US$29.68 billion) in 2025, cementing its position as the country’s largest asset manager, and widening the gap with second placed SCB Asset Management.
SCB ended the year with 542.8 billion baht of assets under management, up 21.7% from 2024, according to data provided to Asia Asset Management by Morningstar.
Bangkok Bank Asset Management was in third spot with assets up 3.7% to 400.7 billion baht.
Bank of Ayudhya Asset Management and KrungThai Bank Asset Management rounded off the top five with 372.1 billion baht and 264.5 billion baht, respectively. KrungThai’s assets jumped 47.5% while Kasikorn’s assets increased 31.4%.
Meanwhile, Bank of Ayudhya Asset Management attracted the largest net inflow of 73.5 billion baht last year, followed by Phatra Capital with 33.8 billion baht, and KrungThai Bank Asset Management, 29.8 billion baht.
The ten funds that drew the largest net inflows last year were all bond or money market funds.
The worst performers were mainly fixed-term bond funds and equity funds, which either attracted little inflows or suffered outflows.
