AJF launches ThailandÆs first online mutual fund service

Other asset managers are likely to follow as mutual funds gain popularity with retail investors.

Ayudhya Jardine Fleming Asset Management AJF has launched a new internet service in Thailand to cater for what it sees as a growing number of mutual fund investors turning to the internet.

AJF is a joint venture of the Bank of Ayudhya, Thailands fifth largest bank, and JF Asset Management, one of Asia's largest investment management companies. Its new service is called AJF ccess and Reungvit Nandhabiwat, managing director of AJF, claims it is the first internet-based mutual fund service ever unveiled in Thailand.

Mutual funds were only introduced into Thailand in 1992 and rapidly became popular after the financial crisis of 1997. According to the Securities and Exchange Commission, as of...

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