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(Nov 26, 2008) It was reported on October 30, 2008, that mutual fund companies in Thailand, with the exception of property funds, must now disclose their portfolio holdings on a monthly basis, rather than every six months. More specifically, companies must make public, within 15 days after the end of the month, the portfolio's top five industries and top five stocks. The Thai Stock Exchange Commission stated that the new ruling is aimed at providing current updated information to those investors "who may be deciding to invest in mutual funds at a time of high volatility." (More Information from Mutual Funds, THE NATION, Oct. 30, 2008, available at http://www.nationmultimedia.com/2008/10/30/business/business_30087206.php; Mutual Funds, THAI LAW FORUM, Oct. 31, 2008, available at http://www.thailawforum.com/news/2008/news-Oct4-08.html.)
|Author:||Wendy Zeldin More by this author|
|Topic:||Securities More on this topic|
|Jurisdiction:||Thailand More about this jurisdiction|
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Last updated: 11/26/2008