Bangkok: KAsset joins hands with global partner “Lombard Odier” to focus on sustainable investment. Reinforcing the leadership of Thai mutual funds
Kasikorn Asset Management Company Limited (KAsset) announced a sustainable investment partnership with Lombard Odier, a world-renowned financial institution from Switzerland. As an advisory partner that will help define strategies and develop investment products for sustainability (Sustainable Investment) according to international standards. Strengthen KAsset, emphasizing its leadership in Thai mutual funds. and push the Thai mutual fund industry to grow on par with the rest of the world.
Miss Khattiya Inthawichai, Chief Executive Officer Kasikorn Bank revealed that financial institutions play a role in being the upstream of the economic system. Kasikorn Bank is therefore committed to continuously driving business on the principles of sustainable banking (Bank of Sustainability). and deliver sustainable value to all stakeholders Including continuous and concret
e actions to drive environmental, social and governance (ESG) to create positive impacts on a large scale. Including aiming for net zero greenhouse gas emissions. Kasikorn Bank is therefore very pleased to see the sustainable investment collaboration between KAsset and Lombard Odier, who both place importance on sustainability. and have been partners for a long time Leading to raising the level of offering investment products to the next level. To deliver long-term growth in returns to investors and create a sustainable world together
Mr. Adisorn Sermchaiwong, Chairman of the Executive Committee Kasikorn Asset Management Company Limited or KAsset revealed that KAsset has focused on sustainable investing for more than 10 years since 2013, taking into account environmental, social and governance (ESG) factors. Applied in the investment process Starting from selecting securities to creating an investment portfolio. and is the first Thai asset management company to sign the UN-supported Principles for Responsibl
e Investment (UNPRI), which is supported by the United Nations (United Nations) to demonstrate its commitment to enhancing compliance. Internationally accepted investment principles since 2021. KAsset’s ESG fund is also the first fund in the industry to apply for approval from the Securities and Exchange Commission (SEC). to be a sustainable mutual fund (SRI Fund). Currently, KAsset has funds that have been approved to be
SRI Funds total 6 funds and hold the number 1 market share with a value of over 20 billion baht, accounting for 79% of the entire industry (Source: SEC Office as of 31 Jan. 2024)
In this regard, the effects of the rapidly changing climate problem Makes investors pay more attention to investments that help support the sustainable development and growth of both the economy and society in the future. This is another challenge for KAsset in developing processes and products to accommodate and support such changes. Therefore, in collaboration with Lombard Odier, a leading global investment mana
gement company specializing in sustainable investments, It will enhance the potential of KAsset to be applied in the entire fund management process under management. Including funds that have ESG strategies to their full potential. Reinforcing Thailand’s leadership in mutual funds Ready to help push the Thai mutual fund industry towards sustainable investment development, growing on a par with developed countries around the world.
Mr. Ouber Keller, Senior Managing Partner, Lombard Odier, revealed that the climate transition towards the goal of net zero greenhouse gas emissions (Net Zero) is still considered an issue that the market has underestimated. Because of the sustainable transition Business processes must be changed at every step. From business model development, production to delivering products and services to consumers. This will create enormous investment opportunities. We, as investment management executives Aiming at building trust to help guide investors and create an understanding of the relat
ionship between investments under the Net Zero economy. We are also ready to be a sustainable investment consultant. Both about seeking investment opportunities that follow changing world trends under appropriate risk management. Following Lombard Odier’s service philosophy that focuses on “new thinking” in investment allocation.
Mr. Vincent Manianat, Limited Partner, Asia Regional Head and Global Head of Strategic Alliances, Lombard Odier, revealed that the sustainable investment collaboration between Lombard Odier and KAsset will reinforce the good relationship between Lombard Odier and KBank. that has been in existence for 10 years, and with more than 227 years of investment experience accumulated by Lombard Odier, we are ready to provide knowledge and expertise in sustainable investing to KAsset to be able to develop processes and products in line with to meet the Net Zero goal to its full potential. However, we believe that financial institutions and investors have an important role to play in promoting
and supporting the drive for sustainability issues. To push for change in society and sincerely hope that We will be able to continue providing advice. and seek sustainable investment opportunities for KAsset in order to continue delivering returns to Thai investors.-511-Thai News Agency
Source: Thai News Agency