AIA Launches ‘AIA Investment Management (Thailand)’
AIA Launches ‘AIA Investment Management (Thailand)’ Offering Global Opportunities, Becoming the Third-Largest Investment Management Company with 847 Billion Baht in Assets Under Management
Bangkok – 10 August 2020: AIA Thailand, a leader in the life assurance and unit linked market in Thailand, is driving the capital market by launching AIA Investment Management (Thailand) Co., Ltd. (AIAIMT) to manage funds under AIA unit linked policies. The company will leverage its over 30 years of portfolio management expertise, connect investors with opportunities through its global network, and upgrade sustainable investment and business operations with ESG principles. AIAIMT comes with a lower fee for active funds offering better returns to customers.
Dr. Mark Konyn, Chief Investment Officer, AIA Group, said that AIA Group is the world’s largest insurance group, with strong investment experience in 18 countries in the Asia-Pacific and over 150 investment management experts across all regions in the world. AIA Group realizes the potential of managing the large amount of assets of AIA Thailand that have been investing in Thailand in the bond, equity and property markets supported by extensive resources across AIA Group. Throughout the 82 years that AIA has been with the Thai people, the company has demonstrated both its strength and potential achieving the largest market share in the country.1Currently, more than one-third of life insurance policies in Thailand are with AIA,2 ensuring that the company continues to play a vital role in the Thai capital market. The official opening today of AIA Investment Management (Thailand) Limited, or AIAIMT, marks another major milestone for AIA in Thailand.
“AIAIMT will be one of the country’s largest investment management companies with investment management experts offering more than three decades of experience and successfully managing financial investment. AIAIMT will focus on a sustainable investment policy and operate its business by addressing Environmental, Social and Governance (ESG) principles. This is aligned with AIA Group’s policy of operating with integrity in accordance with ESG principles to build opportunities to create solid and sustainable returns,” said Dr. Konyn.
Mr. Sukkawat Prasurtying, Chief Executive Officer, AIA Investment Management (Thailand), noted that AIA Investment Management (Thailand) was established with 100 million baht in registered capital to manage the assets and investments of AIA Thailand’s unit linked plans with an aim to deliver investment services and the best benefits to customers. Currently, AIAIMT is the third largest investment management firm in the country with 847 billion baht in assets under management (AUM). The company has a highly experienced team of fund managers accustomed to investing in both the Thai and international markets. AIAIMT will connect with AIA Group’s investment network around the world, together with other capable business partners to appropriately and effectively manage investments.
“The establishment of AIAIMT is a good opportunity for our policyholders to connect with AIA’s global investment network, reinforcing AIA Thailand’s vision of investing side by side with customers, and managing assets through our world-class expertise and experience as well as using advanced and secure investment technologies in order to generate favorable long-term returns to investors. Also, AIAIMT will provide opportunities to tap into international markets through our well-respected global network and business alliances, which include BlackRock, Wellington Management and Baillie Gifford, opening more doors with the potential for better returns for Thai investors. We invest our own money in the same funds in which you will invest yours,” said Mr. Sukkawat.
AIAIMT set up nine new funds, including five local funds and four foreign investment funds. The funds will focus on long-term gains, cover any industry with consistent growth, and will be managed with careful risk management. Initially, AIAIMT launched the five local funds and will launch the foreign investment funds shortly.
For more information of AIA Investment Management (Thailand), please contact Tel 0-2535-8822 or www.aiaim.co.th
Remarks:
1. Information based on Insurance Statistics, March 2020, by the Thai Life Assurance Association.
2. Information based on a report by the Thai Life Assurance Association, Annual Statistics 2018.
