JJsushi Posted June 18, 2003 Report Share Posted June 18, 2003 A few months ago I began buying the SET index fund around the 390 level and sold it today at wherever it closed. Does anyone have any thoughts about the direction of the index? I must admit it moved a lot faster than I thought it would the past 2 months. I notice that the selling has been primarily by local individual investors and there has been a serious uptick in foreign institutional buying. The Thai institutional investors have mainly been even in their buys and sells. I am thinking that much of this new money is "hot" money looking better yields than currently offered in Western markets because to be honest the fundamentals of the Thai economy have not changed in the past couple of months to warrant such a move IMO. Does anyone think that this current upward move of the SET will sustain in the next 4 quarters? Will the foreign money dry up and leave the Thai investors holding the bag? Does anyone know of sector funds being offered by any Thai asset management companies? Link to comment Share on other sites More sharing options...
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