Recovery lures foreign fund inflows

Published by
The Bangkok Post

Thailand’s bullish economic recovery is attracting high volumes of foreign fund inflows into Thai bonds and stocks, pushing the baht to a seven-month high, making it the strongest currency in Asia year-to-date. According to Kasikorn Research Center, the bond market received 127.79 billion worth of net overseas investors’ capital in the period between the beginning of 2022 to mid-February. This brought foreign investors’ total holdings of Thai bonds to 1.15 trillion baht, setting a new record of the highest value of foreign bond-holdings in three years. Meanwhile, a net buy in the Thai stock ma…

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