In a strategic agreement between Manulife Asset Management (Thailand) Co. Ltd. (‘Manulife AM (Thailand)’) and TISCO Bank Pcl. (‘TISCO Bank’), it was decided that TISCO Bank will handle Manulife AM (Thailand)’s mutual fund products in Thailand as a distributor. This strategic agreement between the two organizations took place on 25th May 2017 and will help Manulife AM (Thailand) widen its presence with TISCO Bank’s strong distribution network in the country.
Manulife AM (Thailand) is an asset management company in Thailand which offers mutual fund products that will be available to investors who have accounts and make transactions via TISCO Bank branches all across the country. As per the agreement, Manulife AM (Thailand)’s fund offerings include 7 Foreign Investment Funds (FIFs), 2 Local Equities, 1 Long-Term Equity Fund (LTF), 2 Retirement Mutual Funds (RMFs) and 1 Money Market Fund.
Michael Reed, CEO, Manulife Asset Management (Thailand), mentioned: “We are pleased to have TISCO Bank to become our strategic partner in the distribution of all mutual funds managed by Manulife AM (Thailand) under ‘TISCO Open Architecture’ platform. TISCO Bank has a strong presence and deep distribution network in Thailand. The partnership will enable investors to access an array of compelling investment choices. Our world-class services will empower our partner and, in turn, individual investors with real-time global and local investment insights that are much sought after in the market. This will drive efficiencies for clients’ investment decisions, especially for off-shore investment solutions that have been exclusive to selective clients in the past.”
Michael added, “Many investors in Thailand are looking for more investment options in their portfolios to achieve their financial goals. Leveraging the strategic partnership, it will allow a broader spectrum of investors across the nation to gain better access to our investment capabilities.”