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Kesara
Manchusree
Chairman
Supakit
Jirapraditkul
Member
Udomwara Dechsongjarus
Member
Yupawan Sirichainarumitr Member
Supervisor of the Mutual Fund
Thai Military Bank Pcl.
Board of Directors
Registered capital and
organizational management
The TTF is a wholly-owned subsidiary of the SET.
The TTF has THB 100 million of registered capital,
with the SET holding 100% of the total.
Operations
TTF was licensed by the Securities and Exchange
Commission (SEC) and is managed by the SET and
the Thailand Securities Depository Co. Ltd. (TSD).
The TTF is a passive management arrangement. When
an investor places a bid through a broker, the TTF will
place a corresponding order to buy the underlying
shares and then will issue units to the investor. The
TTF will not exercise its voting rights except on
motions to delist the underlying shares from the SET.
The main function of the TTF is to look after the
financial benefits of unit holders, e.g., dividends and
right issues. TTF functions as an open-ended fund, and
invests in shares of individually-listed securities. The
mutual funds are considered to be Thai juristic entities
even though foreigners own all of the fund’s units.
The Thai Trust FundManagement Co., Ltd.
(TTF) was established on December 17, 1996
by The Stock Exchange of Thailand (SET) to
promote foreign investment in the Thai
stock market by providing foreigners with
another channel for investing in Thai listed
shares through mutual funds.
Thai Trust Fund Management
Co., Ltd.