The Stock Exchange of Thailand ( SET)plans to expand investment in the overseas markets in an attempt to distribute investment channels, reported the Thai News Agency Monday.

Phatareeya Benjapolchai, SET senior executive vice-president, disclosed SET was discussing with the Securities and Exchange Commission a possibility of bringing its fund to invest through funds which have policies on investing overseas, the news agency said.

Currently, the SET's fund totals 12 billion baht (300 million US dollars). Of this, 60 percent is set aside for a purchase of debt instruments and a bank deposit, which offer fixed returns, and the remaining 40 percent is for investment in stocks, according to the SET vice president.

Averagely, SET enjoys a return of around 4 percent from investment.

In the past week, Benjapolchai said, SET decided to earmark around 30 million baht (750000 US dollars) of the fund for investment in 17 long-term funds (LTF) or around 2 million baht ( 50000 US dollars) in each fund.

She said that since the establishment of LTF, SET has set aside around 100 million baht (2.5 million US dollars) to invest in LTF. More investment could be made as it deems appropriate.

Source: Xinhua