F inansa Fund Management Outlook for 2004
. . . Positive backdrop for new fund launches The combination of renewed interest amongst global investors in emerging Asia and a strong performance track record augurs well for the launch of new funds by Finansa Fund Management in 2004. Three new fund initiatives are currently under consideration.
. . . SIF III, a successor to SIF II 2003 was a successful year for Siam Investment Fund II, extending the successful track record established since the Fund was formed in 2001. With the sixth investment completed, and the Fund approaching full investment, attention will now turn to launching a successor fund, Siam Investment Fund III, L.P.. Capital Z, the core sponsor of Siam Investment Fund II, has expressed its interest in supporting a follow-up private equity fund. An intensive marketing effort will be launched in 2Q 2004.
. . . A new Vietnam fund Finansa management believes that the timing is right for the launch of a new Vietnam fund. Preliminary marketing enquiries in 2002 showed limited investor interest, however there are signs emerging that a small, focused Fund could be raised in the current climate. The proposed Fund would target equity investments in companies planning to list within a two to three year time frame.
. . . Scope to expand The Asian Debt Fund A third initiative to build fund management fees in 2004 will be to attract new investors to The Asian Debt Fund. A marketing initiative is expected to be launched mid-year.
. . . Establishing a domestic mutual fund company In addition to expanding the offshore fund management activities, the Finansa Group is looking to establish an onshore fund management business. Finansa views this business as a natural extension of its current activities and it wil round out Finansa没s fund management service offerings.
. . . BFIT provides shortcut to mutual fund license An application was submitted to the Securities Exchange Commission by Finansa Securities in November 2003 for a Mutual Fund Management license and the approval process was expected to take around six months. Since the year end, however, Finansa has announced that it intends to merge Finansa Credit with Bangkok First Investment and Trust Plc. (BFIT)
Finansa Plc. 16
Annual Report 2003