Mr. Chatatab: I'd like to start with background of SCBAM. We are the number one in asset management company in Thailand, which has a full license from Thai SEC about 15 years ago to run an asset management business. SCBAM is 100% affiliate of Siam Commercial Bank PLC or "SCB". Our parent company is the second rank in term of banking stock market cap in the Stock Exchange of Thailand, and the third rank in term of asset size in banking business.
About SCBAM, right now we are the largest asset management firm in Thailand. We have almost 470 billion Thai baht in assets under management. We offer full range of product from fixed income fund, equity fund, retirement fund, provident fund, private fund, property fund and also investment in overseas. Around 75% of asset size is in a fixed income fund and the rest is in an equity fund. One of our open-end fixed income fund, called "SCBSFF", is the largest fixed income fund in Thailand with asset size around 168 billion Baht. About the equity fund, we also offer full range of products for investor as well. We have general open-end equity, index fund, flexible fund, small cap fund, and overseas equity fund. SCBAM also has product about retirement fund (RMF) and tax deductible equity fund, called "Long Term Equity Fund" or LTF. In LTF and RMF business we are the largest fund size, about 32 billion Baht or 33% market share of LTF and 22% market share of RMF. In provident fund and private fund business, we are among top five ranking, with asset size together is almost 71 billion Baht. SCBAM also has largest property fund in Thailand, which is CPNRF, total size of property funds under management is around 20 billion Baht.
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