Macroeconomic Trend and the Mutual Fund Market in Thailand
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Abstract
This paper aims analyzing impacts of macroeconomic trend to the value
of mutual fund market in Thailand including to predict the future trend of this
market. Our results show that income level and rate of return in investment
are the important factors determine growth of mutual fund market. Using NIDA
Macroeconometrics Model, the mutual fund market in Thailand is expected
to grow around 11.3-14.3 percent in the next 1-2 years, which is much higher
than the national income’s growth. Under this curcumstant, the proportion
of mutual fund market in Thailand to national income will be expected to
increase from 21 percent in 2012 to around 38 percent in 2024-2027.
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