Recovery lures foreign fund inflows
Thailand’s bullish economic recovery is attracting high volumes of foreign fund inflows into Thai bonds and stocks, pushing the baht to a seven-month high, making it the strongest currency in Asia year-to-date.
According to Kasikorn Research Center, the bond market received 127.79 billion worth of net overseas investors’ capital in the period between the beginning of 2022 to mid-February.
This brought foreign investors’ total holdings of Thai bonds to 1.15 trillion baht, setting a new record of the highest value of foreign bond-holdings in three years.
Bangkok Post Reporter
