Krungsri Asset Management Reports Strong 2025 Performance, Outpacing the Industry

Mrs. Supaporn Leenabanchong, Managing Director of Krungsri Asset Management Company Limited (Krungsri Asset Management), announced that “In 2025, the company’s assets under management (AUM) reached THB 714,755 million, representing a 10% year-to-date growth - 3% higher than the overall industry. Mutual funds remain the company’s core business, reporting an outstanding 13% year-to-date expansion, outperforming the industry by 6%. This strong growth was driven by over THB 57 billion in net inflows, accounting for 23% of total industry inflows. As a result, Krungsri Asset Management ranks as the 5^th largest mutual fund house in Thailand.” (Data as of September 2025)

She continued, “Our most popular funds include Krungsri Smart Fixed Income Fund – Accumulation (KFSMART-A), which recorded net inflows of over THB 35 billion - the second-highest in the short-term fixed income category - and Krungsri Active Fixed Income Fund – Accumulation (KFAFIX-A), which posted more than THB 39 billion in net inflows, the third-highest in the medium-term fixed income category.”

“In 2025, Krungsri Asset Management received a total of 13 awards from leading global institutions, comprising five domestic awards and eight international awards. These accolades cover outstanding asset management company, fixed income fund management, and various top-performing fund categories - reflecting the company’s capabilities, professionalism, and commitment to continuous excellence.” (Data as of November 2025)

"Talking about the business outlook for 2026, the company will continue to enhance products aligned with market conditions by expanding foreign-currency fund offerings, and developing solutions tailored for both retail and high-net-worth investors. We will also broaden distribution partnerships and enhance the user experience on @ccess Mobile.”

In regards to the Global Economic Outlook, Mr. Sira Klongvicha, Chief Investment Officer, stated that “Global economic signals for 2026 have turned more positive. Key factors are becoming clearer, including U.S. tax policy easing, reduced trade tension, and the likelihood of rate cuts by several central banks. The U.S. dollar is expected to remain strong due to higher interest rates, while the Japanese yen continues to weaken as the Bank of Japan has yet to raise rates. Although major economies are recovering at different paces, the overall global economy is expected to expand - supported by resilient U.S. growth, improving European conditions as inflation nears target, and Japan’s recovery driven by wage increases and supportive government policies. Meanwhile, China still faces challenges from weak consumption and an ongoing property downturn.”

“Global equity markets continue to see short-term profit-taking, but corporate fundamentals - particularly in technology and AI—remain strong. Meanwhile, fixed income markets are beginning to recover as interest-rate cuts approach, making them attractive for medium- to long-term investors. Growth drivers include AI expansion, supply-chain realignment in response to U.S. tax policies, more accommodative monetary policy globally, and the Fed’s ending of quantitative tightening (QT) with a reduction of USD 40 billion per month - supporting global market sentiment. However, certain risks remain, such as uncertainties around U.S. tax policy, geopolitical tensions, political instability in France - which could spark broader European risks - and the potential rise in unemployment driven by AI-related labor displacement.”

“Our top investment themes for 2026 include AI-related equities, U.S. equities benefiting from AI-driven investment and tax reductions, attractively valued healthcare stocks, and Chinese technology companies supported by rapid AI development. Highlighted funds include KFGDIV, KFHEALTH, and KFCHINA-T10PLUS, which offer access to high-quality growth stocks supported by a more accommodative global monetary environment.”

“Thailand’s economic outlook is improving, supported by government stimulus, stronger exports, and a recovery in manufacturing. Corporate earnings for Q3 exceeded expectations, especially in the banking sector. However, uncertainties remain - including political developments and delays in transitioning toward a technology-driven economy. For 2026, the Thai equity market remains attractive due to relatively low valuations compared to regional peers and dividend yields above 4% per year. Recommended Thai equity funds include KFENS50 and KFTSTAR.”

“Krungsri Asset Management remains positive on both domestic and global fixed income. We expect the Fed to gradually cut rates over the next 1–2 years. With Thai inflation staying low—and possibly turning negative in 2025 - the Bank of Thailand may cut rates by another 1–2 times to 1.00–1.25% in the first half of 2026. Attractive fixed income options include KFSMART-A and KFAFIX-A. For global fixed income, opportunities remain in U.S. Treasuries and high-quality corporate bonds. We recommend KF-CSINCOME, a flexible global fixed income fund well-suited for today’s volatile environment.”

Mr. Sira concluded, “We recommend well-diversified portfolios across multiple asset classes. Equities remain the strongest long-term growth driver. Although U.S. inflation may edge higher due to tax measures, it should remain manageable. Global monetary and fiscal policies are still broadly supportive of economic recovery. Medium-term bonds offer attractive returns amid a downtrend in interest rates while helping reduce volatility. Gold should represent 5–10% of portfolios for risk diversification - supported by ongoing central-bank accumulation. Investors may consider gradually increasing exposure when prices pull back.”

Investors seeking more information may contact Krungsri Asset Management at 02-657-5757, visit the company website, or reach out to any branch of Bank of Ayudhya.

• Investors should understand the product features, conditions, returns, and risks before making investment decisions.
• Past performance of mutual funds does not guarantee future results.
• Awards and rankings mentioned are not related to the classifications of the Association of Investment Management Companies (AIMC).
• KFHEALTH and KFCHINA-T10PLUS employ discretionary FX hedging and therefore are subject to foreign-exchange risk, which may result in losses, gains, or redemption values below the initial investment.
• KFHEALTH has sector-concentration risk, which may result in significant losses. Investors should seek further advice before investing.