Thai equity funds see 39.3 billion baht outflow in first nine months, third quarter slows to 2.2 billion
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In the first nine months of 2026, from January to September, a net total of 39.31697 billion baht flowed out of Thai equity funds. The first quarter saw a net outflow of 24.26899 billion baht, the second quarter a net outflow of 12.84386 billion baht, and the third quarter a net outflow of just 2.20412 billion baht, part of which may be long-term equity funds, or LTFs, after their conversion into ordinary mutual funds. Data from Morningstar Research (Thailand) shows that Thai equity funds recorded net outflows from January to July 2026 and began to see slight net inflows in August before they increased in September. Meanwhile, in the first nine months of 2026, the SET index rose 23.8% from the end of 2025, ranking fourth among the highest-returning assets, behind Taiwan's stock market, which rose 65.5%, South Korea's stock market at 62.3%, and oil at 57.5%. In the fund industry, net asset value, or AUM, in the first nine months of 2026 stood at 6.973808 trillion baht, an increase of 507.913 billion baht, or 7.86%, from the end of December 2025, when it stood at 6.46588 trillion baht, according to data from the Association of Investment Management Companies, or AIMC. Bond funds had net asset value of 3.166192 trillion baht, a decrease of 36.089 billion baht, or negative 1.13%, while equity funds had net asset value of 2.146129 trillion baht, an increase of 364.169 billion baht, or 20.44%, and mixed funds had net asset value of 614.957 billion baht, an increase of 117.291 billion baht, or 23.57%.