Thailand: New Citibank Fund Allows Investors to Tap Recovering Japanese Equity Market
May 31, 2006
Bangkok – Citigroup Inc. (NYSE: C)- An exclusive opportunity to invest in the recovering Japanese equity market and other regional growth markets is now available to Citibank customers with the launch of the ING Thai All Asia Equity Fund.
“This new foreign investment fund is unique because it gives retail investors the opportunity to invest in Japan and other regional markets.
"The fund invests predominantly in Japan, greater China (China, Taiwan, Hong Kong) and other growth markets in Asia,” said Mrs Assunta Christie, Citibank Director of Branch Sales, Liabilities and Investments at the launch.
She added, “We are delighted to be a distributor for the ING Thai All Asia Equity Fund because it’s another opportunity for our customers to expand their investment horizons. In addition, the launch of the fund further bolsters our goal of being the leading provider of wealth management products and services in Thailand.”
At the launch, guests were given an in-depth overview of the respective fund markets thanks to an investment seminar presented by Mr. Maris Tarab, Managing Director of ING Funds (Thailand). He covered prospects for the fund; in particular, he emphasized the large potential “upside” offered by the recovering Japanese economy.
He said, ”Japanese imports and bank lending should substantially offset the impact of an expected US slowdown. And in the longer run, renewed Japanese demand, capital and technology could push Asia’s major growth engines, China and India, to even stronger momentum.”
The ING Thai All Asia Equity Fund will be available from May 25 to June 8, 2006. As a special offer, Citibank customers investing Bt 1,000,000 and above will receive a Reach Cordless phone (valued at Bt 1,500). Customers investing Bt 5,000,000 and above will receive a Sony DVD player (valued at Bt 5,000).
Citigroup, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporation, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com.
- Contact Information
- Citigroup Public Affairs
- Asia Pacific
- Citigroup Inc.
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.