The so-called sustainable funds, expected to be launched by June, will invest in shares of local companies with good ratings in the segment, he said.
Thailand will provide tax incentives for investments in the nation’s equity market that has underperformed peers this year amid foreign outflows.
Individuals will get a tax allowance of as much as THB300,000 ($11,791) for their new investment in equity funds, called ESG X, Fiinance Minister Pichai Chunhavajira said at a press conference after a cabinet meeting Tuesday.
