Top Thai Fund Sees Foreign Investors’ Return With New Prime Minister

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Srettha Thavisin, a prime ministerial candidate for the Pheu Thai party and former chief executive officer of Sansiri, makes an appearance at the party’s headquarters in Bangkok on Tuesday. Photo: Bloomberg

(Bloomberg) — International funds will resume investing in Thailand, boosting equities and the baht, following the appointment of a new prime minister after a three-month political impasse triggered withdrawals, according to the nation’s largest private money manager.

Parliament’s endorsement of Srettha Thavisin will boost confidence that the coalition government headed by his Pheu Thai party can get on with implementing measures to spur economic growth, according to SCB Asset Management Co. Ltd. Southeast Asia’s second-biggest economy delivered slower-than-expected expansion during the second-quarter.