SET grants best research award on Thai capital market's sustainable development
BANGKOK, November 17, 2016 - The Stock Exchange of Thailand (SET)'s Capital
Market Research Institute (CMRI) today held its annual 2016 awards ceremony for
best capital market research to promote wide-ranging research studies that can
further develop the Thai capital market towards sustainability.
This year, Suchaya Siamwalla, a graduate from Martin De Tour School of
Management and Economics, Assumption University, received the best award for her
research entitled "Risk and return in the equity mutual fund industry: An
unorthodox relationship and its application to new investment strategies".
SET Senior Executive Vice President Pakorn Peetathawatchai, said that global
capital market was currently undergoing continual development with innovations
which could benefit the capital market ecosystem. Today's era of big data using
technology to compile, process, and analyze vast amounts of information from
multiple sources has enabled us to accomplish in-depth studies and research for
capital markets. Research results could become powerful tools to continuously
develop the capital market, both in policy formulation and strategy as well as
in the development of new products and services to meet investors' needs. This
in turn can increase SET's presence in the world-class capital market.
"For more than five years, SET has focused on promoting capital market research
by providing graduate-level research grants in collaboration with educational
institutions in selecting the outstanding research projects on capital markets.
Each year experts in the field give advice and guidance. This ensures the
quality and professionalism of the innovative research results taking an
essential role to enhance the quality of Thailand's capital market," added
The 2016 award winning research studied the relationship between risk and return
of Thai equity mutual funds during 2003-2012. The findings showed that the
"High-risk, High-return" investment model was not always accurate, while
"Low-risk, High-return" investing was possible. However, this depends on many
factors and investment strategies. The work also offered three investment
strategies to generate above-average returns.
At the event, four other awards were also presented: one "Outstanding Award",
two "Consolation Awards", and one "Popular Vote Award" chosen by capital market
Source: The Stock Exchange of Thailand