The Association of Investment Management Companies (AIMC) and the Government Pension Fund (GPF) yesterday issued a statement announcing they have no direct investment in the assets of the collapsed Silicon Valley Bank (SVB).
AIMC chairwoman Chavinda Hanratanakool said the closure of SVB has no impact on the Thai mutual fund industry and she believes the bank's issues can be resolved by the Federal Deposit Insurance Corporation, with support from US regulators.
"According to a survey of our members, no Thai mutual funds have direct investments in SVB assets," she said.
