Bangkok Capital Asset Management launches Thai corporate governance ETF
The Stock Exchange of Thailand (SET) has listed the BCAP Mid Small CG ETF (BMSCG), from Bangkok Capital Asset Management.
The BMSCG aims to invest in securities which are components of BCAP Mid Small CG Index TR.
SET Senior Executive Vice President Rinjai Chakornpipat says that BMSCG is designed to serve investors who looking for mid and small-cap stocks with good corporate governance (CG) practices, rather than SET50, by investing in BCAP Mid Small Cap CG Index TR, a newly developed index calculated by S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) and with the copyright owned by Bangkok Capital Asset Management.
The prominent feature of this index is the selection of small- and mid-cap stocks embracing good CG, with stronger growth potential than large-cap securities. The index is calculated on total return basis; the dividends are reinvested in securities, and rebalance on a monthly basis.
BMSCG is managed by BCAP with Bualuang Securities as its market maker and participant dealer, while Thailand Securities Depository is its registrar.