Thailand Securities and Exchange Commission is reviewing applications from 19 asset management companies to establish 37 Thailand ESG Extra Funds (Thai ESGX) following the rules that took effect on 16 April 2025, and expects the funds’ initial public offerings and the transfer of Long-Term Equity Fund (LTF) units into Thai ESGX to start on 2 May 2025 as scheduled. The SEC also approved a new FundConnext feature developed by Digital Access Platform Co., Ltd., a Stock Exchange of Thailand Group company, to let investors check their tax-benefit fund holdings via the Stock Exchange of Thailand website from the beginning of May. The subscription period for Thai ESGX and the LTF transfer window run for two months from May to June 2025, with LTF transfers able to proceed only after each Thai ESGX is registered. Thai ESGX must invest, on average, at least 80% of net asset value each fiscal year in assets with environmental or sustainability attributes issued by the Thai public sector or businesses established under Thai law, including a minimum average 65% of NAV in sustainability-focused stocks. New investors can buy units from 2 May to 30 June 2025 and claim a tax deduction of up to 30% of assessable income capped at THB 300,000, subject to a five-year minimum holding period, while eligible LTF unitholders as of 11 March 2025 can transfer all qualifying LTF units and claim up to THB 500,000 in deductions spread over the 2025 to 2029 tax years, with a THB 300,000 maximum in 2025 and the remainder evenly allocated across 2026 to 2029.

Original source View in tracker