Ton Poh has three months of big gains


An ongoing rally in Thai stocks helped The Ton Poh Thailand Fund post three straight months of impressive gains, with a 3.09% rise in March, 6.71% in February and 9.37% in January.

The Bangkok SET Index has been the second-best-performing market in Asia year-to-date, trailing Vietnam. With the market hitting new post-1997 highs, some of the fund’s holdings are now trading at, or close to, record highs, as well as producing near record profits, said fund manager Jeep Chatikavanij.

More than half of the fund’s returns year-to-date have come from four stocks: Siam Global House, Raimon Land,