Amundi and Kasikorn Asset Management (KAsset) have raised 6.06 billion baht (US$168 million) following the launch of the two K Guaranteed Step-Up Funds, which cater to retail investors who want daily liquidity and the potential to capture some upside in a volatile market environment.

The K Guaranteed Step-Up B Fund was launched following the success of the K Guaranteed Step-Up A Fund. The capital guaranteed funds are managed by Amundi Asset Management and mainly distributed by Kasikorn Bank and TMBThanachart Bank.

Commenting on the strong investor demand for the funds, KAsset executive chairman Adisorn Sermchaiwong says: “We are proud to be working with Amundi, a market leader with an established track record in the structured product market. The combination of our local and global expertise enables us to respond dynamically to changing market conditions and maximize the performance of the fund. More importantly, it expands our offering to include unique investment products for our retail audiences.”