Krungthai Asset Management Public Company Limited, or KTAM, has announced the renaming of the KTAM US 500 Open-End Fund (KT-US500) to the KTAM S&P 500 Open-End Fund (KT-S&P500) to reflect its investment policy of tracking the S&P 500 Index. Chavinda Hanratanakool, Managing Director, said KTAM is the first asset management company in Thailand to be granted rights to use the S&P 500 trademark and index, as of 31 August 2026. The KT-S&P500 fund focuses on investing in units of the iShares Core S&P 500 ETF, managed by BlackRock Fund Advisors, averaging no less than 80% of NAV over the fiscal year, and offers both an accumulation share class (share class A) and a USD accumulation share class (share class USD) at risk level 6. KTAM views that the US stock market continues to be supported by the strength of the economy, investment in technology and digital infrastructure, and the growth of the AI industry. Analysts expect earnings of companies in the S&P 500 Index to grow 36% in 2026 and 14% in 2027, while valuation levels remain attractive, trading at a P/E of 19.1 times. Data from the master fund as of 10 August 2026 shows investment allocation across five main industry groups: technology at 38.30%, financial services at 12.01%, communication services at 9.69%, consumer discretionary at 9.53%, and healthcare at 9.11%.
BlackRock IncKTAM's KT-S&P500 fund invests in the iShares Core S&P 500 ETF managed by BlackRock Fund Advisors, bringing fund inflows to BlackRock's ETF product.
KTAM is the first Thai asset manager granted rights to use the S&P 500 trademark and index, enabling the renamed KT-S&P500 fund.
