AIA Investment Management Thailand (AIAIMT) aims to grow its asset under management (AUM) to 1 trillion baht after one year of operations, expecting its investment in both domestic and international stocks will continue to yield high returns this year.

According to Sukkawat Prasurtying, AIAIMT's chief executive, the company currently has AUM of 853 billion baht, the third highest in the industry.

Apart from growing returns from securities investment, the company expects its growing customer base and dealers will also help spur the growth of its AUM in the long term.

AIAIMT said the returns from its investment in Thai stocks has risen by 16-17% this year, while the returns from investment in foreign stocks currently stands at 11%, higher than fixed-income assets.

Mr Sukkawat said the company is confident that its AUM could reach 1 trillion baht from the growing customer base and network of insurance sales agents.

The expansion of both customer base and agents are expected to help drive the company's portfolio growth and increase its stock valuation that will boost the company's fund size, Mr Sukkawat said.

Currently, the company's market share in private funds stands at 39.7% or 822 billion baht, ranking first among other firms in the industry.

AIAIMT said the current mutual fund has a total net asset value of 31.4 billion baht.

The company currently ranks among the top five in terms of first-year asset size record.

Currently, the company has a market share in private funds at 39.7% or 822 billion baht, ranked No. 1 in the industry while the current mutual fund's net asset value was 31.49 billion baht.

The company became one of the top five in terms of asset size after one year of operation.