From good news to pressure: global markets are volatile amidst war and soaring oil prices.

The Treasurist All Fund Index shows an overview of its movement from Wednesday, March 18, 2569, compared to Wednesday, February 18, 2569. The overall performance of the Treasurist Funds increased by +3.93%.

Fund index with the highest positive change The top 3 are:

• The precious metals commodity mutual fund index saw the largest increase, +0.62%.
• The index of bond funds with maturities of less than 1 year showed an increase of +0.09%.
• The 1-year Asia Pacific Equity Fund experienced a decrease of -1.02%, respectively.

Fund index with the highest negative change The top 3 are:

• The Indian Equity Mutual Fund Index saw the largest decline, down 8.51%.
• The European Equity Fund Index has changed down -5.12%.

The Japanese equity fund index changed by -2.91%, respectively.

Author's view

Data from February 18, 2569 to March 18, 2569: In late February, following the US Supreme Court's ruling that Donald Trump's trade tariffs were illegal, financial markets reacted positively. However, the overall picture reversed in March due to escalating conflicts in the Middle East, causing significant volatility and sharp increases in crude oil prices, which once again became a major factor pressuring investment sentiment.

In terms of exchange rates, the US dollar became a safe-haven asset in the market, causing the USD Index, which had been trading around 98 points at the end of February, to surge past 100 points before retracing to close at 98.9 points. Meanwhile, the Thai baht, which had previously strengthened to below 31 THB/USD, weakened to around 32 THB/USD.

Regarding asset price movements, gold has experienced significant volatility. However, Thai and South Korean stocks, despite some corrections due to war factors, have maintained their overall upward trend. The energy sector also remains at high prices.

However, the groups starting to see signs of a downturn are European and Vietnamese stocks, which have begun to decline due to concerns about energy prices. The situation for US stocks is more worrying, as they have fallen for the second consecutive month from their all-time highs. Similarly, technology stocks, Indian stocks, and Chinese stocks continue to show no signs of recovery and show a tendency to decline further than before.

Above The Line: Examples of funds whose prices change above the group index

Based on the fund index change data, Treasureist presents examples of funds with higher NAV changes than the group index over the same period as follows:

Precious Metal Commodity Mutual Fund : Invest in gold or precious metals traded on the global market. Examples of funds include:

• Phillip Gold Open-Ended Fund (PGOLD)
• KTAM Gold Fund Unhedged Accumulation Fund (KT-GOLDUH-A)
• SCB Gold Open Fund Accumulated value type (SCBGOLD)

Short-term bond mutual funds 1 year : Investing in government securities and/or private sector debt securities and/or deposits or deposit-equivalent instruments, both domestically and/or internationally. Examples of such funds include:

• ONE Short-Term Fixed Income Open-Ended Fund, Unit Class A (ONE-FIXED-A)
• KKP Smart Plus Open-Ended Fund (KKP S-PLUS) General Class
• Krungthai Short-Term Fixed Income Fund (KT-ST)

Asia Pacific Equity Fund: Investing in or holding equity instruments in Asian countries, for example:

• UOB Smart Asia Open Fund (UOBSA)
• First Plus Asian Small Cap Equity FIF (FP ASIAN SM)
• Eastspring Asian Low Volatility Equity-Unhedged Open-Ended Fund (ES-ALOVE-UH)

Data from the overall Treasury Index Funds helps investors see the changing investment market conditions and, importantly, can identify outstanding and underperforming fund groups at different times, allowing them to select funds that outperform the index (Outperforming funds in top fund categories). This should be useful for investment decisions at a practical level.