Bangkok Capital Asset Management

What Bangkok Capital Asset Management does

Bangkok Capital Asset Management (BCAP), legally บริษัทหลักทรัพย์จัดการกองทุน บางกอกแคปปิตอล จำกัด, is a Thai SEC-licensed private asset management company that operates a mutual fund and ETF platform under the BBLAM (Bualuang Fund Management) brand. It sits within the Bangkok Bank group ecosystem, with primary distribution routed through Bualuang Bank's branch network and the BBLAM Mobile App. The company serves Thai retail investors seeking diversified, professionally managed exposure to both domestic and international asset classes.

BCAP's product suite comprises open-ended mutual funds and one ETF spanning equity (BCAP-USND100 feeder into Invesco NASDAQ 100 ETF; BMSCITH MSCI Thailand ETF), thematic sector funds (BCAP-GOLD, BCAP-CLEAN, BCAP-XHEALTH, BCAP-GPROP), global multi-asset allocations (BCAP-GMA PLUS and Hedged variant, advised by Banque Pictet & Cie SA Singapore), fixed income and money market funds (BCAP Dynamic Hedge Short-Term Liquidity, BCAP Global Fixed Income Allocation, BCAP USD Short-Term Liquidity feeder into the Pictet Short-Term Money Market USD UCITS fund), and alternatives (BCAP-GPE22A UI private equity feeder, restricted from retail). The underlying architecture is a feeder fund model that parks at least 80% of NAV in externally managed master funds, with NAV updates and basic investor servicing delivered via the bblam.co.th website and mobile app.

Revenue is generated through AUM-based management fees on a recurring subscription basis across the fund lineup. Pricing is not publicly disclosed. The go-to-market is a horizontal segmentation strategy targeting Thai individual investors, accessed primarily through Bualuang Bank's branch channel and digital trading platforms; institutional, ESG, and robo-advisory offerings are not present in the source material. No revenue, headcount, or funding figures are disclosed.

Name

Bangkok Capital Asset Management

Legal name

บริษัทหลักทรัพย์จัดการกองทุน บางกอกแคปปิตอล จำกัด

Website

https://bcap.co.th

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Bangkok Capital Asset Management (BCAP) is a Thai SEC-licensed asset manager operating a mutual fund and ETF platform under the BBLAM brand, serving Thai retail investors through Bualuang Bank branches and a mobile app, primarily via feeder funds into global managers such as Invesco and Pictet.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector & Thematic Mutual Funds (FSAAAEAJ)

akta.pro secondary industry

Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL)

Keywords

• Mutual fund management
• Asset management services
• Equity fund products
• Fixed income funds
• Global feeder funds

Headquarters

HQ city

Bang Rak

HQ country

Thailand

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management Fees: Generates revenue through asset under management (AUM) fees charged on various mutual fund products. Offers multiple fund categories including equity, fixed income, mixed assets, and specialized sector funds.

Distribution channels2 records

Marketing channels2 records

Core offering

BCAP manages and distributes a diversified portfolio of open-ended mutual funds and one ETF for Thai retail investors, spanning equity index funds (Nasdaq-100, MSCI Thailand), sector funds (gold, clean innovation, healthcare), global multi-asset funds, fixed income and short-term liquidity funds, and real estate/infrastructure and private equity funds. Most funds are feeder structures that invest in underlying foreign funds managed by global partners such as Invesco and Pictet, with the BBLAM Mobile App providing daily NAV updates and investor access.

Product overview

Bangkok Capital Asset Management (BCAP) is a Thai asset management company that operates as a mutual fund management firm. The company offers a diverse portfolio of open-ended mutual funds and ETFs, including: equity funds (BCAP-USND100 tracking the NASDAQ-100 index, BCAP MSCI Thailand ETF), sector funds (BCAP-GOLD for gold exposure, BCAP-CLEAN for clean technology, BCAP-XHEALTH for next-generation healthcare), global multi-asset funds (BCAP-GMA PLUS, BCAP Global Multi Asset Plus Hedged), fixed income funds (BCAP Dynamic Hedge Short-Term Liquidity, BCAP Global Fixed Income Allocation, BCAP USD Short-Term Liquidity), real estate and infrastructure funds (BCAP-GPROP), and private equity funds (BCAP-GPE22A UI). The funds primarily invest in underlying foreign funds managed by global partners including Invesco, Pictet Asset Management, and Banque Pictet & Cie. BCAP also provides the BBLAM Mobile App for investor access. The company appears to be closely associated with Bangkok Bank (Bualuang Fund) based on the website domain bblam.co.th.

Differentiator

Problem solved

Functional benefit

Products and services

• BCAP-GOLD (กองทุนเปิดบีแคป โกลด์) Gold-focused mutual fund providing investors exposure to gold as an asset class through BCAP's portfolio of investment funds.
• BCAP-CLEAN (กองทุนเปิดบีแคป คลีน อินโนเวชั่น) Clean innovation-focused mutual fund that invests in companies related to clean technology and innovation sectors.
• BCAP-XHEALTH (กองทุนเปิดบีแคป เน็กซ์ เจน เฮลธ์) Next generation health-focused mutual fund providing exposure to healthcare and health technology sectors.
• BCAP-GMA PLUS (กองทุนเปิดบีแคป โกลบอล มัลติ แอสเซท พลัส) Global multi-asset plus fund that invests in a diversified portfolio of international mutual funds including equity, debt, mixed funds, alternative assets, REITs, infrastructure funds, ETFs, and private equity, with asset allocation guided by Banque Pictet & Cie SA, Singapore Branch.
• BCAP-GPROP (กองทุนเปิดบีแคป โกลบอล พร็อพเพอร์ตี้ แอนด์ อินฟราสตรัคเจอร์ เฟล็กซ์) Global property and infrastructure flexible fund providing exposure to global real estate and infrastructure sectors.
• BCAP-GPE22A UI (กองทุนเปิดบีแคป โกลบอล ไพรเวท อิควิตี้ 22A ห้ามขายผู้ลงทุนรายย่อย) Global private equity fund 22A that is restricted from selling to retail investors, offering exposure to private equity markets.
• BCAP-USND100 (กองทุนเปิดบีแคป หุ้นยูเอส เอ็นดี 100) US NASDAQ 100 index fund that invests at least 80% of NAV in units of the Invesco NASDAQ 100 ETF master fund, using passive management to track the Nasdaq-100 index. The master fund is managed by Invesco Capital Management LLC and registered under New York state law.
• BMSCITH (กองทุนเปิด BCAP MSCI Thailand ETF) Exchange-traded fund that tracks the MSCI Thailand index, providing exposure to Thai equity markets.
• BCAP Dynamic Hedge Short-Term Liquidity Fund Short-term liquidity fund with dynamic hedging strategy that invests in at least 2 foreign bond mutual funds to maintain net exposure of at least 80% of NAV, with portfolio duration not exceeding 1 year.
• BCAP Global Fixed Income Allocation Fund Global fixed income allocation fund that invests in at least 2 foreign bond mutual funds with net exposure of at least 80% of NAV, using active management to outperform the benchmark index.
• BCAP Global Multi Asset Plus Hedged Fund Hedged version of the global multi-asset fund with investment allocation guided by Banque Pictet & Cie SA, Singapore Branch. The fund does not hedge foreign exchange risk.
• BCAP USD Short-Term Liquidity Fund USD-denominated short-term money market fund that invests at least 80% of NAV in the Pictet - Short-Term Money Market USD fund, managed by Pictet Asset Management Ltd under Luxembourg law and UCITS regulation.
• BBLAM Mobile App Mobile application for investors to access BCAP mutual fund services, check daily NAV updates, and manage investments on-the-go.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and flagship.

• Invesco Capital Management LLCcoreTechnology or IntegrationInvesco Capital Management LLC serves as the underlying fund manager for BCAP-USND100 fund, which invests in Invesco NASDAQ 100 ETF. The ETF tracks the Nasdaq-100 index and is registered under New York state law, listed on NASDAQ exchange in the United States.
• Banque Pictet & Cie SA, Singapore BranchcoreStrategic or Co-development PartnerBanque Pictet & Cie SA, Singapore Branch acts as the investment advisor for BCAP Global Multi Asset Plus and BCAP Global Multi Asset Plus Hedged funds. The bank provides asset allocation recommendations while BCAP maintains investment management decisions.
• Pictet Asset Management LtdcoreTechnology or IntegrationPictet Asset Management Ltd is the underlying fund manager for BCAP-USD Short-Term Liquidity fund, which invests in Pictet - Short-Term Money Market USD. The fund is established under Luxembourg law and regulated under UCITS.
• Bualuang Bank (BBL)flagshipChannel Partner/ Reseller/ DistributorBualuang Bank serves as the primary distribution channel for BCAP mutual fund products, providing branch network and digital banking platforms for investor access to fund investments.

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kasikorn Asset Management (KAsset): One of Thailand's largest mutual fund managers, affiliated with Kasikornbank. Offers a similarly broad product range of equity, fixed income, and mixed mutual funds, and competes directly with BCAP across Thai retail distribution channels.
• SCB Asset Management (SCBAM): Asset management arm of Siam Commercial Bank, one of Thailand's largest mutual fund providers with extensive product offerings across asset classes. Competes with BCAP across Thai retail investors and bank-channel distribution.
• UOB Asset Management (Thailand): Thai subsidiary of UOB Asset Management, offering a wide range of mutual funds including feeder funds investing in foreign underlying funds. Comparable to BCAP in product mix and Thai retail distribution.
• Phillip Asset Management: Thai asset management firm offering mutual funds, private funds, and feeder products to retail and institutional investors. Comparable in product structure and Thai market focus to BCAP.
• One Asset Management: Thai mutual fund management firm offering equity, fixed income, foreign investment, and mixed funds to retail investors. Comparable in product breadth and Thai retail focus to BCAP.
• Maybank Asset Management (Thailand): Thai asset management subsidiary of Maybank, offering mutual funds distributed through Maybank's Thai branch network and digital channels. Comparable bank-affiliated fund manager with similar retail positioning.
• TISCO Asset Management: Asset management subsidiary of TISCO Bank, offering mutual funds distributed through TISCO's bank and digital channels. Comparable bank-affiliated mutual fund manager with similar retail focus to BCAP.
• Krungthai Asset Management (KTAM): Asset management subsidiary of Krungthai Bank, offering a diverse mutual fund lineup distributed through the Krungthai Bank branch network. Directly comparable to BCAP as a bank-affiliated Thai mutual fund manager with similar retail focus.

Broad incumbents

• Eastspring Asset Management (Thailand): Thailand arm of Eastspring Investments (part of Prudential plc), one of Asia's largest asset managers. Offers a broad mutual fund platform in Thailand and competes across retail and institutional segments with BCAP.

Others

• BBL Asset Management (Bualuang Fund Management): Bangkok Bank's main asset management brand (BBLAM), which according to the data appears to share distribution and operational infrastructure with BCAP. Treated as a related/co-branded entity rather than direct competitor given the overlapping ownership within the Bangkok Bank group.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bcapasset
• LinkedInlinkedin.com/company/bangkok-capital-asset-management

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bangkok Capital Asset Management