Thailand's Government Pension Fund plans to improve returns to 3% by 2024, increasing investments in gold, commodities, private equity, and expanding overseas investments.
Thailand's Government Pension Fund (GPF) plans to boost returns to 3% by 2024 from 1.5% in 2023, following a -1.5% return in 2022, its first loss since 2008. To counter domestic stock slump, the $38bn fund is increasing investments in gold, commodities, and private equity, while expanding overseas investments in bonds, stocks, and property. 5.2% of its assets (60% in fixed income) are allocated to these riskier assets.
June 14, 2024
3 Articles