BANGKOK, Nov 20 (The Nation/ANN): The Government Pension Fund (GPF) of Thailand will from next year focus its investments in Asian and emerging markets as they tend to quickly recover from adversities, such as the Covid-19 outbreak, GPF secretary-general Srikanya Yathip said.
She also voiced confidence that total investment returns next year will be higher than this year.
Returns this year are also expected to be in the positive territory thanks to GPF’s adjustment of its investment strategy, in which it boosted its investment ceiling in foreign markets to 40 per cent from 30 per cent. Currently, foreign markets account for 32 per cent of GPF’s investments.
In response to members’ concerns about the impact the outbreak has had on GPF investments, the fund is offering them eight investment options.
The fund has 1.1 million members and its investment portfolio is about Bt1 trillion.