Biggest Thai pension fund GPF buys foreign stocks

BANGKOK: Thailand’s Government Pension Fund (GPF) plans to boost its overseas investments, especially in the tech sector, as domestic equities offer limited options for the 1 trillion baht (US$32bil) asset manager.

“Disruptions in the technology and digital industries will still be the major driving force in the post-pandemic world, ” Srikanya Yathip, secretary-general of GPF, said in an interview at her office. “Those sectors should deliver very good returns, which are easier to find in international markets than in Thailand.”