Thailand’s Government Pension Fund is expecting gains from investments in gold, commodities and private equity to help counter a slump in domestic stocks, following a period that’s seen its performance struggle.
The portfolio will return more than 3% in 2024, up from 1.5% in 2023, said <-bsp-person state=”{“_id”:”00000190-1575-d5f2-a594-d775f2140000″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Songpol Chevapanyaroj-bsp-person>, secretary-general of the state pension fund. The fund has added holdings of gold and commodities as a bet on inflation and lingering geopolitical conflict, he said.
GPF, which manages 1.4 trillion baht ($38 billion), has expanded overseas investments into bonds, stocks and property in a bid to boost performance amid …
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