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Thai government pension fund shifts focus to gold and oil
By Wiuchiut Chantanusornsiri
Bangkok Post, Thailand
Wednesday, April 24, 2024
The Government Pension Fund is reducing investments in assets that may be affected by war and increasing investments in gold and oil to mitigate risk.
According to Songpol Chevapanyaroj, secretary-general of the fund, management this year is more challenging than last year because of the risk of wars and elections in several countries, as well as well as uncertainty about interest rates.
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"This year we will adjust investment proportions by reducing assets that could be affected by war and increasing investments in alternative assets such as gold and oil, which help to mitigate risk," he said.
Gold and oil account for about 5% of the fund's portfolio. ...
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