Government Pension Fund

Thailand's US$26 billion pension fund shuns emerging markets

The slide in emerging markets is spooking Thailand’s US$26 billion Government Pension Fund.The fund will continue to avoid investing in developing-nation equities and bonds because of the risk of increased outflows due to global trade tensions and weakening currencies, according to its Secretary General Vitai Ratanakorn.The return on investment has been “disappointing” this year, compared with a 6.4 percent gain in 2017, as the value of domestic and foreign equities has slumped, Vitai said.

4 July 2018
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