by Wichit Chantanusornsiri
Bangkok Post
The Government Pension Fund (GPF) 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 GPF, fund management this year is more challenging than last year because of the risk of wars and elections in several countries, as well as uncertainty regarding interest rate directions.
“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 GPF’s portfolio.