Thai Pension Fund to Boost Investment in Developed Stocks on Fed
- Higher U.S. rates to weigh on emerging assets, fund says
- Fund looking at Japanese, European equities for next year
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Thailand’s Government Pension Fund plans to increase investments in developed-nation equities next year as higher U.S. interest rates weigh on emerging-market assets.
The fund, which manages about 708 billion baht ($19.8 billion) in retirement funds for more than 1 million state employees, will consider buying equities in Japan and Europe, Yingyong Nilasena, its chief investment officer, said in a interview from Bangkok. The fund may also acquire real estate in Europe and Asia, he said.