fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Non Banking Funds

Thailand GPF to expand THB 1.1 trillion equity investments in China and India

Thailand GPF facilitated a total return of 3.25% in 2021 through September 30, 2021

Sakshi K S by Sakshi K S
February 3, 2022
in Funds, Central, The Global Economics, Top Stories
Reading Time: 2 mins read
0
Thailand GPF to expand THB 1.1 trillion equity investments in China and India

Thailand GPF to expand THB 1.1 trillion equity investments in China and India

40
SHARES
223
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Thailand’s Government Pension Fund (Thailand GPF) is bearing in mind to enhance its equity investments in China and India, where the surge of firms concentrating on new-fangled technologies and the corporate ecosystem may facilitate high returns.

The Thailand GPF’s investment in China and India

According to the Thailand GPF Secretary-General, Dr Srikanya Yathip, Chinese microchips and renewable-energy gears manufacturers and Indian IT companies and drug manufacturers are among the top stock contenders for the THB 1.1 trillion (USD 0.033 trillion) state fund.

Dr Yathip stated that the Thailand GPF constantly strived to mature effectively. As a result, finding suitable investments in the regional market, she indicated in a phone interview. However, developing markets such as China and India would offer the fund an outlook with enhanced returns due to those economies’ resiliency during the pandemic, she stated.

The strategy to include more Chinese and Indian shares would assist the Thailand GPF to expand its equities portfolio. Most of its investments are in industrialised territories like the United States and Europe. It also arrives after the fund’s current performance is affected by lower debt securities profits.

According to its website, the Thailand GPF facilitated a total return of 3.25% in 2021 through September 30, 2021, related to the 4.73% return in 2020. National and international debt reported for approximately 64% of its assets.

In January, the Thai Cabinet permitted a proposal to extend the limits on GPF’s foreign assets within management to 60% of the total, a jump from 40%. Final approval by the Finance Ministry is most likely to be in the dusk of 2022, Dr Srikanya stated.

Dr Srikanya indicated that the GPF, which manages money for approximately 1.2 million government employees and retirees, presently invests around 13% of its assets in international stocks. She said that it also possesses around 25% of comprehensive assets in international debt securities, bringing its foreign holdings close to its 40% threshold.

While refuting to specify international investment goals, Dr Srikanya stated that the GPF is strategising to augment its environmental, social, and good governance practices. She declared that it would evade firms that don’t meet obligatory ESG standards.

Thailand’s overseas financial assets surged 23% from the dusk of 2020 to worth USD 135 billion at mid-2021. That is the maximum on record in Bank of Thailand figures on fiscal entities, individuals, and mutual funds dating back to 2015.

Via: Short URL
Tags: Bank Of ThailandDr Srikanya YathipThailand Government Pension FundThailand GPF
Sakshi K S

Sakshi K S

Sakshi is a professional content writer engaging readers with gripping business news stories.

Related Posts

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit
Ultility

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

by Riya Thomas
February 1, 2023
investment
The Global Economics

Adani Enterprises To Get $400 mn From Abu Dhabi’s IHC

by Marifur Rahman
January 31, 2023
Oil storage tank
Islamic

Saudi Arabia Lowers Crude Prices For Asia, Not For the US

by Anuj Singh
January 31, 2023
Adani Group shares plunged, resulting in the erasure of $72 billion after three-day selloffs
Funds

72 Billion Wiped Out: Adani Group Shares Plunge After Three-Day Selloffs

by Riya Thomas
January 30, 2023
A girl using a smartphone
Digital

China’s 2022 Smartphone Sales Plunge to the Lowest Level in a Decade

by Khushboo Pandey
January 30, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Lebanon currency devaluation

Lebanon to Devalue Its Currency By 90%

February 1, 2023
A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

February 1, 2023
China To Boost Oil Demand By Up To 500,000 BPD PC: Reuters

Oil Cools Off on a Weak Dollar

February 1, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about new articles, delivered right into your email inbox.

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version