Thailand’s Government Pension Fund expects gold, commodities and a rally in global equities to drive a recovery in its returns after a dismal performance in the first half of the year.
The portfolio is aiming for an annual return of more than 3% in 2025 even after earning 1.19% in the January-June period, said Songpol Chevapanyaroj, secretary-general of the state pension fund. The fund has added to its holdings of gold and commodities as a bet the US trade tariffs and increased geopolitical tension will fuel demand for haven assets, he said.
Thailand’s Government Pension Fund expects gold, commodities and a rally in global equities to drive a recovery in its returns after a dismal performance in the first half of the year.
The portfolio is aiming for an annual return of more than 3% in 2025 even after earning 1.19% in the January-June period, said Songpol Chevapanyaroj, secretary-general of the state pension fund. The fund has added to its holdings of gold and commodities as a bet the US trade tariffs and increased geopolitical tension will fuel demand for haven assets, he said.
Thailand’s Government Pension Fund expects gold, commodities and a rally in global equities to drive a recovery in its returns after a dismal performance in the first half of the year.
The portfolio is aiming for an annual return of more than 3% in 2025 even after earning 1.19% in the January-June period, said Songpol Chevapanyaroj, secretary-general of the state pension fund. The fund has added to its holdings of gold and commodities as a bet the US trade tariffs and increased geopolitical tension will fuel demand for haven assets, he said.
See also: US-China trade truce: Reprieve or realignment?
Thailand’s Government Pension Fund expects gold, commodities and a rally in global equities to drive a recovery in its returns after a dismal performance in the first half of the year.
The portfolio is aiming for an annual return of more than 3% in 2025 even after earning 1.19% in the January-June period, said Songpol Chevapanyaroj, secretary-general of the state pension fund. The fund has added to its holdings of gold and commodities as a bet the US trade tariffs and increased geopolitical tension will fuel demand for haven assets, he said.
