$35 billion Thai pension fund shifts assets to gold and oil to mitigate geopolitical risk
by Pixy St Claire reporting from Bangkok
The $35 billion Thai Government Pension Fund (GPF) has strategically shifted some of its assets to gold and oil. This move is aimed at mitigating geopolitical risks and market uncertainties, a strategy that the fund believes will safeguard its portfolio.
Key details:
The GPF is carefully reducing investments in assets that may be affected by war and increasing investments in gold and oil, a move that reflects its meticulous approach to protect against geopolitical risks.
This strategic move by the GPF, a proactive response to mounting concerns over wars, elections, and interest rate uncertainty, is a testament to the fund's astute management.
By diversifying away from capital markets and shifting assets to gold and oil, the GPF aims to protect its portfolio from the impact of these geopolitical events and market volatility.
The exact percentage of assets allocated to gold and oil was not specified in the reports.
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