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Published on January 11, 2008

GPF secretary-general Visit Tantisunthorn yesterday said the fund's higher assets were due

mainly to more contributions from its members, as well as its better-than-expected investment performance.

Over the first nine months of 2007, the average investment return was accounted at 9.01 per cent, higher than the entire year's target of 5-6 per cent.

The GPF's assets under management as of November were Bt370.38 billion, a jump of Bt49.64 billion or 15.47 per cent from Bt320.74 billion at the end of 2006.

"The key reason that boosted our assets over the first 11 months was high returns on investment over the period from both stock and fixed income in the domestic market," Visit said.

As of November, the GPF's portfolio comprised investment in fixed incomes (63.9 per cent), equity (13.22 per cent), foreign financial instruments (13.92 per cent), property funds (4 per cent) and alternative investments (4.9 per cent).

Visit added that the GPF still focused on its strategy of using various investment channels in order to diversify risk and maintain long-term investments.

He predicted that the fund's assets would rise to Bt400 billion over the next two years.

The Nation