The Government Pension Fund has no plans at this stage to adjust its investment portfolio despite the expected political unrest following the Supreme Court's verdict in ex-premier Thaksin Shinawatra's assets-seizure case on February 26.
Secretary-general Sopawadee Lertmanuschai yesterday said the GPF could not predict the political situation after the court delivered its verdict next Friday. However, it is monitoring the situation very closely, as it will have an impact on its investment.
"The GPF is concentrating on long-term investment instead of the short term, so we don't think we have to adjust our investment portfolio significantly at this time," she said.
However, Sopawadee acknowledged the GPF had prepared contingency measures for adjusting its investment, based on different scenarios.
She said the fund was currently mostly invested in government bonds and debt securities, with just 9 per cent of its portfolio invested in the Thai bourse. Its policy is to generate a higher return than the rate of inflation.
