Thai GPF eyes EM debt entry, new multi-asset mandate
The $21 billion fund thinks local-currency emerging market bonds can overcome US rate hike pressures and wants its overseas allocation cap to be lifted to 40% from 30%.
Thailand’s $21 billion Government Pension Fund (GPF) plans to add emerging market bonds to its portfolio and is considering issuing a second global multi-asset mandate, as it pushes to gradually raise its overseas asset allocation to 40% from the current 30% limit.
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