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SSO to invest more abroad

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  • Writer: Bloomberg News
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The Social Security Office, the country's biggest money manager, plans to double its investment staff as it adds international stocks for the first time to improve returns. 

The SSO, which manages about 1.1 trillion baht worth of pension contributions for local workers, aims to increase holdings of international stocks to 12% of its assets in five years, Win Phromphaet, the head of investment, said in an interview with Bloomberg News.

The SSO will double the number of staff in its investment division to about 100 by 2015 and may open offices in global financial centres, he said.

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