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CPF will increase its investment in stocks - Krungthep Turakij 29/6/02.

Asia Africa Intelligence Wire

| July 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The Central Pension Fund (CPF) plans to increase the percentage of its investments in stocks from seven per cent to nine per cent, a report in Krungthep Turakij said.

The CPF plans to invest more in stocks since the interest rate on savings accounts is so low. The fund will increase the proportion of money it invests in stocks from seven per cent of the total to nine per cent. The CPF will invest mainly in stocks that pay good dividends, such as selected power sector and insurance company ...

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