Social Security Office interested in overseas real estate funds

by Ee Fai Kam

  • 01 Jun 2011
  • RE

Thailand’s Social Security Office (SSO) – the USD 25 billion public pension fund – is looking at private open-ended funds targeting regions outside of Thailand. The Thai pension fund’s real estate portfolio is currently entirely made up of listed domestic funds. Bound by Thailand’s Securities and Exchange Commission’s rules, SSO cannot invest in offshore funds. However, Social Security Office believes a change in legislation is imminent, and is poised to move on overseas real estate once restrictions are loosened. Other than unlisted real estate funds, SSO will also be considering investing directly in offshore properties. Currently, Social Security Office has an allocation of 0.5% to real estate, and is seeking to increase this to 2% in the next two to three years

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