Government Savings Bank (GSB) has partnered with 10 asset management companies (AMCs) to expand savings and investment options for its 26 million customers, allowing them to invest according to their individual risk appetites.Speaking at the launch of the "GSB The Selected" programme, Songpol Chevapanyaroj, president and chief executive of GSB, said the bank had selected 10 AMCs with expertise across various asset classes to help customers achieve returns that match their risk tolerance.
The investment portfolios are divided into three categories: conservative portfolios focused on stability and regular income; high-risk portfolios aimed at generating higher returns under the "high risk, high return" principle; and balanced portfolios.
Mr Songpol, a former executive of the Government Pension Fund (GPF), said GSB, as the country's savings promotion bank, views saving as more than simply depositing money in a bank account to earn interest or purchasing savings lottery products. He said investment is also an important form of saving.
Over the past decade, he noted that investing has become increasingly challenging and volatile, particularly following the Covid-19 pandemic, the Russia-Ukraine war, and the ongoing conflicts involving the United States, Israel and Iran. It also remains unclear when these geopolitical tensions will come to an end, he said.
