Thailand's GPF (Government Pension Fund) has announced a major portfolio management overhaul under new secretary-general Dr. Sornpol, shifting from traditional Static Asset Allocation (SAA) to a more dynamic Hybrid Total Portfolio Approach (TPA). This risk-factor-based strategy aims to better protect against market volatility and geopolitical shocks while targeting 2-3% annual returns above inflation. Implementation begins immediately post-board approval, with full integration planned by 2570. The fund reported strong YTD returns (8-34% depending on plan) through mid-August 2569.