ID :
186262
Fri, 06/03/2011 - 10:51
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Shortlink :
https://oananews.org//node/186262
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S. Korea's national pension fund to increase investment in equities
SEOUL, June 3 (Yonhap) -- South Korea's national pension fund will increase its investment in stocks over the next five years as part of efforts to boost the overall returns, the health ministry said Friday.
The National Pension Service (NPS) plans to allocate at least 30 percent of its assets for investment in stocks by the end of 2016, up from 23.2 percent tallied at the end of December, according to the ministry, which runs the fund.
It also plans to allocate less than 60 percent of its assets in bonds and over 10 percent in other alternative investments by the same target year, the ministry said.
Under the mid-term asset allocation plan, the NPS will likely invest at least 169.5 trillion won (US$157.6 billion) in stocks by 2016, when its total assets are forecast to grow to 565 trillion won.
The NPS is the nation's biggest investor, which operated 339 trillion won worth of assets under its management as of the end of April.
The fund aims for a return of 6.5 percent on investments for five years until 2016. It will also continue to diversify its portfolios into investments other than stocks and bonds at home and abroad as part of efforts to achieve stable returns, the ministry said.
The National Pension Service (NPS) plans to allocate at least 30 percent of its assets for investment in stocks by the end of 2016, up from 23.2 percent tallied at the end of December, according to the ministry, which runs the fund.
It also plans to allocate less than 60 percent of its assets in bonds and over 10 percent in other alternative investments by the same target year, the ministry said.
Under the mid-term asset allocation plan, the NPS will likely invest at least 169.5 trillion won (US$157.6 billion) in stocks by 2016, when its total assets are forecast to grow to 565 trillion won.
The NPS is the nation's biggest investor, which operated 339 trillion won worth of assets under its management as of the end of April.
The fund aims for a return of 6.5 percent on investments for five years until 2016. It will also continue to diversify its portfolios into investments other than stocks and bonds at home and abroad as part of efforts to achieve stable returns, the ministry said.
