South Korea’s National Pension Service has turned its domestic equity problem into allocation policy, as it tries to balance political objectives with its commercial mandate while having considerable heft in local markets.Korean stocks drove Q1 returns, lifted fund reserves to KRW1,526.1 trillion (US$1.02 trillion) by end-March and pushed the domestic...
South Korea’s National Pension Service has turned its domestic equity problem into allocation policy, as it tries to balance political objectives with its commercial mandate while having considerable heft in local markets.Korean stocks drove Q1 returns, lifted fund reserves to KRW1,526.1 trillion (US$1.02 trillion) by end-March and pushed the domestic...