South Korea’s National Pension Service to boost overseas allocations

03 August 2020 - 12:00 am UTC

South Korea’s National Pension Service (NPS) – one of the word’s biggest public retirement funds – will boost its overseas allocations to 50% of total investments by 2024, from the current 34%.

The fund will seek equity investments with global alternative asset managers, and look to form strategic partnership with global sovereign funds and asset managers, according to an Investment Management Committee meeting held on Friday.

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