ID :
37825
Mon, 12/29/2008 - 19:30
Auther :
Shortlink :
https://www.oananews.org//node/37825
The shortlink copeid
Korea's state fund to trim stock investment in 2009
SEOUL, Dec. 29 (Yonhap) -- South Korea's state fund will reduce its stock
investment ratio by nearly 10 percentage points for next year amid global
financial turmoil and bearish equity markets, the government said Monday.
The National Pension Service (NPS) will trim its stock investment ratio from the
current 29.7 percent to 20.65 percent of the total portfolios for next year,
according to the Ministry of Welfare, Health and Family Affairs.
The NPS is the nation's largest institutional investor, holding more than 230
trillion won (US$180.1 billion) under its management.
kokobj@yna.co.kr
(END)
investment ratio by nearly 10 percentage points for next year amid global
financial turmoil and bearish equity markets, the government said Monday.
The National Pension Service (NPS) will trim its stock investment ratio from the
current 29.7 percent to 20.65 percent of the total portfolios for next year,
according to the Ministry of Welfare, Health and Family Affairs.
The NPS is the nation's largest institutional investor, holding more than 230
trillion won (US$180.1 billion) under its management.
kokobj@yna.co.kr
(END)
