ID :
52179
Wed, 03/25/2009 - 08:42
Auther :
Shortlink :
https://www.oananews.org//node/52179
The shortlink copeid
S. Korea's pension service investment rules relaxed
SEOUL, March 25 (Yonhap) -- The South Korean government relaxed Wednesday rules constraining the domestic investment of the National Pension Service, the nation's largest institutional investor.
The Ministry of Health, Welfare and Family Affairs said that it decided to allow
the pension service to invest 10-24 percent of its total assets in the domestic
stock market this year. Previously, its ratio was limited to between 12-22
percent.
The move comes as the pension fund aims to reduce equity investment and increase
bond holdings in 2009.
The fund currently holds 77.7 percent of its assets in local bonds, with the rest
invested in stocks, foreign bonds and other alternative assets.
Last year, it managed to post a profit thanks to reduced holdings in equity
markets in the face of global financial turmoil.
The Ministry of Health, Welfare and Family Affairs said that it decided to allow
the pension service to invest 10-24 percent of its total assets in the domestic
stock market this year. Previously, its ratio was limited to between 12-22
percent.
The move comes as the pension fund aims to reduce equity investment and increase
bond holdings in 2009.
The fund currently holds 77.7 percent of its assets in local bonds, with the rest
invested in stocks, foreign bonds and other alternative assets.
Last year, it managed to post a profit thanks to reduced holdings in equity
markets in the face of global financial turmoil.
