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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

KIC lags far behind nat’l pension fund in returns: data

Posted on 17 October 2013

Korea Investment Corp. (KIC), South Korea’s sovereign wealth fund, has made far less profits this year from overseas stock and bond investment than those reaped by the national pension fund, data showed Thursday, raising doubts on its asset management capability.
The sovereign wealth fund, which manages 67 trillion won (US$62.7 billion) of taxpayer money, posted a return ratio of 2.47 percent from its offshore stock and bond investment for the first seven months of this year, according to KIC document submitted to parliament………………………………………..Full Article: Source


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