22.01.2013 - S. Korea's sovereign fund reaps in abundant in 2012
Korea Investment Corporation (KIC), South Korea's sovereign wealth fund, saw its investment returns surpass benchmark last year as returns from stocks and bonds investment increased amid the persistent strategy to diversify portfolio from the long-term perspective, the sovereign fund said Monday. KIC's returns of investment from conventional assets such as stocks and bonds reached 11.83 percent in 2012, topping the benchmark yield of 11.17 percent, the sovereign wealth fund said in a statement. The figure was a rebound from a minus 3.32 percent yield tallied in the previous year, and it marked the highest in three years...............................................Full Article: Source
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