| South Korea’s $84.7 billion sovereign wealth fund plans to increase investments in real estate, private equity and infrastructure, according to its chairman. Korea Investment Corp. will raise its allocation for alternative investments to 15 percent by year-end from 8 percent currently, and will aim for 50 percent over the next five years, Chairman Ahn Hongchul told reporters in Seoul Wednesday at a seminar celebrating its 10th anniversary.
The fund only invests overseas and $76.7 billion, or 90.5 percent of its total net assets, was allocated to stocks and bonds in 2014, according to its annual report issued in May. The company’s initiative comes as the South Korean government plans to boost outbound investment to support a weaker currency...............................................Full Article: Source
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