03.02.2010 - Korea’s NPS and the ‘overlap’ factor
From FT Alphaville: The country’s biggest pension fund, the National Pension Service (NPS), is revelling in a worldwide shopping spree after nearly two decades of conservative investing, which even now sees just 10 per cent of its $240bn funds abroad — with about 77 per cent still in fixed-income holdings, almost all of them Korean. Of course, national security and resource security is critical to Korea — and to a national pension fund, Jun acknowledged. However, he told the FT, it was important to correct any residual misconceptions that NPS was a sovereign wealth fund that would blindly-back broader government strategies:.........................................Full Article: Source
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