15.06.2011 - Korean Investment Corporation taps FTSE index strategies
The Korean Investment Corporation (KIC) has selected three FTSE index strategies to help diversify its public markets investment programme. KIC focussed on three FTSE developed non market-cap weighted index strategies and is expected to implement some combination of these strategies in 2011. KIC was established as Korea’s sovereign wealth fund in 2005 to protect and grow capital with an appropriate level of risk for the wealth of future generations of the country. Assets under management were reported to be USD37 billion as of end of 2010..............................................Full Article: Source
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