S.Korea pension fund targets ratio of risky assets at 65% in new portfolio

Explore stories from Atlantic Canada.

Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWireSEOUL - South Korea's National Pension Service , manager of the world's third-largest public pension fund, will allocate 65% of its assets in risky assets under new long-term asset allocation rules, the welfare ministry said on Thursday.

The target of 65% was announced as the board governing the fund's investment policy decided to implement a"reference portfolio", a new portfolio rule allowing flexible asset allocations within a long-term target ratio.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European shares slip at open in earnings tide, Fed outcomeExplore stories from Atlantic Canada.
Read more »

South Korea parliament approves new inquiry into deadly 2022 crowd crushExplore stories from Atlantic Canada.
Read more »

Analysis-Russia can't match a Western asset seizure, but it can inflict painExplore stories from Atlantic Canada.
Read more »

Greek summer wildfire threat nears, outpacing plans to contain itExplore stories from Atlantic Canada.
Read more »

Analysis-Spain PM Sanchez's political gambles face litmus test in Catalan electionExplore stories from Atlantic Canada.
Read more »

Universal Music Group reaches new licensing agreement with TikTokExplore stories from Atlantic Canada.
Read more »