Korea's Teachers’ Pension and the Philippines' SSS to expand offshore focus

As interest rate uncertainties and inflation fears weigh on global markets, at least two pension funds in the Asia Pacific are hedging against uncertainty with diversified portfolios, placing even more money on overseas assets. Sharing their views at AsianInvestor’s Asian Investment Summit last week, the Social Security System (SSS) of the Philippines said it plans to add to its allocation of foreign investments to bring it to 7.5% of its portfolio in the short term. Similarly, …