NPS chief urges institutions to broaden mandates

The head of global fixed income for Korea’s NPS says public institutions need to broaden mandate guidelines to include higher-yielding assets under the present economic malaise. Speaking at AsianInvestor’s 5th Annual China Investment Forum last week in Beijing, Ko Sungwon recognised the need to augment income in the low-rate environment and suggested this could include corporate credit, emerging market bonds, inflation-linked securities and global equities. He added that as pens…