UPDATED: Korea’s NPS lags on returns, replaces equity head

Mar 7, 2016

The $427 billion pension fund has named a new head of domestic equities amid changes under its new leadership, following underperformance against a range of overseas peers. (The update corrects an error in the ninth paragraph regarding the performance of the MSCI All Country World Index (ex-Korea).)

UPDATED: Korea’s NPS lags on returns, replaces equity head

Korea’s National Pension Service (NPS) has posted significantly lower returns than many other large public pension funds, with local media reports suggesting the state retirement fund needs to improve the efficiency of its fund management.

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