Korea Post’s savings division plans alternatives push
The $52 billion arm of Korea Post, traditionally a conservative investor, needs to add risk to its portfolio as local bond markets lose their appeal.
Korea Post Savings Fund has a 4.4% target investment return for 2011, ambitious enough to require it to gradually increase its exposure to risk assets.
This means the institution will look to add equities and alternative investments to the portfolio mix, says Jung Jong-yong, CIO of the postal savings fund management team. He was speaking last week at AsianInvestor’s fifth annual Korea institutional investment forum in Seoul.
Jung says the $52 billion institution, which is separa…
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