According to Jin10, South Korea's National Pension Service (NPS) reported a preliminary first-half investment return of 27.2%, marking its best first-half performance since at least 2022. The fund, one of the world's largest pension investors, said on Friday that its assets under management reached 1,866 trillion won, equivalent to roughly $1.35 trillion, as of the end of June.
A sharp rally in South Korean equities underpinned the result. With the KOSPI index climbing to fresh record highs, NPS's Korean equity portfolio delivered a return of 107.4%. Overseas equities returned 17.8%. Overseas fixed income gained 9.22% and alternative investments rose 9.6%. Domestic bonds posted a loss of 3%.
NPS Chairman Kim Sung-joo attributed the strong performance to favorable movements in both domestic and international equity markets. The fund also noted that the first-half preliminary return already exceeds its record 18.8% full-year return from last year.
According to Jin10, South Korea's National Pension Service (NPS) has posted a preliminary investment return of 27.2% for the first half of the year. The fund said Friday that this was its best first-half result since at least 2022. Assets under management stood at 1,866 trillion won, or about $1.35 trillion, at the end of June.
The strong showing was led by South Korean equities. The KOSPI index has risen to record highs, and NPS's domestic stock investments returned 107.4%. In other asset classes, overseas equities gained 17.8%, overseas fixed income rose 9.22% and alternative investments added 9.6%. Domestic bonds lost 3%.
NPS Chairman Kim Sung-joo credited the results to favorable moves in both Korean and international equity markets. NPS is one of the largest pension funds in the world, and its half-year preliminary return already beats the record 18.8% it earned for the whole of last year.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
