Pension Funds Moving To Increase Global Investment

March 2008 | Top Stories

Some of the world's largest pension funds are gradually becoming less risk-adverse. South Korea's pension fund, the National Pension Service (NPS), announced on March 20 that it may increase its investment in foreign stocks to as high as US$21bn this year. The NPS is the world's fifth-largest pension fund and expects to have assets of KRW415trn under management by 2012. Meanwhile, since 2007 pension funds in Norway, Mexico, Chile have announced plans to further liberalise and invest in riskier assets such as equities, both domestically and abroad.

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