SEOUL May 23 South Korea's national pension
fund, one of the world's five biggest, aims to boost stocks in
its portfolio by some 5 percentage points by the end of 2019
while cutting holdings of bonds, the government said on Friday.
The National Pension Service will aim to boost the
proportion of stocks in its total investment portfolio to more
than 35 percent by the end of 2019 from 30.1 percent at the end
of 2013, the welfare ministry said in a statement.
The pension fund, which had investment assets totalling 427
trillion won ($416.89 billion) at the end of last year, would
cut bond holdings to less than 55 percent by the end of 2019
from 60.4 percent at the end of 2013, the ministry said.
The fund aims to earn 5.8 percent on its investment on
average for the next five years, the ministry said, without
giving comparable figures for other periods.
($1 = 1024.2500 Korean Won)
(Reporting by Choonsik Yoo; Editing by Kenneth Maxwell)