S. Korea's state pension fund logs over 4 pct return in Jan.-Sept.
SEOUL, Nov. 27 (Yonhap) -- South Korea's state pension fund posted a return rate of over 4 percent through September on robust performances in domestic and overseas stock markets, its operator said Friday.
The state pension fund registered a 4.17 percent investment return at the end of September, according to the National Pension Service (NPS).
It chalked up a 8.47 percent investment return from the local stock market and a 3.28 percent yield from investments in overseas stocks.
The fund's return rates from investment in domestic and foreign bonds reached 2.69 percent and 6.01 percent, respectively, while the yield for alternative asset investments came to 3.94 percent.
"(The NPS) logged profits despite the uncertain global economy amid the COVID-19 outbreak," the operator said. "The domestic and global stock markets recovered in the third quarter as major economies rolled out stimulus and monetary easing measures to cope with the pandemic fallout."
Last year, the NPS posted a record yield of 11.3 percent.
The NPS, one of the world's leading pension funds, had 785.4 trillion won (US$711.7 billion) in assets under its management as of end-September, up 48.8 trillion won from the end of 2019.
ejkim@yna.co.kr
(END)
-
S. Korea to resume issuing short-term travel visas, e-visas next month
-
Ateez to drop new Japanese EP next week
-
(2nd LD) BTS wins three Billboard Music Awards, marking 6th year to win an award
-
Crypto investor probed over allegedly visiting house of Terraform's CEO
-
(2nd LD) N. Korea still unresponsive to S. Korea's outreach for talks on COVID-19: official
-
S. Korea to resume issuing short-term travel visas, e-visas next month
-
(5th LD) Yoon, Biden agree to expand joint military exercises to cope with N.K. threats
-
(LEAD) Yoon, PPP lawmakers travel to Gwangju en masse to commemorate 1980 democracy uprising
-
(LEAD) At least 8 injured in S-Oil refinery explosion in Ulsan: firefighters
-
(LEAD) Biden set to arrive in S. Korea for first summit with Yoon
-
U.S. not considering adding S. Korea to Quad: official
-
Chinese people purchase nearly 7,000 buildings in S. Korea in 2021
-
First lady Kim to greet Biden before state dinner
-
(5th LD) Yoon, Biden agree to expand joint military exercises to cope with N.K. threats
-
(2nd LD) Yoon, Biden tout alliance during visit to Air Force operations center