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[Alpha Biz=(Chicago) Reporter Paul Lee] The National Pension Service's fund management headquarters achieved profits exceeding KRW 80 trillion by the end of September this year.
According to the National Pension Service's fund management headquarters on the 30th, the return on the operation of the national pension fund was estimated at 8.66% from the beginning of the year to September. Profits for the same period are recording 80.383 trillion won. Since the establishment of the fund, the accumulated operating profit has been 531.667 trillion won and the fund's valuation has been 984.161 trillion won.
The National Pension Service said it was affected by strong domestic and foreign stock markets thanks to eased global tightening and a preference for risky assets stemming from solid corporate earnings. The rise in the exchange rate also had a positive effect on the yield.
Based on the amount-weighted return, it recorded a return of 13.43% on domestic stocks, 16.07% on overseas stocks, 2.54% on domestic bonds, 7.25% on overseas bonds and 7.39% on alternative investments.
Domestic and foreign stocks are fluctuating, overcoming unstable factors such as rising U.S. bond rates and the burden of oil prices. Amid expectations of easing tightening and concerns over a prolonged high interest rate stance, yields are linked to the U.S. CPI (PPI) trend and the Federal Reserve (Fed)'s policy-related remarks.
The third-quarter yield was somewhat adjusted from 6.35 percent at the end of March and 9.09 percent at the end of June to maintain a U.S. rate hike. The National Pension Service said operating returns were better in the fourth quarter than at the end of June.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
