Alphabiz - NPS Selects Four Asset Managers for New Domestic Equity Mandates

Photo courtesy of Yonhap News

[Alpha Biz= Paul Lee] The National Pension Service (NPS) announced on November 27 that it has selected four firms—KCGI Asset Management, Mirae Asset Global Investments, KB Asset Management, and NH-Amundi Asset Management—as its new external managers for domestic equities.


In the Long-Term Growth category, KCGI Asset Management and Mirae Asset Global Investments were chosen. Mandates in this category focus on investment strategies that respond proactively to structural market changes and target stable long-term excess returns relative to the market.


In the Small & Mid-Cap Equity category, KB Asset Management and NH-Amundi Asset Management were selected. Managers in this category primarily invest in small- and mid-cap companies, including firms within the KOSDAQ 150 index, with portfolio construction and weightings determined at the discretion of the fund manager.


Among the four selected firms, KCGI Asset Management was selected as an NPS external manager for the first time, including its history prior to its rebranding from Meritz Asset Management.


The NPS Investment Management Division publicly announced its plan to select new managers on October 16 and received proposals earlier this month, completing its first domestic equity manager selection process of the year.

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)