April 26, 2024
Economy
NPS earns W13tr from equity investments
[THE INVESTOR] Korea’s national pension fund has earned nearly 13 trillion won (US$11.5 billion) from stock investments this year, data showed on May 12.
According to the data by market tracker FnGuide and industry sources, the value of 278 stocks, of which the National Pension Service owns 5 percent or more, was estimated at 106.2 trillion won as of May 10, up 13.5 percent from 93.6 trillion won at the end of last year.
Of the companies, 240 are traded on the main KOSPI market, while the remainder are registered with the tech-laden KOSDAQ market. Prices of 185 stocks rose over the cited period, with the average price increase reaching 8.8 percent.
Meanwhile, the pension operator posted valuation losses from its investments in 91 stocks, whose prices declined an average 6.34 percent over the cited period.
By Alex Lee and newswires (alexlee@heraldcorp.com)
According to the data by market tracker FnGuide and industry sources, the value of 278 stocks, of which the National Pension Service owns 5 percent or more, was estimated at 106.2 trillion won as of May 10, up 13.5 percent from 93.6 trillion won at the end of last year.
Of the companies, 240 are traded on the main KOSPI market, while the remainder are registered with the tech-laden KOSDAQ market. Prices of 185 stocks rose over the cited period, with the average price increase reaching 8.8 percent.
Meanwhile, the pension operator posted valuation losses from its investments in 91 stocks, whose prices declined an average 6.34 percent over the cited period.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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