April 26, 2024
Economy
ROI of gov’t funds dips in fiscal 2016
[THE INVESTOR] The average return on investment of government-operated public funds dropped sharply from a year earlier in 2016, the Finance Ministry said on May 23.
The average yields of 38 government funds came to 1.79 percent last year, compared with 2.36 percent the previous year, according to the ministry.
The drop was mostly attributed to low bond yields in the second half of last year.
As of end-2016, the National Pension Service managed the largest public fund worth 516 trillion won (US$461.20 billion), the ministry added.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The average yields of 38 government funds came to 1.79 percent last year, compared with 2.36 percent the previous year, according to the ministry.
The drop was mostly attributed to low bond yields in the second half of last year.
As of end-2016, the National Pension Service managed the largest public fund worth 516 trillion won (US$461.20 billion), the ministry added.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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