National pension fund to invest more in local shares next year

South Korea’s national pension fund plans to increase its investment in local shares by nearly 30 percent next year from this year to top the 100 trillion won ($93.2 billion) mark, its asset management report said Monday.

The National Pension Service, which is among the world’s four biggest pension operators, will increase its investment in shares in 2015, instead of reducing its investment in bonds and property, according to its pension management plan submitted to the National Assembly. Under the plan, the pension operator has set aside 80 trillion won to invest next year, a 11 percent drop from this year’s 104.4 trillion won.

The NPS plans to buy 12.55 trillion won worth of shares next year, up 16 percent from this year. Of the stock investment, 4.95 trillion won will be invested in local shares next year, up nearly 30 percent from 3.8 trillion won this year.

The pension operator will cut its purchase of bonds by 15 percent to 60.49 trillion won, and slash 18 percent in real estate and infrastructure investment. (Yonhap)