KIC invests up to $900 million in ‘active’ index strategies
The sovereign wealth fund has selected three FTSE developed non-market-cap-weighted strategies to diversify its public markets investments. If it works, it says it will invest more.
Sovereign wealth fund Korea Investment Corporation (KIC) has moved to invest up to $900 million of assets into three FTSE index products based on the strategies of active managers.
KIC has adopted this combination of developed non-market-cap-weighted index strategies within its public markets investment programme as it targets improved risk-return.
The stocks in these indices were picked by external managers and compiled into indices on a fundamental or risk-adjusted basis.
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