NPS to triple global equities investment

Unveiling its asset allocation plan for the next five years, Korea’s National Pension Service is ramping up its exposure to international equities and fixed income, as well as alternatives. Global equities will be the focus above all, with the NPS seeking to triple its investment from 2013 to 2017. As a counterbalance it aims to cut back on domestic fixed income. The pension service expects equities to represent at least 30% of overall assets under management by the end of 2017,…