KIC increases its investment in US stocks

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Korea Investment Corp. (KIC) has increased its investment in US equities this year, while reducing the proportion of equities from emerging Asia-Pacific economies, including China.


Korea Investment Corp. (KIC) has increased its investment in U.S. stocks from $ 46.7 billion to $ 52.5 billion for the first eight months of this year, People’s Power Party MP Yoo Sung-kull said on October 15.

“KIC’s equity assets stood at $ 84.9 billion at the end of August of this year and the ratio of its US stocks to the total fell from 59.7% to 61.8% for the eight months, when the investment in shares of the sovereign wealth fund rose from US $ 1.6 billion to US $ 2.6 billion in Australia, Hong Kong and Singapore and went from US $ 12 billion to US $ 12.7 billion in non-UK European countries, ”the lawmaker said, adding:“ On the other hand, the fund’s equity investment fell from US $ 6.5 billion to US $ 6.1 billion. billion dollars in emerging Asia-Pacific economies, including China, the ratio of investment to total increased from 8.3% to 7.2%, and the sovereign fund’s investment on the Japanese stock market grew from $ 5.1 billion to $ 4.7 billion. “

For the eight months, KIC increased its US bond investment from US $ 3.6 billion to US $ 28.4 billion. Its total bond investment stood at $ 69.5 billion at the end of August and the ratio of its US bond investment to its total bond investment rose 2.4 percentage points to 40.8 %.

Its UK bond investment increased from US $ 5.2 billion to US $ 5.8 billion while its Japanese bond investment increased from US $ 8.3 billion to US $ 7.7 billion. The ratio remained unchanged from 5.1% in bond markets in emerging Asia-Pacific economies, including China. KIC’s total bond assets increased by approximately US $ 5 billion for the eight months.

At the end of August, KIC’s assets under management exceeded US $ 200 billion for the first time in history. The return on investment for the fund was US $ 14.9 billion for the eight months. The sovereign wealth fund celebrated its 16th anniversary in July this year and its cumulative return is $ 85.9 billion. Its assets include $ 85.1 billion and $ 30 billion, respectively entrusted by the Ministry of Economy and Finance and the Bank of Korea.


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