National Pension Service Selects Four Domestic Equity Asset Management Firms for 2020

[Asia Economy Reporter Minji Lee] The National Pension Service Fund Management Headquarters announced on the 27th that it has additionally selected responsible investment-type delegated asset management companies for the domestic equity delegation sector, considering domestic and international investment conditions and management environments. Responsible investment is an investment type that focuses on corporate sustainability by adding non-financial analyses such as Environment, Social, and Governance (ESG) to traditional financial analysis.

After announcing the plan to select domestic equity delegated asset managers in September, the Fund Management Headquarters received fund-specific details and proposals for the target sectors, and after reviewing the proposals and conducting oral evaluations, selected a total of four delegated asset management companies for responsible investment: Kyobo AXA Asset Management, VI Asset Management, Shinhan BNP Paribas Asset Management, and Hanwha Asset Management.

Hyojun Ahn, head of the Fund Management Headquarters, stated, “Due to the global pandemic caused by the novel coronavirus disease (COVID-19), volatility, uncertainty, complexity, and ambiguity have increased, making investment in sustainable companies more important than ever. The National Pension Service has selected external specialized asset managers with excellent capabilities in responsible investment to stably manage the public’s retirement funds and enhance long-term returns amid an investment environment with heightened uncertainty.”

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