National Pension Service, Target Excess Return for Next Year 0.22%p
[Asia Economy Reporter Lee Gwan-joo] The National Pension Fund Management Committee (Fund Committee) held its 10th meeting on the 24th at The Plaza Hotel in Jung-gu, Seoul, and approved the Fund Management Headquarters' target excess return for next year at 0.22%p.
The Fund Committee has set the target excess return at 0.22 percentage points annually for the past three years from 2019 to this year, and the return for next year remains the same.
The target excess return is the benchmark that the Fund Management Headquarters must exceed over the market return. The Fund Committee stated that this decision was made based on the judgment that it is appropriate to manage the fund stably given the ongoing uncertainties in domestic and international financial markets due to COVID-19.
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The Fund Committee determines the fund management direction according to the target excess return. It is also used as a criterion for performance bonuses for the Fund Management Headquarters.
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