South Korea's NPS Rebalances Equity Portfolio, Trims Samsung

NPS trims Samsung, adds SK hynix in rebalancing

The National Pension Service resumed rebalancing its domestic equity portfolio this month, but the pace of selling during the first three trading days was slower than investors had feared, suggesting the market impact may be less severe than expected. The NPS, the world's third-largest pension fund with more than 2,000 trillion won ($1.47 trillion) in assets under management, increased holdings in stocks including SK hynix, Hanwha Aerospace and Hybe while continuing to trim its overall domestic

By The Korea Herald