South Korea’s $145 billion sovereign wealth fund, burned by the sudden shift to market pessimism late in 2018, plans to add to its allocation of bonds and cut shares globally to protect double-digit returns this year.
Korea Investment Corp., which was founded in 2005 to invest some of the nation’s foreign-exchange reserves offshore, is turning “slightly defensive” Choi Heenam, its chief executive officer, said in an interview with Bloomberg News.
