Korea's $145b wealth fund shifts towards fixed income assets

Korea's $145b wealth fund shifts towards fixed income assets

Seoul, South Korea. Photo by Emile-Victor Portenart on Unsplash.

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.

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